Mexico: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Mexico

The Mexican market for mattresses of cellular rubber or plastics declined to $X in 2022, falling by -6.9% against the previous year. Overall, consumption, however, enjoyed a prominent expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Mattresses of cellular rubber or plastics in Mexico

In value terms, production of mattresses of cellular rubber or plastics shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The growth pace was the most rapid in 2017 when the production volume increased by 43%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Mattresses of cellular rubber or plastics

Exports from Mexico

In 2022, the amount of mattresses of cellular rubber or plastics exported from Mexico expanded remarkably to X units, with an increase of 14% compared with the previous year. Over the period under review, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 66%. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of mattresses of cellular rubber or plastics soared to $X in 2022. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 125%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Mexico, accounting for a 91% share of total exports. Moreover, exports of mattresses of cellular rubber or plastics to the United States exceeded the volume sent to the second major destination, Canada (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -6.7%.

In value terms, the United States ($X) remains the key foreign market for mattresses of cellular rubber or plastics exports from Mexico, comprising 92% of total exports. The second position in the ranking was held by Canada ($X), with a 7.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +6.4%.

Export Prices by Country

The average export price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, rising by 2.7% against the previous year. In general, the export price recorded a strong expansion. The growth pace was the most rapid in 2017 an increase of 60% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.0%).

Imports of Mattresses of cellular rubber or plastics

Imports into Mexico

In 2022, the amount of mattresses of cellular rubber or plastics imported into Mexico skyrocketed to X units, rising by 19% against 2021 figures. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 80% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of mattresses of cellular rubber or plastics soared to $X in 2022. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to Mexico, with a 88% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.6%.

In value terms, China ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Mexico, comprising 76% of total imports. The second position in the ranking was taken by the United States ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +32.9%.

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, increasing by 49% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.1%).

Source: IndexBox Platform

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