Mexico: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Mexico

The Mexican market for plastic hoses and hose fittings expanded modestly to $X in 2021, surging by 2.3% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Production of Plastic Hoses and Hose Fittings in Mexico

In value terms, plastic hose and hose fitting production declined modestly to $X in 2021 estimated in export price. In general, production, however, posted noticeable growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 51% against the previous year. Plastic hose and hose fitting production peaked at $X in 2020, and then declined in the following year.

Exports of Plastic Hoses and Hose Fittings

Exports from Mexico

In 2021, shipments abroad of plastic hoses and hose fittings increased by 30% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports soared to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.4% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for plastic hose and hose fitting exports from Mexico, accounting for a 88% share of total exports. It was followed by Guatemala (X tons), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +5.8%.

In value terms, the United States ($X) remains the key foreign market for plastic hoses and hose fittings exports from Mexico, comprising 87% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +6.8%.

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, dropping by -11.4% against the previous year. In general, the export price, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 15%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.9%).

Imports of Plastic Hoses and Hose Fittings

Imports into Mexico

In 2021, supplies from abroad of plastic hoses and hose fittings increased by 7.3% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, plastic hose and hose fitting imports surged to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest plastic hose and hose fitting supplier to Mexico, accounting for a 81% share of total imports. Moreover, plastic hose and hose fitting imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.8% per year) and Germany (+10.0% per year).

In value terms, the United States ($X) constituted the largest supplier of plastic hoses and hose fittings to Mexico, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 7.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.0% per year) and Germany (+4.6% per year).

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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