Mexico - Monophenols - Market Analysis, Forecast, Size, Trends And Insights
Mexico's Monophenols Price reaches a low of $1,688 per Ton
Mexico Monophenols Import Price in November 2022
In November 2022, the monophenols price stood at $1,688 per ton (CIF, Mexico), reducing by -50.2% against the previous month. Over the period under review, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in February 2022 an increase of 79% against the previous month. Over the period under review, average import prices attained the peak figure at $3,751 per ton in September 2022; however, from October 2022 to November 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,483 per ton), while the price for the United States stood at $1,505 per ton.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%).
Mexico Monophenols Imports
In November 2022, the amount of monophenols imported into Mexico soared to 2.2K tons, rising by 178% against October 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 with an increase of 369% month-to-month. As a result, imports reached the peak of 3K tons. From April 2022 to November 2022, the growth of imports failed to regain momentum.
In value terms, monophenols imports skyrocketed to $3.7M (IndexBox estimates) in November 2022. Over the period under review, imports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in March 2022 with an increase of 202% m-o-m. As a result, imports attained the peak of $6.7M. From April 2022 to November 2022, the growth of imports remained at a somewhat lower figure.
Mexico Monophenols Imports by Country
In November 2022, the United States (2.1K tons) was the main supplier of monophenols to Mexico, accounting for a 97% share of total imports. It was followed by Germany (64 tons), with a 2.9% share of total imports. From January 2022 to November 2022, the average monthly rate of growth in terms of volume from the United States was relatively modest.
In value terms, the United States ($3.2M) constituted the largest supplier of monophenols to Mexico, comprising 86% of total imports. The second position in the ranking was held by Germany ($412K), with an 11% share of total imports. From January 2022 to November 2022, the average monthly growth rate of value from the United States amounted to -2.8%.
Why do the Prices of Monophenols Fall?
This price decline is being attributed to a combination of factors, such as oversupply, sluggish demand, and intense competition from other producers. The slump has been particularly hard on smaller players, who are struggling to survive in the current market conditions. However, some industry observers are optimistic that the downturn will not last forever, pointing to a recent rebound in raw material costs and signs of growing demand from key export markets. Despite the challenges, many producers are confident in the long-term potential of the monophenols sector and are working to innovate and diversify their product offerings to stay competitive.
This report provides an in-depth analysis of the monophenols 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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