Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico (FOB) - 2023
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico (CIF) - 2023
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $5,687 per ton in December 2023, with a decrease of -2.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 297% month-to-month. The import price peaked at $6,610 per ton in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($7,352 per ton), while the price for Malaysia ($2,437 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Malaysia (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico (FOB) - 2023
In December 2023, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,615 per ton, with a decrease of -5.1% against the previous month. In general, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 29% against the previous month. As a result, the export price reached the peak level of $4,687 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Guatemala ($4,264 per ton), while the average price for exports to Costa Rica ($2,317 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico
After two years of decline, purchases abroad of adhesives; prepared, based on rubber or plastics (including artificial resins) increased by 22% to 80K tons in 2022. In general, imports, however, continue to indicate a noticeable decrease.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $421M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 222 | 196 | 243 | 300 | 10.6% |
| China | 5.1 | 5.3 | 12.4 | 28.0 | 76.4% |
| Germany | 19.9 | 18.8 | 24.9 | 23.4 | 5.5% |
| Italy | 7.5 | 6.3 | 9.1 | 10.5 | 11.9% |
| Spain | 3.4 | 3.2 | 5.5 | 7.0 | 27.2% |
| France | 5.6 | 4.1 | 6.4 | 5.9 | 1.8% |
| Others | 32.2 | 32.0 | 41.4 | 46.2 | 12.8% |
| Total | 296 | 266 | 342 | 421 | 12.5% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Mexico in 2022:
- United States (59.2K tons)
- China (7.7K tons)
- Germany (3.4K tons)
- Spain (2.0K tons)
- Italy (1.7K tons)
- France (0.8K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico
In 2022, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from Mexico soared to 25K tons, rising by 36% compared with the year before. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) skyrocketed to $95M in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.2 | 17.4 | 47.8 | 73.1 | 72.7% |
| Colombia | 10.3 | 7.7 | 6.2 | 8.3 | -6.9% |
| Canada | N/A | 0.2 | 1.3 | 3.1 | 293.7% |
| Guatemala | 2.4 | 2.0 | 2.6 | 2.8 | 5.3% |
| El Salvador | 1.1 | 1.7 | 1.6 | 2.4 | 29.7% |
| Costa Rica | 3.7 | 2.8 | 2.5 | 2.4 | -13.4% |
| Peru | 4.9 | 3.8 | 0.3 | 1.6 | -31.1% |
| Ecuador | 3.9 | 3.4 | 1.4 | 0.3 | -57.5% |
| Argentina | 5.9 | 6.5 | N/A | N/A | 10.2% |
| Chile | 2.7 | 1.9 | 0.2 | N/A | -72.8% |
| Brazil | 26.9 | 29.5 | 5.6 | N/A | -54.4% |
| Others | 4.1 | 2.6 | 1.8 | 1.5 | -28.5% |
| Total | 80.3 | 79.5 | 71.3 | 95.5 | 5.9% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Mexico in 2022:
- United States (18.6K tons)
- Colombia (2.5K tons)
- Guatemala (0.9K tons)
- Canada (0.7K tons)
- Costa Rica (0.6K tons)
- El Salvador (0.5K tons)
- Peru (0.4K tons)
- Ecuador (0.1K tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Mexico.
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This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Mexico.
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This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
