Mexico: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Mexico

The Mexican market for cellular plates, sheets and films of polyymers of styrene rose slightly to $X in 2023, growing by X% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Consumption of peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Mexico

In value terms, production of cellular plates, sheets and films of polyymers of styrene amounted to $X in 2023 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Production of peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Mexico

In 2023, the amount of cellular plates, sheets and films of polyymers of styrene exported from Mexico expanded rapidly to X tons, picking up by X% compared with the previous year's figure. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene shrank dramatically to $X in 2023. Overall, exports showed a tangible increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) also remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Mexico.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price showed a slight descent. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a 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 2023, the rate of growth in terms of prices for South Korea amounted to X% per year.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Mexico

In 2023, supplies from abroad of cellular plates, sheets and films of polyymers of styrene increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in the immediate term.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene rose remarkably to $X in 2023. Overall, total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, imports of reached the peak figure in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of polystyrene cellular plates, sheets and films to Mexico, with a X% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2023, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Mexico, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, 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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform