Mexico: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Mexico

In 2021, after two years of decline, there was significant growth in the Mexican market for tiles, flagstones and similar articles of cement, concrete or artificial stone, when its value increased by 8.6% to $X. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Mexico

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded remarkably to $X in 2021 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 55%. Production of peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Mexico

In 2021, overseas shipments of tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 146% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Mexico, accounting for a 96% share of total exports. It was followed by Honduras (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-14.5% per year) and Guatemala (-9.9% per year).

In value terms, the United States ($X) remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Mexico, comprising 96% of total exports. The second position in the ranking was held by Guatemala ($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 totaled +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-4.2% per year) and Honduras (-11.7% per year).

Export Prices by Country

In 2021, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, which is down by -31.3% against the previous year. Overall, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 62% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Mexico

In 2021, overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 71% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 50% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Mexico, with a 79% share of total imports. Moreover, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +71.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.0% per year) and the United States (-12.3% per year).

In value terms, China ($X), Spain ($X) and Italy ($X) appeared to be the largest tiles, flagstones and similar articles of cement, concrete or artificial stone suppliers to Mexico, with a combined 96% share of total imports.

Among the main suppliers, Spain, with a CAGR of +35.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, dropping by -14.2% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 when the average import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Spain ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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