Mexico: Linoleum Market 2024

Linoleum Market Size in Mexico

In 2021, after three years of growth, there was significant decline in the Mexican linoleum market, when its value decreased by -39.6% to $X. Overall, consumption continues to indicate a dramatic contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Linoleum Exports

Exports from Mexico

In 2021, shipments abroad of linoleum increased by 259% to X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced setback. Over the period under review, the exports hit record highs at X square meters in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, linoleum exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X square meters) was the main destination for linoleum exports from Mexico, accounting for a 75% share of total exports. Moreover, linoleum exports to Guatemala exceeded the volume sent to the second major destination, Costa Rica (X square meters), fourfold. The third position in this ranking was held by the United States (X square meters), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-0.3% per year) and the United States (-21.8% per year).

In value terms, Guatemala ($X) remains the key foreign market for linoleum exports from Mexico, comprising 78% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 4.1% share of total exports. It was followed by Switzerland, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Guatemala stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-10.7% per year) and Switzerland (0.0% per year).

Export Prices by Country

The average linoleum export price stood at $X per square meter in 2021, jumping by 18% against the previous year. Over the period under review, the export price posted a moderate expansion. The growth pace was the most rapid in 2017 when the average export price increased by 123% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+0.5%), while the prices for the other major destinations experienced a decline.

Linoleum Imports

Imports into Mexico

In 2021, supplies from abroad of linoleum decreased by -36.8% to X square meters, falling for the third consecutive year after two years of growth. In general, imports saw a sharp slump. The growth pace was the most rapid in 2018 with an increase of 88% against the previous year. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, linoleum imports reduced sharply to $X in 2021. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X square meters) constituted the largest supplier of linoleum to Mexico, accounting for a 46% share of total imports. Moreover, linoleum imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X square meters), twofold. The third position in this ranking was taken by China (X square meters), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-38.6% per year) and China (+19.6% per year).

In value terms, Spain ($X) constituted the largest supplier of linoleum to Mexico, comprising 43% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-26.5% per year) and Italy (+1.3% per year).

Import Prices by Country

The average linoleum import price stood at $X per square meter in 2021, surging by 5.3% against the previous year. Overall, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 164% against the previous year. The import price peaked in 2021 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 Italy ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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