Mexico: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Mexico

In 2021, the Mexican market for plastic plates, sheets, film, foil and strip was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a pronounced descent. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Mexico

In value terms, production of plastic plates, sheets, film, foil and strip totaled $X in 2021 estimated in export price. Overall, production recorded a perceptible contraction. The growth pace was the most rapid in 2015 when the production volume increased by 47%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Mexico

For the fourth consecutive year, Mexico recorded growth in overseas shipments of plastic plates, sheets, film, foil and strip, which increased by 14% to X tons in 2021. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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 exports of plastic plates, sheets, film, foil and strip from Mexico, accounting for a 92% share of total exports. It was followed by Colombia (X tons), with a 1.8% share of total exports. The third position in this ranking was taken by Guatemala (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-7.0% per year) and Guatemala (-2.4% per year).

In value terms, the United States ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Mexico, comprising 91% of total exports. The second position in the ranking was held by Guatemala ($X), with a 1.9% share of total exports. It was followed by Colombia, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-1.1% per year) and Colombia (-8.4% per year).

Export Prices by Country

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, surging by 16% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 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, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Colombia ($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 Costa Rica (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Mexico

In 2021, approx. X tons of plastic plates, sheets, film, foil and strip were imported into Mexico; jumping by 26% compared with 2020. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 plate, sheet, film, foil and strip supplier to Mexico, accounting for a 50% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.8% per year) and South Korea (+6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to Mexico, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.8% per year) and South Korea (+3.3% per year).

Import Prices by Country

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, shrinking by -4.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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