Mexico: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in Mexico

The Mexican plastic sanitary ware market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. 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.

Plastic Sanitary Ware Production in Mexico

In value terms, plastic sanitary ware production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Plastic sanitary ware production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Sanitary Ware Exports

Exports from Mexico

In 2022, overseas shipments of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X units, leveling off in the following year.

In value terms, plastic sanitary ware exports fell to $X in 2022. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

The United States (X units) was the main destination for plastic sanitary ware exports from Mexico, with a X% share of total exports. It was followed by Guatemala (X units), with a X% share of total exports. The third position in this ranking was taken by Honduras (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Honduras (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

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

Export Prices by Country

In 2022, the average plastic sanitary ware export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Honduras ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Sanitary Ware Imports

Imports into Mexico

In 2022, purchases abroad of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware increased by X% to X units, rising for the third consecutive year after five years of decline. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic sanitary ware imports rose to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) constituted the largest plastic sanitary ware supplier to Mexico, accounting for a X% share of total imports. Moreover, plastic sanitary ware imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, China ($X) and the United States ($X) appeared to be the largest plastic sanitary ware suppliers to Mexico.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average plastic sanitary ware import price amounted to $X per unit, flattening at the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic sanitary ware import price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 China ($X per unit), while the price for the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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