Mexico: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Mexico

The Mexican market for ready-mixed concrete and factory made mortars declined to $X in 2022, leveling off at the previous year. In general, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Ready-Mixed Concrete And Factory Made Mortars in Mexico

In value terms, production of ready-mixed concrete and factory made mortars fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Mexico

After three years of growth, shipments abroad of ready-mixed concrete and factory made mortars decreased by X% to X tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars reduced to $X in 2022. Overall, exports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Mexico, accounting for a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to the United States exceeded the volume sent to the second major destination, Panama (X tons), fivefold. Guatemala (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Guatemala (X% per year).

In value terms, the United States ($X) remains the key foreign market for ready-mixed concrete and factory made mortars exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, flattening at the previous year. In general, the export price posted a slight increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Mexico

After two years of decline, purchases abroad of ready-mixed concrete and factory made mortars increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of ready-mixed concrete and factory made mortars surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main ready-mixed concrete and factory made mortar supplier to Mexico, accounting for a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, the United States ($X) constituted the largest supplier of ready-mixed concrete and factory made mortars to Mexico, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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