Price for Wood; Statuettes and Other Ornaments of Wood in Mexico - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Mexico (FOB) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Mexico (CIF) - 2022
- Exports of Wood; Statuettes and Other Ornaments of Wood in Mexico
- Imports of Wood; Statuettes and Other Ornaments of Wood in Mexico
Price for Wood; Statuettes and Other Ornaments of Wood in Mexico (FOB) - 2022
The average export price for wood; statuettes and other ornaments of wood stood at $1,882 per ton in November 2022, shrinking by -32.7% against the previous month. Overall, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in July 2022 an increase of 117% against the previous month. As a result, the export price attained the peak level of $7,447 per ton. From August 2022 to November 2022, the the average 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 November 2021 to November 2022, the rate of growth in terms of prices for the United States amounted to -1.8% per month.
Price for Wood; Statuettes and Other Ornaments of Wood in Mexico (CIF) - 2022
In November 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $6,898 per ton, with an increase of 18% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 54% m-o-m. Over the period under review, average import prices attained the peak figure at $11,447 per ton in June 2022; however, from July 2022 to November 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Indonesia ($10,011 per ton), while the price for the United States ($4,640 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wood; Statuettes and Other Ornaments of Wood in Mexico
In 2022, after three years of growth, there was significant decline in shipments abroad of wood; statuettes and other ornaments of wood, when their volume decreased by -41.4% to 1.1K tons. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 342% against the previous year. As a result, the exports reached the peak of 2K tons, and then fell sharply in the following year.
In value terms, exports of wood; statuettes and other ornaments of wood reduced remarkably to $4.3M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +46.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 59%. As a result, the exports attained the peak of $5.3M, and then dropped dramatically in the following year.
| Export of Wood; Statuettes and Other Ornaments of Wood in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.8 | 3.3 | 5.3 | 4.3 | 15.4% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 2.9 | 3.3 | 5.3 | 4.3 | 14.0% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Mexico in 2022:
- United States (1.1K tons)
Imports of Wood; Statuettes and Other Ornaments of Wood in Mexico
In 2022, imports of wood; statuettes and other ornaments of wood into Mexico fell to 394 tons, waning by -13.7% compared with the previous year's figure. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 38%.
In value terms, imports of wood; statuettes and other ornaments of wood shrank to $2.6M in 2022. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year.
| Import of Wood; Statuettes and Other Ornaments of Wood in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,359 | 1,305 | 2,108 | 1,681 | -10.7% |
| India | 434 | 289 | 470 | 375 | -4.8% |
| Indonesia | 561 | 261 | 128 | 249 | -23.7% |
| United States | 157 | 103 | 153 | 122 | -8.1% |
| Italy | 138 | 66.8 | 40.8 | 64.4 | -22.4% |
| Vietnam | 76.0 | 87.7 | 28.7 | 50.4 | -12.8% |
| Others | 272 | 146 | 79.7 | 92.2 | -30.3% |
| Total | 3,997 | 2,259 | 3,008 | 2,634 | -13.0% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Mexico in 2022:
- China (271.1 tons)
- India (44.2 tons)
- Indonesia (35.7 tons)
- United States (19.2 tons)
- Italy (8.2 tons)
- Vietnam (7.1 tons)
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