Mexico: Drawing Board Market 2024

Drawing Board Market Size in Mexico

In 2022, after two years of growth, there was decline in the Mexican drawing board market, when its value decreased by -3.8% to $X. Overall, consumption continues to indicate a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Drawing Board Production in Mexico

In value terms, drawing board production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Drawing Board Exports

Exports from Mexico

In 2022, overseas shipments of slates and boards with writing or drawing surfaces were finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 108% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, drawing board exports surged to $X in 2022. Over the period under review, exports, however, saw a precipitous contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for drawing board exports from Mexico, accounting for a 93% share of total exports. Moreover, drawing board exports to the United States exceeded the volume sent to the second major destination, Honduras (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-15.9% per year) and Guatemala (-24.0% per year).

In value terms, the United States ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from Mexico, comprising 95% of total exports. The second position in the ranking was held by Honduras ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-13.1% per year) and Guatemala (-25.0% per year).

Export Prices by Country

In 2022, the average drawing board export price amounted to $X per unit, jumping by 47% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Drawing Board Imports

Imports into Mexico

In 2022, the amount of slates and boards with writing or drawing surfaces imported into Mexico shrank dramatically to X units, with a decrease of -27.7% on the previous year's figure. Over the period under review, imports showed a pronounced reduction. The growth pace was the most rapid in 2019 when imports increased by 36%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, drawing board imports declined significantly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 40%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of drawing board to Mexico, with a 88% share of total imports. Moreover, drawing board imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.7%.

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Mexico, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue 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 the United States ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.6%).

Source: IndexBox Platform

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