Mexico: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Mexico

In 2022, the Mexican market for rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -5.7% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Mexico

In value terms, vinyl chloride polymer rigid pipes production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 43% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Mexico

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were exported from Mexico; growing by 69% on the year before. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 127% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, vinyl chloride polymer rigid pipes exports soared to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 166%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Mexico, with a 95% share of total exports. It was followed by the Dominican Republic (X tons), with a 1.5% share of total exports. The third position in this ranking was taken by Cuba (X tons), with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+22.9% per year) and Cuba (+4.4% per year).

In value terms, the United States ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Mexico, comprising 94% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 2% share of total exports. It was followed by Cuba, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+22.8% per year) and Cuba (+6.4% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, growing by 39% against the previous year. Overall, the export price, however, showed a perceptible decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States ($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 Colombia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Mexico

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -22.3% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 4.6% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports reduced to $X in 2022. In general, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of vinyl chloride polymer rigid pipes to Mexico, with a 65% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. India (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.8% per year) and India (+21.5% per year).

In value terms, the United States ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Mexico, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by India, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.0% per year) and India (+19.4% per year).

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, surging by 28% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +101.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Spain ($X per ton), while the price for India ($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 (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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