Mexico: Glass Fibre Fabrics Market 2025

Glass Fibre Fabrics Market Size in Mexico

In 2022, after four years of growth, there was decline in the Mexican glass fibre fabrics market, when its value decreased by -1.2% to $X. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.6% against 2017 indices. Glass fibre fabrics consumption peaked at $X in 2021, and then reduced modestly in the following year.

Glass Fibre Fabrics Production in Mexico

In value terms, glass fibre fabrics production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29% against the previous year. Glass fibre fabrics production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Glass Fibre Fabrics Exports

Exports from Mexico

In 2022, exports of glass fibre fabrics from Mexico declined slightly to X tons, with a decrease of -4.4% on the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 52%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre fabrics exports reduced modestly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for glass fibre fabrics exports from Mexico, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +2.6%.

In value terms, the United States ($X) also remains the key foreign market for glass fibre fabrics exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +1.5%.

Export Prices by Country

In 2022, the average glass fibre fabrics export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 53%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +32.5% per year.

Glass Fibre Fabrics Imports

Imports into Mexico

In 2022, purchases abroad of glass fibre fabrics decreased by -7.1% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 57% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, glass fibre fabrics imports reduced modestly to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of glass fibre fabrics imports to Mexico, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +36.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest glass fibre fabrics suppliers to Mexico, with a combined 96% share of total imports.

China, with a CAGR of +20.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre fabrics import price amounted to $X per ton, surging by 5% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 31%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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