Mexico: Plaster Article Market 2024

Plaster Article Market Size in Mexico

In 2022, the Mexican plaster article market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated moderate 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 decreased by X% against 2020 indices. Plaster article consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plaster Article Production in Mexico

In value terms, plaster article production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Plaster article production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plaster Article Exports

Exports from Mexico

For the third year in a row, Mexico recorded growth in overseas shipments of articles of plaster or of compositions based on plaster, which increased by X% to X square meters in 2022. In general, total exports indicated a prominent increase 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, plaster article exports soared to $X in 2022. Over the period under review, exports showed a strong 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 square meters) was the main destination for plaster article exports from Mexico, with a X% share of total exports. It was followed by Panama (X square meters), with a X% share of total exports.

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: Panama (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X) remains the key foreign market for articles of plaster or of compositions based on plaster exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Panama ($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 stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average plaster article export price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, export price indicated resilient growth 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, plaster article export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Plaster Article Imports

Imports into Mexico

In 2022, overseas purchases of articles of plaster or of compositions based on plaster were finally on the rise to reach X square meters after three years of decline. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plaster article imports surged to $X in 2022. In general, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X square meters) was the main plaster article supplier to Mexico, with a X% share of total imports. Moreover, plaster article imports from the United States exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold.

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

In value terms, the United States ($X) constituted the largest supplier of articles of plaster or of compositions based on plaster to Mexico, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

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

Import Prices by Country

The average plaster article import price stood at $X per square meter in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per square meter), while the price for the United States stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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