Mexico: Adhesive Bandage Market 2023

Adhesive Bandage Market Size in Mexico

The Mexican adhesive bandage market amounted to $X in 2022, surging by 4.7% against the previous year. In general, consumption, however, recorded a slight curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Adhesive Bandage Production in Mexico

In value terms, adhesive bandage production stood at $X in 2022 estimated in export price. In general, production showed a perceptible increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Adhesive Bandage Exports

Exports from Mexico

In 2022, exports of adhesive bandages from Mexico shrank to X tons, with a decrease of -2.4% compared with the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, adhesive bandage exports dropped to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 27%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for adhesive bandage exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, falling by -7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 86% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 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 the United States amounted to +0.3% per year.

Adhesive Bandage Imports

Imports into Mexico

In 2022, adhesive bandage imports into Mexico surged to X tons, jumping by 23% compared with the year before. In general, imports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 755%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, adhesive bandage imports reached $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest adhesive bandage supplier to Mexico, with a 70% share of total imports. Moreover, adhesive bandage imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Colombia (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.5% per year) and Colombia (+0.6% per year).

In value terms, the United States ($X) constituted the largest supplier of adhesive bandages to Mexico, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 6% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.4% per year) and Germany (+23.2% per year).

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, falling by -7.1% against the previous year. Overall, the import price, however, posted a prominent expansion. The growth pace was the most rapid in 2014 an increase of 1,754% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia ($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 (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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