Mexico - Iron Oxides And Hydroxides - Market Analysis, Forecast, Size, Trends and Insights
Iron Oxide Pigment Price in Mexico Averages $1,960 per Ton
Mexico Iron Oxide Pigment Import Price in November 2022
In November 2022, the iron oxide pigment price stood at $1,960 per ton (CIF, Mexico), approximately equating the previous month. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in February 2022 an increase of 10% against the previous month. Over the period under review, average import prices hit record highs at $4,709 per ton in November 2021; however, from December 2021 to November 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,928 per ton), while the price for the United States ($956 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
|COUNTRY||Import Price of Iron Oxide Pigment in Mexico (USD per ton)|
|Nov 2021||Dec 2021||Jan 2022||Feb 2022||Mar 2022||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022||Nov 2022|
Mexico Iron Oxide Pigment Imports
In November 2022, approximately 2.2K tons of iron oxide pigments were imported into Mexico; approximately mirroring the previous month. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in May 2022 with an increase of 33% m-o-m. As a result, imports reached the peak of 2.6K tons. From June 2022 to November 2022, the growth of imports remained at a somewhat lower figure.
In value terms, iron oxide pigment imports surged to $4.4M (IndexBox estimates) in November 2022. Over the period under review, total imports indicated a resilient expansion from November 2021 to November 2022: its value increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2022 figures, imports increased by +38.7% against October 2022 indices. The pace of growth appeared the most rapid in March 2022 when imports increased by 43% month-to-month. Imports peaked in November 2022.
Mexico Iron Oxide Pigment Imports by Country
Germany (996 tons), the United States (698 tons) and China (522 tons) were the main suppliers of iron oxide pigment imports to Mexico, with a combined 99% share of total imports.
From November 2021 to November 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +6.1%), while imports for the other leaders experienced mixed trend patterns.
In value terms, Germany ($2.9M) constituted the largest supplier of iron oxide pigment to Mexico, comprising 66% of total imports. The second position in the ranking was taken by China ($760K), with a 17% share of total imports.
From November 2021 to November 2022, the average monthly rate of growth in terms of value from Germany stood at +12.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-1.2% per month) and the United States (-0.1% per month).
This report provides an in-depth analysis of the iron oxide pigment market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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