Mexico: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Mexico

The Mexican flax, tow and waste market plummeted to $X in 2021, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt contraction. Flax, tow and waste consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Flax, Tow And Waste

Exports from Mexico

Flax, tow and waste exports from Mexico soared to X kg in 2021, rising by X% against the previous year. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, flax, tow and waste exports soared to $X in 2021. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Cuba (X kg) was the main destination for flax, tow and waste exports from Mexico, with a X% share of total exports. Moreover, flax, tow and waste exports to Cuba exceeded the volume sent to the second major destination, the United States (X kg), sevenfold. The third position in this ranking was taken by Panama (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Panama (+X% per year).

In value terms, Cuba ($X) remains the key foreign market for flax, tow and waste exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cuba stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+X% per year) and Panama (+X% per year).

Export Prices by Country

In 2021, the average flax, tow and waste export price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flax, Tow And Waste

Imports into Mexico

In 2021, supplies from abroad of flax, tow and waste decreased by -X% to X tons, falling for the second year in a row after four years of growth. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, flax, tow and waste imports fell to $X in 2021. In general, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of flax, tow and waste to Mexico, accounting for a X% share of total imports. Moreover, flax, tow and waste imports from Hungary exceeded the figures recorded by the second-largest supplier, the United States (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary amounted to -X%.

In value terms, Hungary ($X) constituted the largest supplier of flax, tow and waste to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Hungary totaled -X%.

Import Prices by Country

In 2021, the average flax, tow and waste import price amounted to $X per ton, surging by less than X% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flax, tow and waste import price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for Hungary amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+X%).

Source: IndexBox Platform

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