Mexico: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Mexico

In 2021, the Mexican glass fibre mat market increased by X% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Glass Fibre Mat Production in Mexico

In value terms, glass fibre mat production reached $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Glass Fibre Mat Exports

Exports from Mexico

In 2021, after four years of growth, there was significant decline in shipments abroad of glass fibre mats, when their volume decreased by -X% to X tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, glass fibre mat exports amounted to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for glass fibre mat exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +X%.

Export Prices by Country

In 2021, the average glass fibre mat export price amounted to $X per ton, rising by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Glass Fibre Mat Imports

Imports into Mexico

In 2021, imports of glass fibre mats into Mexico soared to X tons, picking up by X% on the previous year. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre mat imports soared to $X in 2021. In general, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Canada (X tons) were the main suppliers of glass fibre mat imports to Mexico, together comprising X% of total imports. Italy lagged somewhat behind, comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of glass fibre mat to Mexico, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2021, 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 Canada (-X% per year).

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2021, waning by -X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, 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