Mexico: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Mexico

In 2022, the Mexican market for pure polyvinyl chloride in primary forms increased by 3.6% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in Mexico

In value terms, production of pure polyvinyl chloride in primary forms shrank slightly to $X in 2022 estimated in export price. Overall, production saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 17% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Mexico

In 2022, shipments abroad of pure polyvinyl chloride in primary forms decreased by -13.1% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 179% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms stood at $X in 2022. In general, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 170%. Over the period under review, the exports of attained 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 pure polyvinyl chloride in primary forms from Mexico, with a 97% share of total exports. Moreover, exports of pure 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 totaled -6.8%.

In value terms, the United States ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -2.8%.

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, picking up by 16% against the previous year. Overall, the export price posted a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 79%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Mexico

In 2022, the amount of pure polyvinyl chloride in primary forms imported into Mexico soared to X tons, picking up by 15% against 2021. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations 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 pure polyvinyl chloride in primary forms reduced to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +66.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, the United States (X tons) was the main pure polyvinyl chloride in primary forms supplier to Mexico, accounting for a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +1.5%.

In value terms, the United States ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Mexico.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +4.5%.

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, shrinking by -23.8% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 pure polyvinyl chloride in primary forms increased by +44.1% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 89%. As a result, import price reached the peak level of $X per ton, and then shrank markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.0% per year.

Source: IndexBox Platform

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