Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Mexico - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Mexico (CIF) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Mexico
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Mexico (CIF) - 2023
In July 2023, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,080 per ton, remaining constant against the previous month. In general, the import price recorded a perceptible setback. The pace of growth was the most pronounced in February 2023 when the average import price increased by 5.6% m-o-m. The import price peaked at $1,696 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From July 2022 to July 2023, the rate of growth in terms of prices for the United States amounted to -3.0% per month.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas purchases of acids; saturated acyclic monocarboxylic acids; vinyl acetates, which increased by 0.4% to 75K tons in 2022. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 21%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates surged to $113M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 60.0 | 63.1 | 86.3 | 109 | 22.0% |
| China | N/A | N/A | 2.1 | 4.5 | 114.3% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 60.0 | 63.1 | 89.2 | 113 | 23.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Mexico in 2022:
- United States (73.6K tons)
- China (1.6K tons)
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