Mexico: Flat Glass Market 2024

Flat Glass Market Size in Mexico

In 2021, after three years of growth, there was significant decline in the Mexican flat glass market, when its value decreased by -8.4% to $X. Over the period under review, consumption, however, enjoyed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Flat Glass Production in Mexico

In value terms, flat glass production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Flat Glass Exports

Exports from Mexico

For the fifth consecutive year, Mexico recorded decline in shipments abroad of flat glass, which decreased by -46.2% to X tons in 2021. Over the period under review, exports recorded a sharp slump. The growth pace was the most rapid in 2016 when exports increased by 31%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat glass exports fell rapidly to $X in 2021. In general, exports saw a dramatic setback. The growth pace was the most rapid in 2016 when exports increased by 16%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for flat glass exports from Mexico, accounting for a 64% share of total exports. Moreover, flat glass exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), twofold. Guyana (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+75.4% per year) and Guyana (+1.5% per year).

In value terms, the United States ($X) remains the key foreign market for flat glass exports from Mexico, comprising 64% of total exports. The second position in the ranking was held by Canada ($X), with a 24% share of total exports. It was followed by Guyana, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+67.9% per year) and Guyana (+1.1% per year).

Export Prices by Country

In 2021, the average flat glass export price amounted to $X per ton, with a decrease of -14.3% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 43%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Colombia ($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 (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Mexico

Flat glass imports into Mexico reduced sharply to X tons in 2021, waning by -39.6% on the previous year. Over the period under review, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2014 when imports increased by 65%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, flat glass imports contracted rapidly to $X in 2021. Overall, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2014 when imports increased by 53%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of flat glass to Mexico, accounting for a 60% share of total imports. Moreover, flat glass imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.2% per year) and Malaysia (+260.8% per year).

In value terms, the United States ($X) constituted the largest supplier of flat glass to Mexico, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.7% per year) and Malaysia (+214.9% per year).

Import Prices by Country

In 2021, the average flat glass import price amounted to $X per ton, waning by -6% against the previous year. In general, the import price showed a slight setback. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($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 (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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