Mexico: Ceramic Tile Market 2024

Ceramic Tile Market Size in Mexico

The Mexican ceramic tile market shrank to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value 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, consumption increased by X% against 2014 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Ceramic Tile Production in Mexico

In value terms, ceramic tile production rose 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; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Ceramic Tile Exports

Exports from Mexico

In 2022, shipments abroad of ceramic tiles increased by X% to X square meters, rising for the second year in a row after three years of decline. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, ceramic tile exports totaled $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X square meters) was the main destination for ceramic tile exports from Mexico, accounting for a X% share of total exports. Moreover, ceramic tile exports to the United States exceeded the volume sent to the second major destination, Guatemala (X square meters), tenfold. The third position in this ranking was taken by Chile (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Chile (X% per year).

In value terms, the United States ($X) remains the key foreign market for ceramic tiles exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with an X% share of total exports. It was followed by El Salvador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and El Salvador (X% per year).

Export Prices by Country

In 2022, the average ceramic tile export price amounted to $X per square meter, stabilizing at the previous year. Overall, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per square meter) and Guatemala ($X per square meter), while the average price for exports to the United States ($X per square meter) and Chile ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced a decline.

Ceramic Tile Imports

Imports into Mexico

In 2022, the amount of ceramic tiles imported into Mexico reduced to X square meters, waning by X% compared with the previous year. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters, and then declined in the following year.

In value terms, ceramic tile imports reduced to $X in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

India (X square meters), Spain (X square meters) and Italy (X square meters) were the main suppliers of ceramic tile imports to Mexico, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Spain ($X) and Italy ($X) constituted the largest ceramic tile suppliers to Mexico, together comprising X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2022, standing approx. at the previous year. Overall, the import price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a lower figure.

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 Spain ($X per square meter), while the price for India ($X per square meter) 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 a decline.

Source: IndexBox Platform

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