Mexico: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Mexico

The Mexican market for other plastic tubes, pipes and hoses shrank slightly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Other Plastic Tubes, Pipes and Hoses in Mexico

In value terms, production of other plastic tubes, pipes and hoses rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.8% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 50% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Mexico

In 2022, the amount of other plastic tubes, pipes and hoses exported from Mexico surged to X tons, jumping by 22% compared with the previous year. In general, total exports indicated buoyant growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports increased by +33.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of other plastic tubes, pipes and hoses reduced to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 -18.6% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 40% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from Mexico, with a 86% share of total exports. Moreover, exports of other plastic tubes, pipes and hoses to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. The third position in this ranking was held by Costa Rica (X tons), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+8.8% per year) and Costa Rica (+8.6% per year).

In value terms, the United States ($X) remains the key foreign market for other plastic tubes, pipes and hoses exports from Mexico, comprising 88% of total exports. The second position in the ranking was held by Guatemala ($X), with a 2.6% share of total exports. It was followed by Costa Rica, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+6.2% per year) and Costa Rica (+7.0% per year).

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, declining by -26.7% against the previous year. In general, the export price continues to indicate a mild slump. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Costa Rica ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) and El Salvador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Mexico

Imports of other plastic tubes, pipes and hoses into Mexico dropped to X tons in 2022, which is down by -5.4% on 2021. In general, imports, however, enjoyed notable growth. The growth pace was the most rapid in 2015 when imports increased by 71% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of other plastic tubes, pipes and hoses rose rapidly to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +42.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Canada (X tons) were the main suppliers of imports of other plastic tubes, pipes and hoses to Mexico, together accounting for 85% of total imports. Japan, Turkey, Taiwan (Chinese) and Germany lagged somewhat behind, together accounting for a further 8.5%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to Mexico, comprising 67% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Germany, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.0% per year) and Germany (+2.5% per year).

Import Prices by Country

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, increasing by 17% against the previous year. In general, the import price recorded a temperate increase. The growth pace was the most rapid in 2021 an increase of 55%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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