Mexico: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Mexico

The Mexican polyvinyl chloride market contracted to $X in 2022, reducing by -1.8% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +70.2% against 2020 indices. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Polyvinyl Chloride Production in Mexico

In value terms, polyvinyl chloride production fell notably to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 82%. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Polyvinyl Chloride Exports

Exports from Mexico

In 2022, shipments abroad of polyvinyl chloride decreased by -10% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 149% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyvinyl chloride exports totaled $X in 2022. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 82% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for polyvinyl chloride exports from Mexico, with a 95% share of total exports. Moreover, polyvinyl chloride exports 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 -4.4%.

In value terms, the United States ($X) remains the key foreign market for polyvinyl chloride exports from Mexico, comprising 96% of total exports. The second position in the ranking was held by Guatemala ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 75% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Mexico

In 2022, purchases abroad of polyvinyl chloride increased by 8% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, polyvinyl chloride imports fell to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main polyvinyl chloride supplier to Mexico, accounting for a 95% share of total imports. It was followed by China (X tons), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.6% per year) and Germany (-0.1% per year).

In value terms, the United States ($X) constituted the largest supplier of polyvinyl chloride to Mexico, comprising 94% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.3% per year) and China (+28.5% per year).

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, declining by -10.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 an increase of 7% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($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 (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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