Mexico: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Mexico

In 2021, the Mexican market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 53% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Mexico

Exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Mexico surged to X tons in 2021, with an increase of 121% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, exports showed prominent growth. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Mexico, with a 42% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the Dominican Republic exceeded the volume sent to the second major destination, Nicaragua (X tons), twofold. The third position in this ranking was held by Costa Rica (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the Dominican Republic stood at +101.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+152.7% per year) and Costa Rica (+31.1% per year).

In value terms, the Dominican Republic ($X), Nicaragua ($X) and Guatemala ($X) constituted the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Mexico worldwide, with a combined 80% share of total exports.

Among the main countries of destination, Nicaragua, with a CAGR of +161.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 33% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by +43.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 69%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Costa Rica ($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 the Dominican Republic (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Mexico

In 2021, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 55% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a deep slump. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt slump. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Mexico, accounting for a 76% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-11.2% per year) and China (+47.7% per year).

In value terms, the United States ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Mexico, comprising 79% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.7% per year) and China (+48.2% per year).

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2015 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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