Mexico: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Mexico

After five years of growth, the Mexican plastic household articles market decreased by -1% to $X in 2022. The market value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plastic household articles consumption peaked at $X in 2021, and then declined in the following year.

Plastic Household Articles Production in Mexico

In value terms, plastic household articles production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 21%. Plastic household articles production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plastic Household Articles Exports

Exports from Mexico

In 2022, approx. X tons of household articles and toilet articles of plastics were exported from Mexico; with an increase of 6.3% against 2021. In general, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.4% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 59%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastic household articles exports skyrocketed to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for plastic household articles exports from Mexico, with a 90% share of total exports. Moreover, plastic household articles exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+6.6% per year) and Costa Rica (-2.0% per year).

In value terms, the United States ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Mexico, comprising 86% of total exports. The second position in the ranking was held by Guatemala ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+13.8% per year) and Costa Rica (+4.7% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, jumping by 26% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household articles export price increased by +41.0% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 38% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Mexico

In 2022, approx. X tons of household articles and toilet articles of plastics were imported into Mexico; reducing by -10.2% on the year before. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, plastic household articles imports rose sharply to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2017 indices. The pace of growth was the most pronounced in 2015 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to Mexico, with a 68% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.8%.

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Mexico, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.0%.

Import Prices by Country

The average plastic household articles import price stood at $X per ton in 2022, rising by 24% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%).

Source: IndexBox Platform

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