Mexico: Cork Article Market 2024

Cork Article Market Size in Mexico

The Mexican cork article market was estimated at $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Cork Article Production in Mexico

In value terms, cork article production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Cork Article Exports

Exports from Mexico

In 2022, after three years of growth, there was significant decline in overseas shipments of cork articles, when their volume decreased by X% to X tons. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, cork article exports dropped rapidly to $X in 2022. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

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

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

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

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

Export Prices by Country

In 2022, the average cork article export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cork article export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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 Canada amounted to X% per year.

Cork Article Imports

Imports into Mexico

In 2022, supplies from abroad of cork articles increased by X% to X tons, rising for the seventh year in a row after three years of decline. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cork article imports amounted to $X in 2022. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of cork article to Mexico, accounting for a X% share of total imports. Moreover, cork article imports from Portugal exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

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

Import Prices by Country

In 2022, the average cork article import price amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for France ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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