Mexico: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Mexico

The Mexican expansible polystyrene market fell to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a abrupt decrease. Expansible polystyrene consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Expansible Polystyrene Production in Mexico

In value terms, expansible polystyrene production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Expansible polystyrene production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Expansible Polystyrene Exports

Exports from Mexico

In 2022, shipments abroad of expansible polystyrene in primary forms was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its volume 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene exports skyrocketed to $X in 2022. In general, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for expansible polystyrene 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 stood at X%.

In value terms, the United States ($X) also remains the key foreign market for expansible polystyrene in primary forms exports from Mexico.

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

Export Prices by Country

The average expansible polystyrene export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated a pronounced increase 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, expansible polystyrene export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

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 Bolivia amounted to X% per year.

Expansible Polystyrene Imports

Imports into Mexico

In 2022, purchases abroad of expansible polystyrene in primary forms was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume 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, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, expansible polystyrene imports skyrocketed to $X in 2022. In general, total imports indicated notable 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of expansible polystyrene to Mexico, with a X% share of total imports. Moreover, expansible polystyrene imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of expansible polystyrene in primary forms to Mexico, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

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

Import Prices by Country

The average expansible polystyrene import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a modest 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, expansible polystyrene import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform