Mexico: Polycarbonate Market 2024

Polycarbonate Market Size in Mexico

The Mexican polycarbonate market fell to $X in 2022, dropping by -10.9% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.6% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Polycarbonate Production in Mexico

In value terms, polycarbonate production reduced notably to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 116%. Polycarbonate production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Polycarbonate Exports

Exports from Mexico

In 2022, overseas shipments of polycarbonates (in primary forms) increased by 20% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 56% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, polycarbonate exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. 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), China (X tons) and South Korea (X tons) were the main destinations of polycarbonate exports from Mexico, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +47.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Mexico, comprising 79% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Guatemala, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+33.3% per year) and Guatemala (+21.9% per year).

Export Prices by Country

The average polycarbonate export price stood at $X per ton in 2022, rising by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

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 ($X per ton), while the average price for exports to China ($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 the United States (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Polycarbonate Imports

Imports into Mexico

In 2022, after five years of growth, there was significant decline in supplies from abroad of polycarbonates (in primary forms), when their volume decreased by -12.3% to X tons. Overall, imports, however, saw a temperate expansion. The growth pace was the most rapid in 2021 when imports increased by 99.9% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, polycarbonate imports reduced modestly to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +36.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest polycarbonate supplier to Mexico, accounting for a 59% share of total imports. Moreover, polycarbonate imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. China (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, 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: South Korea (+10.3% per year) and China (+39.6% per year).

In value terms, the United States ($X) constituted the largest supplier of polycarbonates (in primary forms) to Mexico, comprising 60% of total imports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total imports. It was followed by China, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.8% per year) and China (+39.0% per year).

Import Prices by Country

In 2022, the average polycarbonate import price amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, the import price enjoyed slight growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 113% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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