Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $33,938 per ton, surging by 16% against the previous year. Overall, the import price showed buoyant growth. The growth pace was the most rapid in 2015 an increase of 67%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
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 India ($48,128 per ton), while the price for South Korea ($3,150 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico (FOB) - 2022
In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,846 per ton, shrinking by -2% against the previous year. In general, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 a decrease of -2%. Over the period under review, the average export prices attained the maximum at $2,554 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($4,476 per ton), while the average price for exports to Belgium ($851 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.5%), while the prices for the other major destinations experienced a decline.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico
In 2022, approx. 22K tons of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) were imported into Mexico; flattening at the previous year's figure. In general, imports, however, saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 5.4% against the previous year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $754M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 360 | 318 | 372 | 430 | 6.1% |
| China | 119 | 118 | 161 | 204 | 19.7% |
| Germany | 13.3 | 17.1 | 22.5 | 21.5 | 17.4% |
| Canada | 13.7 | 12.2 | 19.1 | 21.2 | 15.7% |
| India | 6.4 | 7.8 | 10.3 | 20.3 | 46.9% |
| Malaysia | 7.2 | 5.8 | 7.9 | 7.2 | 0.0% |
| South Korea | 5.1 | 3.5 | 2.9 | 3.1 | -15.3% |
| Others | 49.1 | 40.0 | 42.8 | 47.3 | -1.2% |
| Total | 574 | 522 | 639 | 754 | 9.5% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Mexico in 2022:
- United States (13.5K tons)
- China (5.2K tons)
- South Korea (1.0K tons)
- Canada (0.5K tons)
- Malaysia (0.5K tons)
- Germany (0.5K tons)
- India (0.4K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico
Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Mexico soared to 303K tons in 2022, jumping by 23% compared with 2021 figures. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $560M in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 345 | 327 | 415 | 504 | 13.5% |
| Belgium | 15.9 | 10.6 | 3.8 | 1.0 | -60.2% |
| Others | 61.4 | 46.4 | 44.9 | 55.0 | -3.6% |
| Total | 422 | 384 | 464 | 560 | 9.9% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Mexico in 2022:
- United States (290.6K tons)
- Belgium (1.2K tons)
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