Mexico: Particle Board Market 2024

Particle Board Market Size in Mexico

The Mexican particle board market reached $X in 2022, rising by 1.5% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Particle Board Production in Mexico

In value terms, particle board production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 91%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Particle Board Exports

Exports from Mexico

Particle board exports from Mexico surged to X cubic meters in 2022, increasing by 17% against the year before. In general, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of 80%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, particle board exports surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 84% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X cubic meters) was the main destination for particle board exports from Mexico, accounting for a 99% share of total exports. It was followed by Guatemala (X cubic meters), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-32.5% per year) and El Salvador (-54.4% per year).

In value terms, the United States ($X) remains the key foreign market for particle board exports from Mexico, comprising 99% of total exports. The second position in the ranking was held by Guatemala ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-28.9% per year) and El Salvador (-56.1% per year).

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, growing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per cubic meter), while the average price for exports to El Salvador ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Particle Board Imports

Imports into Mexico

In 2022, the amount of particle board imported into Mexico rose markedly to X cubic meters, surging by 6.6% on 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 45% against the previous year. Imports peaked at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, particle board imports surged to $X in 2022. Overall, total imports indicated a tangible expansion 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, imports increased by +59.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest particle board supplier to Mexico, accounting for a 84% share of total imports. Moreover, particle board imports from the United States exceeded the figures recorded by the second-largest supplier, China (X cubic meters), more than tenfold. The third position in this ranking was taken by Romania (X cubic meters), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+46.8% per year) and Romania (+17.5% per year).

In value terms, the United States ($X) constituted the largest supplier of particle board to Mexico, comprising 86% of total imports. The second position in the ranking was held by China ($X), with a 4.4% share of total imports. It was followed by Romania, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.5% per year) and Romania (+30.6% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, rising by 13% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board import price increased by +71.1% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 39%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Romania ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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