Mexico: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Mexico

In 2021, the Mexican cement prefabricated structural components market decreased by -10.1% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Mexico

In value terms, cement prefabricated structural components production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Mexico

Cement prefabricated structural components exports from Mexico reduced markedly to X tons in 2021, dropping by -79.8% on the year before. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 318%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cement prefabricated structural components exports declined remarkably to $X in 2021. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 328% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cement prefabricated structural components exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -3.1%.

In value terms, the United States ($X) also remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -5.6%.

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2021, picking up by 57% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to +8.1% per year.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Mexico

In 2021, purchases abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -64.5% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 77% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, cement prefabricated structural components imports fell remarkably to $X in 2021. Overall, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 72%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest cement prefabricated structural components supplier to Mexico, accounting for a 86% share of total imports. Moreover, cement prefabricated structural components imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -9.3%.

In value terms, the largest cement prefabricated structural components suppliers to Mexico were the United States ($X) and Spain ($X).

Among the main suppliers, the United States, with a CAGR of -6.5%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average cement prefabricated structural components import price amounted to $X per ton, with a decrease of -4.8% against the previous year. Overall, the import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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