Mexico: Fluoropolymers Market 2024

Fluoropolymers Market Size in Mexico

The Mexican fluoropolymers market rose remarkably to $X in 2021, picking up by 7.9% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fluoropolymers Production in Mexico

In value terms, fluoropolymers production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Fluoropolymers production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fluoropolymers Exports

Exports from Mexico

In 2021, after two years of growth, there was significant decline in overseas shipments of fluoropolymers, when their volume decreased by -23.3% to X tons. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 330% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then contracted remarkably in the following year.

In value terms, fluoropolymers exports expanded remarkably to $X in 2021. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 346% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for fluoropolymers exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +11.1%.

In value terms, the United States ($X) also remains the key foreign market for fluoropolymers exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +10.6%.

Export Prices by Country

In 2021, the average fluoropolymers export price amounted to $X per ton, rising by 50% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat 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 2021, the rate of growth in terms of prices for the United States amounted to -0.5% per year.

Fluoropolymers Imports

Imports into Mexico

In 2021, fluoropolymers imports into Mexico stood at X tons, picking up by 13% against 2020. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.6% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 18%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, fluoropolymers imports surged to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of fluoropolymers to Mexico, accounting for a 84% share of total imports. Moreover, fluoropolymers imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.7% per year) and China (+10.0% per year).

In value terms, the United States ($X) constituted the largest supplier of fluoropolymers to Mexico, comprising 76% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by China, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.8% per year) and China (+11.1% per year).

Import Prices by Country

In 2021, the average fluoropolymers import price amounted to $X per ton, increasing by 7.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :