Mexico - Furniture Of Plastic - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Mexico - Furniture Of Plastic - Market Analysis, Forecast, Size, Trends and Insights

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Plastic Furniture Price in Mexico - 2023

Contents:

  1. Plastic Furniture Price in Mexico (CIF) - 2023
  2. Plastic Furniture Price in Mexico (FOB) - 2023
  3. Plastic Furniture Imports in Mexico
  4. Plastic Furniture Exports in Mexico

Plastic Furniture Price in Mexico (CIF) - 2023

The average plastic furniture import price stood at $13.9 per unit in August 2023, almost unchanged from the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 4.2% against the previous month. The import price peaked at $14.6 per unit in September 2022; however, from October 2022 to August 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Vietnam ($13.9 per unit) and the United States ($13.9 per unit), while the price for China ($13.9 per unit) and Spain ($13.9 per unit) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-0.4%), while the prices for the other major suppliers experienced a decline.

Plastic Furniture Price in Mexico (FOB) - 2023

The average plastic furniture export price stood at $16.2 per unit in August 2023, standing approximately at the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 9.8% m-o-m. Over the period under review, the average export prices attained the maximum at $16.2 per unit in July 2023, and then declined modestly in the following month.

Average prices varied noticeably for the major external markets. In August 2023, the country with the highest price was the United States ($16.2 per unit), while the average price for exports to Guatemala stood at $16.2 per unit.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.8%).

Plastic Furniture Imports in Mexico

Plastic furniture imports into Mexico stood at 5.4M units in 2022, increasing by 2.2% on 2021. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plastic furniture imports rose remarkably to $78M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Plastic Furniture in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China37.038.853.356.215.0%
United States14.79.810.412.2-6.0%
Vietnam1.83.32.12.917.2%
Israel3.52.20.92.8-7.2%
Italy0.80.61.21.214.5%
Others2.93.42.33.23.3%
Total60.758.170.078.48.9%

Top Suppliers of Plastic Furniture to Mexico in 2022:

  1. China (3887.5K units)
  2. United States (843.0K units)
  3. Vietnam (197.3K units)
  4. Israel (190.8K units)
  5. Italy (85.5K units)

Plastic Furniture Exports in Mexico

In 2022, after two years of decline, there was significant growth in shipments abroad of furniture of plastic, when their volume increased by 22% to 1.2M units. Overall, exports, however, saw a abrupt contraction. The exports peaked at 1.5M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plastic furniture exports stood at $19M in 2022. In general, exports, however, showed a perceptible shrinkage. Over the period under review, the exports hit record highs at $22M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Plastic Furniture in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States18.416.814.617.2-2.2%
Guatemala0.60.70.80.75.3%
Honduras0.20.10.20.535.7%
El Salvador0.50.60.70.3-15.7%
Costa Rica0.50.60.40.3-15.7%
Others1.40.80.50.3-40.2%
Total21.619.617.219.4-3.5%

Top Export Markets for Plastic Furniture from Mexico in 2022:

  1. United States (1105.1K units)
  2. Guatemala (47.9K units)
  3. Honduras (34.2K units)
  4. El Salvador (22.2K units)
  5. Costa Rica (18.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic furniture 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 31091430 - Furniture of plastics (excluding medical, surgical, dental or veterinary furniture - cases and cabinets specially designed for hi-fi systems, videos and televisions)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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