Mexico: Mould For Glass Market 2024

Mould For Glass Market Size in Mexico

In 2021, the Mexican mould for glass market increased by 5.8% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a resilient increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Mould For Glass Production in Mexico

In value terms, mould for glass production amounted to $X in 2021 estimated in export price. In general, production recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 50% against the previous year. Mould for glass production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Mould For Glass Exports

Exports from Mexico

In 2021, after six years of decline, there was significant growth in shipments abroad of moulds for glass, when their volume increased by 54% to X units. Over the period under review, exports, however, continue to indicate a mild reduction. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, mould for glass exports surged to $X in 2021. Overall, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for mould for glass exports from Mexico, accounting for a 92% share of total exports. Moreover, mould for glass exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for moulds for glass exports from Mexico, comprising 89% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +5.3%.

Export Prices by Country

The average mould for glass export price stood at $X per unit in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2016 an increase of 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+24.3%), while the prices for the other major destinations experienced mixed trend patterns.

Mould For Glass Imports

Imports into Mexico

In 2021, the amount of moulds for glass imported into Mexico skyrocketed to X units, with an increase of 25% on the year before. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 63%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, mould for glass imports stood at $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.8% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 47%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mould for glass to Mexico, with a 67% share of total imports. Moreover, mould for glass imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Italy (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +45.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.3% per year) and Italy (+5.2% per year).

In value terms, China ($X), the United States ($X) and Croatia ($X) constituted the largest mould for glass suppliers to Mexico, together comprising 85% of total imports. These countries were followed by Italy, Belgium, Colombia and France, which together accounted for a further 10%.

Among the main suppliers, Belgium, with a CAGR of +61.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average mould for glass import price amounted to $X per unit, shrinking by -19.2% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 38% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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