Mexico: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Mexico

The Mexican market for other synthetic tow and staple not carded, combed or otherwise processed for spinning contracted slightly to $X in 2021, declining by -2.5% against the previous year. Overall, consumption saw a mild shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Mexico

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped modestly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 42% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Mexico

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Mexico rose significantly to X tons in 2021, growing by 15% against 2020 figures. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 1,005% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 754%. Over the period under review, the exports of attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons), Bolivia (X tons) and the United States (X tons) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Mexico, together comprising 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +62.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Bolivia ($X) constituted the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Mexico worldwide, together accounting for 91% of total exports.

In terms of the main countries of destination, China, with a CAGR of +81.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 32% against the previous year. Overall, the export price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to Bolivia ($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 Belgium (+108.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Mexico

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning imported into Mexico reduced sharply to X tons, declining by -63.7% on the previous year's figure. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 87%. Over the period under review, imports of attained the peak figure at X tons in 2020, and then dropped markedly in the following year.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped notably to $X in 2021. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 118%. Imports peaked at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Mexico, with a combined 68% share of total imports. Thailand and Japan lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +36.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Mexico were China ($X), the United States ($X) and South Korea ($X), with a combined 72% share of total imports. Thailand and Japan lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, Thailand, with a CAGR of +41.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, which is down by -2.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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