Mexico - Packing Cases, Boxes And Similar Packages - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Mexican Wood Packaging Market Continues to Decline
IndexBox has just published a new report "Mexico: Packing Cases, Boxes And Similar Packages - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.
The Mexican Wood Packaging Market Continued to Decline
The market value of the Mexican packing case market decreased marginally over the last three years, amounting to X million USD. It was X% lower than the outset level (IndexBox estimates). In physical terms, the market was estimated at X thousand tonnes in 2016. After the decline observed from 2008-2009, the market volume recovered, peaking at X thousand tonnes in 2012. However, the following year, the market assumed a downward trend, embarking on its current negative growth pattern.
Wood Packaging Consumption Is Expected to Exceed X Million USD by the End of 2025
The Mexican consumption of wood packaging products largely depends on the performance figures for industrial production and foreign trade, especially with the U.S. Over the past year, several economic indicators have improved – GDP growth exceeded the projected figure, which, along with strong exports to the U.S., will promote the enhanced consumption of cases, boxes and similar packages in the medium term. The consumpion of cases, boxes and similar packages is expected to grow with a CAGR of +X% for the period from 2016 to 2025, which will lead the market to X million USD in 2016.
Wood Packaging Production Declined Gradually over the Last Three Years
Mexican manufacturing of packing cases, boxes and similar packages illustrated a downward dynamic over the last three years. In 2016, the value of shipments in the industry decreased to X million USD. There was a noticable decline in production value in 2009; this was then followed by a recovery and then a period of further decline. In physical terms, output stood at X thousand tonnes, a decrease of X% against the previous year.
Approx. X% of Wood Packaging Consumption Was buoyed by Imports
Mexico increased its dependency on import supplies of this product, especially from the U.S. The share of imports in the total Mexican consumption of packing cases, boxes and similar packages increased from X% (based on USD) in 2007 to X% in 2016.
Mexico Saw the Geographic Reach of Its Wood Packaging Exports Develop Significantly
Mexico exported X million USD of packing cases, boxes and similar packages in 2016, expanding at an average annual rate of +X% over the period under review. This accounted for X% (based on USD) of Mexican packing cases, boxes and similar packages output.
In 2016, the main destination for Mexican packing cases, boxes and similar packages exports was the U.S. (X%, based on USD). Exports into the U.S. grew with a CAGR of +X% per year from 2007 to 2016. Italy ranked second in terms of the main export destinations, with a X% share, followed by Canada, Guatemala and China (X%, each). The share exported to the U.S. decreased (-X percentage points from 2007-2016), conceding to exports into Italy, Canada, Guatemala and China.
The U.S. Strengthened Its Dominance in Terms of Mexican Wood Packaging Imports
The value of the Mexican total imports of packing cases, boxes and similar packages totalled X million USD in 2016, which approx. mirrored the outset level.
The U.S. (X%, based on USD), followed by China (X%) and Italy (X%) lagging behind, were the main suppliers of packing cases, boxes and similar packages into Mexico, with a combined share of X% of total Mexican imports in 2016. Italy (+X%) was the fastest growing supplier from 2007 to 2016. The U.S. (+X percentage points) and Italy (+X percentage points) strengthened their position in Mexican imports from 2007 to 2016. By contrast, China saw its share reduced by –X percentage points.
Do you want to know more about the packaging market in Mexico? Get the latest trends and insight from our report. It includes a wide range of statistics on
- packing case market share
- packing case prices
- packing case production
- packing case industry
- packing case sales
- packing case imports
- packing case exports
- packing case market forecast
- packing case price forecast
Source: IndexBox AI Platform
Country coverage: Mexico
Packing cases, boxes, crates, drums and similar packages, of wood; cable-drums of wood; pallets, box pallets and other load boards, of wood; casks, barrels, vats, tubs and other coopers' products and parts thereof, of wood (including staves).
• Packaging market size and value in Mexico
• Volume and dynamics of packaging production in Mexico
• Volume and dynamics of exports/imports
• Producer prices, import/export prices for packaging
• Packaging market trends, drivers and restraints
• Forecast of the market dynamics in the medium term
• Per capita consumption of packaging in Mexico
Why buy this report
• Get the full picture of the market
• Assess future market prospects
• Identify Key success factors on the packaging market in Mexico
• Adjust your marketing strategy
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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