Mexico: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Mexico

The Mexican market for unsaturated polyesters in primary forms was estimated at $X in 2021, picking up by 13% against the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.6% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Unsaturated Polyesters In Primary Forms in Mexico

In value terms, unsaturated polyesters in primary forms production rose notably to $X in 2021 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Mexico

In 2021, approx. X tons of unsaturated polyesters in primary forms were exported from Mexico; approximately mirroring 2020. In general, exports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 48%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. Over the period under review, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for unsaturated polyesters in primary forms exports from Mexico, accounting for a 64% share of total exports. Moreover, unsaturated polyesters in primary forms exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. Colombia (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-3.2% per year) and Colombia (-14.2% per year).

In value terms, the United States ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Mexico, comprising 72% of total exports. The second position in the ranking was taken by Guatemala ($X), with an 18% share of total exports. It was followed by Colombia, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-1.7% per year) and Colombia (-14.0% per year).

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, picking up by 41% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($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 (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Mexico

For the tenth year in a row, Mexico recorded growth in purchases abroad of unsaturated polyesters in primary forms, which increased by 17% to X tons in 2021. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 19%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports rose markedly to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.7% against 2012 indices. The growth pace was the most rapid in 2016 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main unsaturated polyesters in primary forms supplier to Mexico, with a 92% share of total imports. Moreover, unsaturated polyesters in primary forms imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.3% per year) and China (+18.4% per year).

In value terms, the United States ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Mexico, comprising 89% of total imports. The second position in the ranking was held by Germany ($X), with a 4.3% share of total imports. It was followed by China, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.7% per year) and China (+20.9% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, falling by -7.8% against the previous year. Over the period under review, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 6.5% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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