Mexico: Market for Tableware And Kitchenware Of Wood 2025

Market Size for Tableware And Kitchenware Of Wood in Mexico

The Mexican wood kitchenware and tableware market surged to $X in 2021, jumping by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Wood kitchenware and tableware consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Tableware And Kitchenware Of Wood

Exports from Mexico

Wood kitchenware and tableware exports from Mexico surged to X tons in 2021, picking up by 45% on the previous year. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 54%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood kitchenware and tableware exports soared to $X in 2021. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for wood kitchenware and tableware exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +12.7%.

In value terms, the United States ($X) also remains the key foreign market for tableware and kitchenware of wood exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +17.8%.

Export Prices by Country

The average wood kitchenware and tableware export price stood at $X per ton in 2021, jumping by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 43%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +4.4% per year.

Imports of Tableware And Kitchenware Of Wood

Imports into Mexico

In 2021, wood kitchenware and tableware imports into Mexico surged to X tons, increasing by 35% against the previous year. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 84% against the previous year. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2021.

In value terms, wood kitchenware and tableware imports surged to $X in 2021. Overall, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main wood kitchenware and tableware supplier to Mexico, accounting for a 92% share of total imports. Moreover, wood kitchenware and tableware imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+26.6% per year) and Spain (+19.7% per year).

In value terms, China ($X) constituted the largest supplier of tableware and kitchenware of wood to Mexico, comprising 83% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.6% share of total imports. It was followed by Vietnam, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.4% per year) and Vietnam (+21.0% per year).

Import Prices by Country

The average wood kitchenware and tableware import price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2015 an increase of 70%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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