Mexico: Photographic Paper Market 2022

Photographic Paper Market Size in Mexico

The Mexican photographic paper market declined notably to $X in 2021, dropping by -17.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the market value increased by 0.1%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Photographic Paper Exports

Exports from Mexico

Photographic paper exports from Mexico declined to X square meters in 2021, waning by -13.4% compared with the year before. Over the period under review, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 42%. Over the period under review, the exports attained the peak figure at X square meters in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, photographic paper exports declined sharply to $X in 2021. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 43%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X square meters) was the main destination for photographic paper exports from Mexico, accounting for a 43% share of total exports. Moreover, photographic paper exports to Costa Rica exceeded the volume sent to the second major destination, Guatemala (X square meters), twofold. Panama (X square meters) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Costa Rica stood at -24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-29.0% per year) and Panama (-0.9% per year).

In value terms, the largest markets for photographic paper exported from Mexico were Guatemala ($X), Panama ($X) and Costa Rica ($X), with a combined 92% share of total exports.

Among the main countries of destination, Panama, with a CAGR of +19.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average photographic paper export price amounted to $X per square meter, falling by -19.3% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 86%. Over the period under review, the average export prices hit record highs at $X per square meter in 2020, and then contracted notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per square meter), while the average price for exports to Nicaragua ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Photographic Paper Imports

Imports into Mexico

For the third consecutive year, Mexico recorded decline in supplies from abroad of photographic paper, paperboard and textiles, which decreased by -17.1% to X square meters in 2021. In general, imports recorded a deep setback. The growth pace was the most rapid in 2018 with an increase of 9.9% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, photographic paper imports contracted notably to $X in 2021. Overall, imports continue to indicate a abrupt setback. The smallest decline of -3% was in 2018. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X square meters) was the main photographic paper supplier to Mexico, with a 91% share of total imports. Moreover, photographic paper imports from the United States exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.9% per year) and the Netherlands (-22.7% per year).

In value terms, the United States ($X) constituted the largest supplier of photographic paper to Mexico, comprising 97% of total imports. The second position in the ranking was held by China ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.8% per year) and the Netherlands (-30.2% per year).

Import Prices by Country

In 2021, the average photographic paper import price amounted to $X per square meter, almost unchanged from the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 28%. As a result, import price attained the peak level of $X per square meter. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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