Mexico: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Mexico

In 2021, the Mexican wood flat pallet market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Wood Flat Pallet Production in Mexico

In value terms, wood flat pallet production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32%. Wood flat pallet production peaked in 2021 and is likely to see gradual growth in years to come.

Wood Flat Pallet Exports

Exports from Mexico

For the third year in a row, Mexico recorded growth in overseas shipments of flat pallets and pallet collars of wood, which increased by 0.6% to X units in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.1% against 2012 indices. The pace of growth was the most pronounced in 2019 with an increase of 21%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, wood flat pallet exports surged to $X in 2021. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wood flat pallet exports from Mexico, with a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +8.5%.

In value terms, the United States ($X) also remains the key foreign market for flat pallets and pallet collars of wood exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +11.3%.

Export Prices by Country

In 2021, the average wood flat pallet export price amounted to $X per unit, jumping by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +2.6% per year.

Wood Flat Pallet Imports

Imports into Mexico

In 2021, purchases abroad of flat pallets and pallet collars of wood decreased by -1% to X units, falling for the second year in a row after eight years of growth. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 15% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wood flat pallet imports totaled $X in 2021. In general, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 32% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest wood flat pallet supplier to Mexico, with a 86% share of total imports. Moreover, wood flat pallet imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X units), more than tenfold. The third position in this ranking was taken by Sweden (X units), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+0.4% per year) and Sweden (+5.8% per year).

In value terms, the United States ($X) constituted the largest supplier of flat pallets and pallet collars of wood to Mexico, comprising 86% of total imports. The second position in the ranking was held by Guatemala ($X), with a 5.1% share of total imports. It was followed by Sweden, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+0.4% per year) and Sweden (+5.8% per year).

Import Prices by Country

In 2021, the average wood flat pallet import price amounted to $X per unit, remaining stable against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 26% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Guatemala ($X per unit) and the United States ($X per unit), while the price for Canada ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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