Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico - 2024
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico (CIF) - 2024
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico (FOB) - 2024
- Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico
- Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico (CIF) - 2024
In March 2024, the average import price for medium density fibreboard (MDF) of thickness under 5 mm amounted to $435 per cubic meter, surging by 6.7% against the previous month. In general, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 12% m-o-m. As a result, import price reached the peak level of $537 per cubic meter. From October 2023 to March 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($891 per cubic meter), while the price for China ($321 per cubic meter) was amongst the lowest.
From April 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Canada (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico (FOB) - 2024
The average export price for medium density fibreboard (MDF) of thickness under 5 mm stood at $774 per cubic meter in March 2024, remaining relatively unchanged against the previous month. In general, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in July 2023 an increase of 14% against the previous month. The export price peaked at $1,294 per cubic meter in March 2023; however, from April 2023 to March 2024, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to -4.2% per month.
Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico
In 2022, the amount of medium density fibreboard (MDF) of thickness under 5 mm imported into Mexico stood at 126K cubic meters, stabilizing at the previous year's figure. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of medium density fibreboard (MDF) of thickness under 5 mm soared to $65M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +81.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 13.3 | 8.6 | 12.8 | 13.9 | 1.5% |
| China | 0.9 | 1.0 | 7.3 | 10.3 | 125.4% |
| Thailand | 1.0 | 0.6 | 1.4 | 3.3 | 48.9% |
| United States | 3.1 | 2.5 | 2.0 | 2.4 | -8.2% |
| Uruguay | 1.2 | 1.4 | 1.6 | 1.8 | 14.5% |
| Malaysia | 2.0 | 1.7 | 0.3 | 1.3 | -13.4% |
| Turkey | 0.7 | 0.9 | 1.3 | 0.8 | 4.6% |
| Others | 25.3 | 18.7 | 26.1 | 30.7 | 6.7% |
| Total | 47.5 | 35.5 | 52.7 | 64.5 | 10.7% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm to Mexico in 2022:
- Brazil (24.7K cubic meters)
- China (23.1K cubic meters)
- Thailand (7.4K cubic meters)
- Uruguay (3.9K cubic meters)
- United States (3.3K cubic meters)
- Malaysia (3.1K cubic meters)
- Turkey (1.2K cubic meters)
Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico
In 2022, after three years of growth, there was significant decline in overseas shipments of medium density fibreboard (MDF) of thickness under 5 mm, when their volume decreased by -52.7% to 2.6K cubic meters. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 168%. As a result, the exports reached the peak of 5.5K cubic meters, and then shrank markedly in the following year.
In value terms, exports of medium density fibreboard (MDF) of thickness under 5 mm amounted to $2.4M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 235% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 162 | 310 | 1,130 | 1,122 | 90.6% |
| Honduras | 55.2 | 60.1 | 66.1 | 66.2 | 6.2% |
| El Salvador | 1.6 | 6.4 | 14.0 | 28.7 | 161.8% |
| Others | 182 | 335 | 1,177 | 1,175 | 86.2% |
| Total | 400 | 712 | 2,387 | 2,391 | 81.5% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm from Mexico in 2022:
- United States (1143.0 cubic meters)
- Honduras (214.0 cubic meters)
- El Salvador (47.0 cubic meters)
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