Mexico: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Mexico

In 2021, the Mexican vulcanised rubber thread market increased by 7.2% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Vulcanised Rubber Thread Exports

Exports from Mexico

In 2021, shipments abroad of vulcanised rubber thread and cord decreased by -86.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 402%. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, vulcanised rubber thread exports declined notably to $X in 2021. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 428% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Colombia (X tons), El Salvador (X tons) and Guatemala (X kg) were the main destinations of vulcanised rubber thread exports from Mexico, together comprising 86% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +0.9%), while the other leaders experienced a decline.

In value terms, El Salvador ($X), Colombia ($X) and Honduras ($X) constituted the largest markets for vulcanised rubber thread exported from Mexico worldwide, with a combined 64% share of total exports.

El Salvador, with a CAGR of +0.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, picking up by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Colombia ($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 Honduras (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Thread Imports

Imports into Mexico

In 2021, supplies from abroad of vulcanised rubber thread and cord increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% 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 +57.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, vulcanised rubber thread imports expanded slightly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Malaysia (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of vulcanised rubber thread imports to Mexico, with a combined 44% share of total imports. These countries were followed by China, which accounted for a further 1.1%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +10.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), Thailand ($X) and the United States ($X) appeared to be the largest vulcanised rubber thread suppliers to Mexico, with a combined 49% share of total imports.

The United States, with a CAGR of +0.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, waning by -12.3% against the previous year. Over the period under review, the import price showed a noticeable contraction. The growth pace was the most rapid in 2015 an increase of 33% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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