Mexico: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Mexico

In 2021, the Mexican rubber-to-metal and moulded article market decreased by -4.5% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Rubber-to-metal and moulded article consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Rubber-to-Metal and Moulded Articles in Mexico

In value terms, rubber-to-metal and moulded article production reduced modestly to $X in 2021 estimated in export price. In general, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 42%. Rubber-to-metal and moulded article production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Mexico

In 2021, overseas shipments of rubber-to-metal and moulded articles increased by 109% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by 44%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for rubber-to-metal and moulded article exports from Mexico, with a 92% share of total exports. It was followed by Nicaragua (X tons), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+0.5% per year) and Brazil (-2.3% per year).

In value terms, the United States ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Mexico, comprising 85% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-1.6% per year) and Brazil (+0.5% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, declining by -44.2% against the previous year. Overall, the export price showed a pronounced slump. The pace of growth appeared the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Mexico

In 2021, imports of rubber-to-metal and moulded articles into Mexico skyrocketed to X tons, with an increase of 17% on the year before. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Mexico, together comprising 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of rubber-to-metal and moulded articles to Mexico, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.5% per year) and Germany (+3.2% per year).

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, rising by 2.8% against the previous year. Overall, the import price continues to indicate 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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