Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico - 2023

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico (CIF) - 2022
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico (FOB) - 2023
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico (CIF) - 2022

The average import price for felt; whether or not impregnated, coated, covered or laminateds stood at $6,562 per ton in 2022, surging by 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 28%. As a result, import price attained the peak level of $7,017 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($14,785 per ton), while the price for Belgium ($1,247 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico (FOB) - 2023

In August 2023, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $5,105 per ton, increasing by 14% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $400K per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.

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

From September 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +0.8% per month.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico

In 2022, the amount of felt; whether or not impregnated, coated, covered or laminateds imported into Mexico shrank to 10K tons, almost unchanged from the previous year's figure. In general, imports showed a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 7%.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds rose modestly to $68M in 2022. Over the period under review, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 10% against the previous year.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to Mexico in 2022:

1. United States (7.3K tons)
2. Germany (1.2K tons)
3. China (1.1K tons)
4. Belgium (0.3K tons)
5. Japan (0.2K tons)
6. Canada (0.1K tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Mexico

In 2022, exports of felt; whether or not impregnated, coated, covered or laminateds from Mexico skyrocketed to 13K tons, with an increase of 20% against the year before. The total export volume increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds stood at $34M in 2022. The total export value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from Mexico in 2022:

1. United States (13.1K tons)

Source: IndexBox Market Intelligence Platform