Updated Oct 18, 2022 01:58

Non-Reinforced Rubber Tubing Market in Mexico

Market Overview
The Mexican non-reinforced rubber tubing market skyrocketed to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a pronounced expansion. Over the period under review, the market hit record highs in and is expected to retain growth in years to come.

In value terms, non-reinforced rubber tubing production shrank to $ in estimated in export price. Overall, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of %. Non-reinforced rubber tubing production peaked at $ in , and then reduced in the following year.


Consumption
After five years of growth, consumption of rubber tubing not reinforced decreased by -% to tons in . Over the period under review, consumption, however, continues to indicate a moderate increase. Non-reinforced rubber tubing consumption peaked at tons in , and then shrank in the following year.

The value of the non-reinforced rubber tubing market in Mexico contracted modestly to $ in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a noticeable expansion. Non-reinforced rubber tubing consumption peaked at $ in , and then shrank slightly in the following year.


Market Forecast
The non-reinforced rubber tubing market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Mexico domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Mexico remains a net importer of non-reinforced rubber tubing; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.