Mexico: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Mexico

In 2021, the Mexican vulcanised rubber mats market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.0% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Vulcanised Rubber Mats Production in Mexico

In value terms, vulcanised rubber mats production soared to $X in 2021 estimated in export price. In general, production recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 84%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Vulcanised Rubber Mats Exports

Exports from Mexico

In 2021, overseas shipments of floor coverings and mats of vulcanised rubber were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber mats exports soared to $X in 2021. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber mats exports from Mexico, with a 96% share of total exports. It was followed by Colombia (X tons), with a 1.6% share of total exports. Guatemala (X tons) ranked third in terms of total exports with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-2.2% per year) and Guatemala (-5.9% per year).

In value terms, the United States ($X) remains the key foreign market for floor coverings and mats of vulcanised rubber exports from Mexico, comprising 96% of total exports. The second position in the ranking was taken by Colombia ($X), with a 1.6% share of total exports. It was followed by Guatemala, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+0.1% per year) and Guatemala (-3.7% per year).

Export Prices by Country

In 2021, the average vulcanised rubber mats export price amounted to $X per ton, picking up by 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Guatemala ($X per ton) and the United States ($X per ton), while the average price for exports to Costa Rica ($X per ton) and Nicaragua ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Mexico

In 2021, purchases abroad of floor coverings and mats of vulcanised rubber increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a mild shrinkage. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber mats imports soared to $X in 2021. In general, imports, however, showed a perceptible downturn. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of vulcanised rubber mats to Mexico, with a 54% share of total imports. Moreover, vulcanised rubber mats imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.1% per year) and India (+5.0% per year).

In value terms, the United States ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Mexico, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by India, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and India (+4.3% per year).

Import Prices by Country

In 2021, the average vulcanised rubber mats import price amounted to $X per ton, which is down by -5.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the price for Canada ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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