Mexico: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Mexico

The Mexican ethylene polymer rigid pipes market amounted to $X in 2021, remaining constant against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.7% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Mexico

In value terms, ethylene polymer rigid pipes production expanded modestly to $X in 2021 estimated in export price. In general, production continues to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 27%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Mexico

In 2021, overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 567% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ethylene polymer rigid pipes exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 628%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for ethylene polymer rigid pipes exports from Mexico, with a 94% share of total exports. Moreover, ethylene polymer rigid pipes exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +78.2%.

In value terms, the United States ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Mexico, comprising 95% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +81.1%.

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, shrinking by -14.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Mexico

In 2021, imports of rigid tubes, pipes and hoses of polymers of ethylene into Mexico surged to X tons, jumping by 24% on the previous year. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 80% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, ethylene polymer rigid pipes imports skyrocketed to $X in 2021. Overall, imports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2015 with an increase of 82% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main ethylene polymer rigid pipes supplier to Mexico, with a 91% share of total imports. Moreover, ethylene polymer rigid pipes imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and Italy (+18.3% per year).

In value terms, the United States ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Mexico, comprising 89% of total imports. The second position in the ranking was taken by China ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.7% per year) and Italy (+22.5% per year).

Import Prices by Country

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, rising by 2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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