Mexico: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2025

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Mexico

The Mexican market for floor, wall or ceiling coverings of plastics fell sharply to $X in 2022, waning by -30.7% against the previous year. Overall, consumption showed a pronounced reduction. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Mexico

In value terms, production of floor, wall or ceiling coverings of plastics reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 8.3% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Mexico

In 2022, overseas shipments of floor, wall or ceiling coverings of plastics increased by 1,249% to X square meters, rising for the fourth consecutive year after six years of decline. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of floor, wall or ceiling coverings of plastics skyrocketed to $X in 2022. In general, exports saw a significant expansion. 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 square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +24.1%.

In value terms, the United States ($X) also remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +23.1%.

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, reducing by -21.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 84% against the previous year. The export price peaked at $X per square meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.8% per year.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Mexico

Imports of floor, wall or ceiling coverings of plastics into Mexico soared to X square meters in 2022, jumping by 21% compared with the previous year. The total import volume increased at an average annual rate of +6.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 58%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of floor, wall or ceiling coverings of plastics soared to $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Mexico, with a 63% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, the United States (X square meters), threefold. South Korea (X square meters) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.6% per year) and South Korea (+14.8% per year).

In value terms, China ($X), the United States ($X) and South Korea ($X) were the largest plastic floor, wall and ceiling coverings suppliers to Mexico, with a combined 92% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +15.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, stabilizing at the previous year. In general, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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