Mexico - Voiles, Webs, Mats And Other Articles Of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Fiber Price in Mexico - 2023
Contents:
- Glass Fiber Price in Mexico (CIF) - 2023
- Glass Fiber Price in Mexico (FOB) - 2023
- Glass Fiber Imports in Mexico
- Glass Fiber Exports in Mexico
Glass Fiber Price in Mexico (CIF) - 2023
The average glass fiber import price stood at $6,982 per ton in June 2023, growing by 28% against the previous month. Overall, the import price saw a strong increase. The growth pace was the most rapid in November 2022 an increase of 371% against the previous month. Over the period under review, average import prices reached the peak figure at $7,494 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($7,614 per ton), while the price for China amounted to $4,139 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+14.7%).
Glass Fiber Price in Mexico (FOB) - 2023
In June 2023, the average glass fiber export price amounted to $12,337 per ton, surging by 25% against the previous month. Overall, the export price recorded resilient growth. The pace of growth was the most pronounced in March 2023 an increase of 93% against the previous month. Over the period under review, the average export prices attained the maximum in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($35,557 per ton), while the average price for exports to Chile ($1,819 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Fiber Imports in Mexico
In 2022, purchases abroad of voiles, webs, mats and other articles of glass fibers was finally on the rise to reach 98K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern.
In value terms, glass fiber imports soared to $444M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glass Fiber in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 228 | 210 | 235 | 269 | 5.7% |
| China | 90.1 | 81.3 | 98.7 | 113 | 7.8% |
| India | 6.4 | 7.6 | 5.4 | 14.5 | 31.3% |
| Canada | 5.0 | 4.6 | 7.1 | 8.2 | 17.9% |
| Others | 42.2 | 39.0 | 36.3 | 39.1 | -2.5% |
| Total | 371 | 343 | 382 | 444 | 6.2% |
Top Suppliers of Glass Fiber to Mexico in 2022:
- United States (56.6K tons)
- China (32.7K tons)
- India (2.3K tons)
- Canada (2.3K tons)
Glass Fiber Exports in Mexico
In 2022, the amount of voiles, webs, mats and other articles of glass fibers exported from Mexico stood at 35K tons, surging by 13% on 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 61%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, glass fiber exports soared to $178M in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Glass Fiber in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 128 | 116 | 145 | 168 | 9.5% |
| Others | 16.0 | 11.1 | 7.8 | 10.1 | -14.2% |
| Total | 144 | 127 | 153 | 178 | 7.3% |
Top Export Markets for Glass Fiber from Mexico in 2022:
- United States (33.1K tons)
This report provides an in-depth analysis of the glass fiber market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The rate of expansion was highest in May 2023 when imports of Glass Fiber increased by 70% compared to the previous month. In terms of value, Glass Fiber imports modestly grew to $32M in October 2023.
481
In April 2023, the price of Glass Fiber reached $7,494 per ton (CIF, Mexico), exhibiting a 28% growth compared to the previous month.
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In November of 2022, the glass fiber mat price rose 28% from the previous month, amounting to $3,897 per ton (CIF, Mexico)
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