Mexico - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in Mexico - 2023
Contents:
- Argon Price in Mexico (CIF) - 2023
- Argon Price in Mexico (FOB) - 2022
- Argon Imports in Mexico
- Argon Exports in Mexico
Argon Price in Mexico (CIF) - 2023
In June 2023, the average argon import price amounted to $1.9 per cubic meter, growing by 20% against the previous month. Over the period under review, the import price posted a modest increase. The pace of growth was the most pronounced in May 2023 an increase of 27% month-to-month. Over the period under review, average import prices hit record highs in June 2023.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.8% per month.
Argon Price in Mexico (FOB) - 2022
In 2022, the average argon export price amounted to $2.4 per cubic meter, jumping by 62% against the previous year. In general, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 87%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, 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 +14.4% per year.
Argon Imports in Mexico
For the third year in a row, Mexico recorded decline in overseas purchases of argon, which decreased by -16.1% to 14M cubic meters in 2022. Overall, imports showed a precipitous contraction. The smallest decline of -12.9% was in 2021. Imports peaked at 36M cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, argon imports reduced markedly to $6M in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked at $7.6M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Argon in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.5 | 6.3 | 7.4 | 6.0 | -7.2% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 7.6 | 6.4 | 7.5 | 6.0 | -7.6% |
Top Suppliers of Argon to Mexico in 2022:
- United States (14.3M cubic meters)
Argon Exports in Mexico
After three years of growth, shipments abroad of argon decreased by -98.6% to 10K cubic meters in 2022. Overall, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 85%. Over the period under review, the exports hit record highs at 726K cubic meters in 2021, and then shrank dramatically in the following year.
In value terms, argon exports declined remarkably to $25K in 2022. Over the period under review, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2020 with an increase of 114%. The exports peaked at $1.1M in 2021, and then dropped significantly in the following year.
| Export of Argon in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.1 | 5.1 | 15.9 | 24.5 | 34.4% |
| Colombia | N/A | 33.8 | 62.1 | N/A | 83.7% |
| Guatemala | 224 | 444 | 310 | N/A | 17.6% |
| El Salvador | 116 | 313 | 530 | N/A | 113.8% |
| Others | 86.5 | 137 | 136 | N/A | 25.4% |
| Total | 436 | 932 | 1,054 | 24.5 | -61.7% |
Top Export Markets for Argon from Mexico in 2022:
- United States (10.4K cubic meters)
This report provides an in-depth analysis of the argon 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.
Product coverage:
- Prodcom 20111120 - Argon
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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