Mexico: Sisal Binder Market 2025

Sisal Binder Market Size in Mexico

The Mexican sisal binder market reduced slightly to $X in 2022, dropping by -1.7% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sisal binder consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sisal Binder Production in Mexico

In value terms, sisal binder production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 16% against the previous year. Sisal binder production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Sisal Binder Exports

Exports from Mexico

In 2019, overseas shipments of sisal binder or baler (agricultural) twines decreased by -8.7% to X tons, falling for the third year in a row after two years of decline. In general, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2014 with an increase of 18%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, sisal binder exports declined remarkably to $X in 2019. Over the period under review, exports faced a abrupt descent. The pace of growth was the most pronounced in 2014 when exports increased by 40% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2019, the average annual rate of growth in terms of volume to the United States amounted to -20.6%.

In value terms, the United States ($X) also remains the key foreign market for sisal binder or baler (agricultural) twines exports from Mexico.

From 2012 to 2019, the average annual rate of growth in terms of value to the United States totaled -17.9%.

Export Prices by Country

In 2019, the average sisal binder export price amounted to $X per ton, falling by -15.7% against the previous year. In general, the export price, however, showed moderate growth. The pace of growth appeared the most rapid in 2014 an increase of 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2018, and then fell markedly in the following year.

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

From 2012 to 2019, the rate of growth in terms of prices for the United States amounted to +3.3% per year.

Sisal Binder Imports

Imports into Mexico

Sisal binder imports into Mexico dropped notably to X kg in 2022, shrinking by -99.8% on the previous year's figure. In general, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 514% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, sisal binder imports declined sharply to $X in 2022. Overall, imports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 561% against the previous year. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, the United States (X kg) was the main sisal binder supplier to Mexico, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -41.5%.

In value terms, the United States ($X) constituted the largest supplier of sisal binder or baler (agricultural) twines to Mexico.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -40.8%.

Import Prices by Country

The average sisal binder import price stood at $X per ton in 2022, rising by 102% against the previous year. Overall, the import price posted a slight expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, 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 El Salvador amounted to +5.4% per year.

Source: IndexBox Platform

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