Mexico: Polyamide Market 2024

Polyamide Market Size in Mexico

After three years of decline, the Mexican polyamide market increased by 16% to $X in 2021. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Polyamide Production in Mexico

In value terms, polyamide production amounted to $X in 2021 estimated in export price. In general, production saw prominent growth. The growth pace was the most rapid in 2016 when the production volume increased by 43% against the previous year. Polyamide production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Polyamide Exports

Exports from Mexico

In 2021, shipments abroad of polyamides (in primary forms) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyamide exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. 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 polyamide exports from Mexico, accounting for a 79% share of total exports. Moreover, polyamide exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.5% per year) and Brazil (+39.3% per year).

In value terms, the United States ($X) remains the key foreign market for polyamides (in primary forms) exports from Mexico, comprising 79% of total exports. The second position in the ranking was taken by China ($X), with a 6.8% share of total exports. It was followed by Brazil, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.3% per year) and Brazil (+28.9% per year).

Export Prices by Country

The average polyamide export price stood at $X per ton in 2021, picking up by 9.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Colombia ($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 El Salvador (+28.6%), while the prices for the other major destinations experienced mixed trend patterns.

Polyamide Imports

Imports into Mexico

In 2021, purchases abroad of polyamides (in primary forms) was finally on the rise to reach X tons after six years of decline. Overall, imports, however, showed a deep reduction. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, polyamide imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded 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 supplier of polyamide to Mexico, accounting for a 77% share of total imports. Moreover, polyamide imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.7% per year) and Spain (+19.9% per year).

In value terms, the United States ($X) constituted the largest supplier of polyamides (in primary forms) to Mexico, comprising 77% of total imports. The second position in the ranking was taken by Germany ($X), with a 6% share of total imports. It was followed by China, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.6% per year) and China (+19.8% per year).

Import Prices by Country

The average polyamide import price stood at $X per ton in 2021, shrinking by -40.1% against the previous year. In general, the import price, however, saw a strong expansion. The pace of growth was the most pronounced in 2019 an increase of 36%. The import price peaked at $X per ton in 2020, and then fell sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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