Mexico: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2025

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Mexico

For the fourth year in a row, the Mexican rubber tube and pipe market recorded decline in sales value, which decreased by -11% to $X in 2021. Overall, consumption recorded a pronounced slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Mexico

In value terms, rubber tube and pipe production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Mexico

In 2021, approx. X tons of tubes, pipes and hoses of vulcanized rubber were exported from Mexico; picking up by 18% on 2020. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.8% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, rubber tube and pipe exports soared to $X in 2021. Overall, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.4% against 2012 indices. The growth pace was the most rapid in 2014 when exports increased by 23%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for rubber tube and pipe exports from Mexico, with a 94% share of total exports. Moreover, rubber tube and pipe exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +7.1%.

In value terms, the United States ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Mexico, comprising 92% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +9.2%.

Export Prices by Country

In 2021, the average rubber tube and pipe export price amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2013 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%).

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Mexico

In 2021, overseas purchases of tubes, pipes and hoses of vulcanized rubber increased by 4% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a deep setback. The growth pace was the most rapid in 2014 when imports increased by 68% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 20%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of rubber tube and pipe to Mexico, with a 56% share of total imports. Moreover, rubber tube and pipe imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by South Korea (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.0% per year) and South Korea (+17.0% per year).

In value terms, the United States ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Mexico, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.2% per year) and Germany (-1.7% per year).

Import Prices by Country

In 2021, the average rubber tube and pipe import price amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the import price showed a remarkable increase. The growth pace was the most rapid in 2013 an increase of 43% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady 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 Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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