Mexico: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Mexico

In 2022, the Mexican market for plasticised mixed polyvinyl chloride in primary forms increased by 11% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Mexico

In value terms, production of plasticised mixed polyvinyl chloride in primary forms dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.1%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Mexico

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a noticeable decline. The growth pace was the most rapid in 2016 with an increase of 70%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms totaled $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 11%. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Mexico, accounting for a 90% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-6.7% per year) and Honduras (+0.2% per year).

In value terms, the United States ($X) remains the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Mexico, comprising 92% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-1.0% per year) and Honduras (+4.0% per year).

Export Prices by Country

In 2022, the average export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, surging by 11% against the previous year. In general, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 82% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Mexico

In 2022, purchases abroad of plasticised mixed polyvinyl chloride in primary forms decreased by -9.8% to X tons, falling for the third year in a row after eight years of growth. In general, imports showed a mild shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 10% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms rose significantly to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of plasticised mixed polyvinyl chloride in primary forms to Mexico, accounting for a 93% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, 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: Germany (-2.0% per year) and China (+15.0% per year).

In value terms, the United States ($X) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Mexico, comprising 93% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.3% per year) and China (+12.7% per year).

Import Prices by Country

In 2022, the average import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 26% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for plasticised mixed polyvinyl chloride in primary forms increased by +77.8% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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