Mexico: Market for PVC Floor, Wall and Ceiling Coverings 2025

Market Size for PVC Floor, Wall and Ceiling Coverings in Mexico

In 2022, the Mexican market for PVC floor, wall and ceiling coverings decreased by -15% to $X, falling for the second consecutive year after six years of growth. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.8% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of PVC Floor, Wall and Ceiling Coverings in Mexico

In value terms, production of PVC floor, wall and ceiling coverings stood at $X in 2022 estimated in export price. In general, production continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 37% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Mexico

In 2022, overseas shipments of PVC floor, wall and ceiling coverings increased by 1,518% to X square meters, rising for the second year in a row after eight years of decline. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of PVC floor, wall and ceiling coverings surged to $X in 2022. In general, exports saw a significant increase. 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 square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +24.1%.

In value terms, the United States ($X) also remains the key foreign market for PVC floor, wall and ceiling coverings exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +23.0%.

Export Prices by Country

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, remaining stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 85% against the previous year. The export price peaked at $X per square meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, 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 -0.9% per year.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Mexico

Imports of PVC floor, wall and ceiling coverings into Mexico surged to X square meters in 2022, growing by 21% on the previous year. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume 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, imports increased by +41.0% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 85%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of PVC floor, wall and ceiling coverings soared to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +45.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of PVC floor, wall and ceiling coverings to Mexico, with a 63% share of total imports. Moreover, imports of PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), fourfold. The United States (X square meters) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+15.5% per year) and the United States (+3.3% per year).

In value terms, China ($X), the United States ($X) and South Korea ($X) constituted the largest PVC floor, wall and ceiling coverings suppliers to Mexico, together accounting for 92% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, increasing by 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 53%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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