Mexico: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Mexico

The Mexican unvulcanised rubber market skyrocketed to $X in 2021, picking up by 23% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Unvulcanised rubber consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Unvulcanised Rubber Production in Mexico

In value terms, unvulcanised rubber production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 35%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports from Mexico

In 2021, unvulcanised rubber exports from Mexico expanded significantly to X tons, picking up by 12% on 2020. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 43%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, unvulcanised rubber exports contracted modestly to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 47%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for unvulcanised rubber exports from Mexico, accounting for a 76% share of total exports. Moreover, unvulcanised rubber exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+42.2% per year) and Colombia (-22.7% per year).

In value terms, the United States ($X) remains the key foreign market for unvulcanised rubber exports from Mexico, comprising 75% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+31.7% per year) and Colombia (-26.3% per year).

Export Prices by Country

In 2021, the average unvulcanised rubber export price amounted to $X per ton, reducing by -11.2% against the previous year. Overall, the export price saw a pronounced slump. The pace of growth was the most pronounced in 2016 an increase of 48% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Colombia ($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 Cuba (+2.0%), while the prices for the other major destinations experienced a decline.

Unvulcanised Rubber Imports

Imports into Mexico

In 2021, the amount of unvulcanised rubber imported into Mexico skyrocketed to X tons, surging by 28% compared with the previous year's figure. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.5% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of 66% 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.

In value terms, unvulcanised rubber imports soared to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of unvulcanised rubber to Mexico, with a 85% share of total imports. Moreover, unvulcanised rubber 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 Canada (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.9% per year) and Canada (+23.8% per year).

In value terms, the United States ($X) constituted the largest supplier of unvulcanised rubber to Mexico, comprising 86% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.9% share of total imports. It was followed by Canada, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.0% per year) and Canada (+25.2% per year).

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, reducing by -4.4% against the previous year. Overall, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 69%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Canada ($X per ton), while the price for Germany ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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