Mexico: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Mexico

In 2022, the Mexican market for aluminium casks, drums, cans, boxes and similar containers increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed strong growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Mexico

In value terms, production of aluminium casks, drums, cans, boxes and similar containers contracted to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from Mexico

In 2022, the amount of aluminium casks, drums, cans, boxes and similar containers exported from Mexico dropped rapidly to X units, falling by X% on 2021 figures. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for exports of aluminium casks, drums, cans, boxes and similar containers from Mexico, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for aluminium casks, drums, cans, boxes and similar containers exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%.

Export Prices by Country

The average export price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into Mexico

In 2022, overseas purchases of aluminium casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers skyrocketed to $X in 2022. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest aluminium cask, drum, can, box and similar container supplier to Mexico, accounting for a X% share of total imports. Moreover, imports of aluminium casks, drums, cans, boxes and similar containers from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of aluminium casks, drums, cans, boxes and similar containers to Mexico, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average import price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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