Updated Jan 12, 2023 02:56

Market for Ceramic Wares For Laboratory Or Technical Uses in Mexico

Market Overview
The Mexican market for ceramic wares for laboratory or technical uses reached $ in , surging by % 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 posted modest growth. Consumption of peaked at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.

In value terms, production of ceramic wares for laboratory or technical uses rose rapidly to $ in estimated in export price. In general, production posted buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of %. Production of peaked at $ in ; however, from to , production failed to regain momentum.


Consumption
Consumption of ceramic wares for laboratory or technical uses in Mexico rose markedly to tons in , increasing by % on the previous year. Overall, consumption, however, saw a noticeable descent. Over the period under review, consumption of reached the maximum volume at tons in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.

The value of the market for ceramic wares for laboratory or technical uses in Mexico expanded modestly to $ in , growing by % 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 saw a mild increase. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for ceramic wares for laboratory or technical uses in Mexico, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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. Ceramic wares for laboratory or technical uses market in Mexico consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Mexico relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. 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 ceramic wares for laboratory or technical uses; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.