Mexico: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2025

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Mexico

The Mexican vulcanised cellular rubber articles market reduced to $X in 2021, declining by -11% against the previous year. Overall, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Mexico

In value terms, vulcanised cellular rubber articles production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 104% against the previous year. Vulcanised cellular rubber articles production peaked at $X in 2020, and then fell in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Mexico

In 2021, overseas shipments of vulcanised cellular rubber articles for technical uses increased by 12% to X tons, rising for the third year in a row after four years of decline. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 156%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, vulcanised cellular rubber articles exports totaled $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 119% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+114.4% per year) and Nicaragua (-43.7% per year).

In value terms, the United States ($X) remains the key foreign market for vulcanised cellular rubber articles for technical uses exports from Mexico, comprising 96% of total exports. The second position in the ranking was held by Brazil ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+94.6% per year) and Nicaragua (-48.5% per year).

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, shrinking by -3.1% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 55% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Nicaragua ($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 the United States (+7.5%), while the prices for the other major destinations experienced a decline.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Mexico

In 2021, overseas purchases of vulcanised cellular rubber articles for technical uses increased by 63% to X tons, rising for the fourth consecutive year after five years of decline. In general, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, vulcanised cellular rubber articles imports declined to $X in 2021. Overall, imports, however, continue to indicate a noticeable slump. The growth pace was the most rapid in 2015 when imports increased by 9.4%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of vulcanised cellular rubber articles to Mexico, accounting for a 78% share of total imports. Moreover, vulcanised cellular rubber articles imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.9% per year) and South Korea (-30.2% per year).

In value terms, the United States ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Mexico, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.3% per year) and South Korea (-20.7% per year).

Import Prices by Country

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, which is down by -39.6% against the previous year. In general, the import price, however, showed a tangible increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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