Mexico: Container Market 2024

Container Market Size in Mexico

The Mexican container market was estimated at $X in 2022, stabilizing at the previous year. Overall, the total consumption indicated a noticeable expansion 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 2020 indices. Container consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Container Production in Mexico

In value terms, container production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced 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, production decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Container production peaked at $X in 2017; afterwards, it flattened through to 2022.

Container Exports

Exports from Mexico

In 2022, container exports from Mexico rose slightly to X units, growing by X% against the previous year's figure. Over the period under review, exports posted a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, container exports stood at $X in 2022. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X units) was the main destination for container exports from Mexico, accounting for a X% share of total exports. Moreover, container exports to the United States exceeded the volume sent to the second major destination, Guatemala (X units), more than tenfold.

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

In value terms, the United States ($X) remains the key foreign market for tanks, casks, drums, cans, boxes and similar containers exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

The average container export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, export price indicated a tangible 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, container export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Mexico

In 2022, imports of tanks, casks, drums, cans, boxes and similar containers into Mexico surged to X units, increasing by X% compared with the year before. Overall, imports, however, continue to indicate a noticeable setback. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, container imports soared to $X in 2022. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest container supplier to Mexico, accounting for a X% share of total imports. Moreover, container imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of tanks, casks, drums, cans, boxes and similar containers to Mexico, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average container import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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