Mexico: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Mexico

The Mexican oxygen-function amino-compound market expanded modestly to $X in 2023, picking up by X% against the previous year. In general, consumption, however, showed buoyant growth. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Oxygen-Function Amino-Compound Production in Mexico

In value terms, oxygen-function amino-compound production totaled $X in 2023 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Oxygen-function amino-compound production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Oxygen-Function Amino-Compound Exports

Exports from Mexico

In 2023, the amount of oxygen-function amino-compounds exported from Mexico contracted significantly to X tons, dropping by X% against the previous year's figure. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports shrank remarkably to $X in 2023. Overall, exports faced a sharp descent. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for oxygen-function amino-compound exports from Mexico, with a X% share of total exports. Moreover, oxygen-function amino-compound exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Colombia (X% per year).

In value terms, the United States ($X) remains the key foreign market for oxygen-function amino-compounds exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Colombia (X% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Mexico

Oxygen-function amino-compound imports into Mexico reduced to X tons in 2023, dropping by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound imports shrank to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

China (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of oxygen-function amino-compound imports to Mexico, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen-function amino-compound suppliers to Mexico were China ($X), the United States ($X) and Spain ($X), with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average oxygen-function amino-compound import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform