Price for Waste, Parings and Scrap, of Plastics in Mexico - 2023
Contents:
- Price for Waste, Parings and Scrap, of Plastics in Mexico (FOB) - 2022
- Price for Waste, Parings and Scrap, of Plastics in Mexico (CIF) - 2022
- Exports of Waste, Parings and Scrap, of Plastics in Mexico
- Imports of Waste, Parings and Scrap, of Plastics in Mexico
Price for Waste, Parings and Scrap, of Plastics in Mexico (FOB) - 2022
The average export price for waste, parings and scrap, of plasticses stood at $4,663 per ton in 2022, surging by 7.6% against the previous year. Overall, the export price enjoyed a significant increase. The growth pace was the most rapid in 2018 an increase of 302%. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($7,332 per ton), while the average price for exports to China ($367 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 Indonesia (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Waste, Parings and Scrap, of Plastics in Mexico (CIF) - 2022
The average import price for waste, parings and scrap, of plasticses stood at $674 per ton in 2022, picking up by 5.2% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for waste, parings and scrap, of plasticses increased by +83.0% against 2012 indices. The most prominent rate of growth was recorded in 2017 an increase of 11%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.9% per year.
Exports of Waste, Parings and Scrap, of Plastics in Mexico
In 2022, exports of waste, parings and scrap, of plasticses from Mexico reduced notably to 28K tons, waning by -18.3% against 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of 35K tons, and then reduced dramatically in the following year.
In value terms, exports of waste, parings and scrap, of plasticses fell to $133M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $151M, and then contracted in the following year.
| Export of Waste, Parings and Scrap, of Plastics in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 82.7 | 75.0 | 127 | 110 | 10.0% |
| Hong Kong SAR | 9.8 | 7.4 | 9.7 | 8.1 | -6.2% |
| Malaysia | 9.3 | 6.2 | 6.0 | 7.6 | -6.5% |
| South Korea | 2.4 | 1.8 | 1.5 | 2.6 | 2.7% |
| Taiwan (Chinese) | 5.1 | 2.0 | 2.6 | 2.5 | -21.2% |
| China | 2.2 | 2.0 | 1.6 | 0.3 | -48.5% |
| Others | 9.0 | 5.3 | 2.1 | 1.8 | -41.5% |
| Total | 121 | 99.7 | 151 | 133 | 3.2% |
Top Export Markets for Waste, Parings and Scrap, of Plastics from Mexico in 2022:
- United States (23.8K tons)
- Hong Kong SAR (1.4K tons)
- Malaysia (1.0K tons)
- China (0.8K tons)
- South Korea (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
Imports of Waste, Parings and Scrap, of Plastics in Mexico
For the fourth consecutive year, Mexico recorded growth in purchases abroad of waste, parings and scrap, of plasticses, which increased by 6.5% to 87K tons in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of waste, parings and scrap, of plasticses rose markedly to $59M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 82%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Waste, Parings and Scrap, of Plastics in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.8 | 26.6 | 51.4 | 57.8 | 45.4% |
| Others | 2.6 | 2.1 | 1.0 | 0.8 | -32.5% |
| Total | 21.4 | 28.8 | 52.3 | 58.7 | 40.0% |
Top Suppliers of Waste, Parings and Scrap, of Plastics to Mexico in 2022:
- United States (85.4K tons)
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