Mexico: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in Mexico

In 2021, the Mexican enamels and glazes market decreased by -6.3% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption saw a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 8.6% against the previous year. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Enamels And Glazes Production in Mexico

In value terms, enamels and glazes production expanded to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 8.9%. Enamels and glazes production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Enamels And Glazes Exports

Exports from Mexico

In 2021, shipments abroad of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by 61% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 +76.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, enamels and glazes exports surged to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.6% 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 +92.2% against 2019 indices. 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 enamels and glazes exports from Mexico, accounting for a 87% share of total exports. Moreover, enamels and glazes exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-0.9% per year) and Colombia (-11.2% per year).

In value terms, the United States ($X) remains the key foreign market for vitrifiable enamels and glazes for ceramics, enamelling or glass exports from Mexico, comprising 89% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-1.9% per year) and Colombia (-7.3% per year).

Export Prices by Country

In 2021, the average enamels and glazes export price amounted to $X per ton, growing by 6.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Guatemala ($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 Colombia (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Enamels And Glazes Imports

Imports into Mexico

Enamels and glazes imports into Mexico was estimated at X tons in 2021, approximately equating the previous year. Over the period under review, imports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 12% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, enamels and glazes imports declined to $X in 2021. Overall, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 6.3% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of enamels and glazes imports to Mexico, together comprising 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +17.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of vitrifiable enamels and glazes for ceramics, enamelling or glass to Mexico, comprising 73% of total imports. The second position in the ranking was held by Spain ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.7% per year) and Italy (+2.8% per year).

Import Prices by Country

The average enamels and glazes import price stood at $X per ton in 2021, falling by -13.5% against the previous year. In general, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 4.1% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($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 (+9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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