Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico (CIF) - 2022
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico (CIF) - 2022

In 2022, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $4,372 per ton, increasing by 4.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($4,553 per ton), while the price for South Korea ($2,450 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico (FOB) - 2022

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $4,209 per ton in 2022, increasing by 3.9% against the previous year. In general, the export price showed noticeable growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 156%. The export price peaked at $23,333 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($18,385 per ton), while the average price for exports to El Salvador ($752 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico

Imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into Mexico rose markedly to 95K tons in 2022, increasing by 5.6% against 2021 figures. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips rose markedly to $414M in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Mexico in 2022:

1. United States (73.8K tons)
2. Germany (5.9K tons)
3. Spain (3.9K tons)
4. France (2.5K tons)
5. South Korea (2.3K tons)
6. Canada (1.7K tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Mexico

Exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Mexico surged to 14K tons in 2022, growing by 41% compared with 2021. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 43% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips surged to $60M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Mexico in 2022:

1. United States (9.6K tons)
2. Costa Rica (2.2K tons)
3. El Salvador (0.9K tons)
4. Colombia (0.7K tons)
5. Guatemala (0.4K tons)

Source: IndexBox Market Intelligence Platform