Mexico - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Mexico - 2023
Contents:
- Benzoic Acid Price in Mexico (CIF) - 2023
- Benzoic Acid Price in Mexico (FOB) - 2022
- Benzoic Acid Imports in Mexico
- Benzoic Acid Exports in Mexico
Benzoic Acid Price in Mexico (CIF) - 2023
In June 2023, the average benzoic acid import price amounted to $1,925 per ton, shrinking by -9.2% against the previous month. In general, the import price showed a noticeable contraction. The growth pace was the most rapid in January 2023 an increase of 44% month-to-month. The import price peaked at $3,000 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($3,178 per ton), while the price for China amounted to $1,341 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Estonia (+0.4%), while the prices for the other major suppliers experienced a decline.
Benzoic Acid Price in Mexico (FOB) - 2022
The average benzoic acid export price stood at $3,865 per ton in 2022, surging by 40% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2013 an increase of 48% against the previous year. As a result, the export price reached the peak level of $6,429 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($5,398 per ton), while the average price for exports to Argentina ($3,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.
Benzoic Acid Imports in Mexico
In 2022, imports of benzoic acid, its salts and esters into Mexico shrank to 11K tons, waning by -12.6% against the previous year. Over the period under review, imports showed a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, imports reached the peak of 13K tons, and then fell in the following year.
In value terms, benzoic acid imports rose notably to $30M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Benzoic Acid in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.1 | 5.5 | 11.0 | 12.7 | 27.7% |
| United States | 6.6 | 5.7 | 7.6 | 8.0 | 6.6% |
| Netherlands | 8.3 | 8.5 | 5.1 | 6.6 | -7.4% |
| India | 1.2 | 1.3 | 2.2 | 1.5 | 7.7% |
| Estonia | 0.9 | 0.9 | 0.7 | 0.5 | -17.8% |
| Others | 0.9 | 0.9 | 0.6 | 0.3 | -30.7% |
| Total | 24.0 | 22.8 | 27.3 | 29.7 | 7.4% |
Top Suppliers of Benzoic Acid to Mexico in 2022:
- China (6.1K tons)
- Netherlands (2.5K tons)
- United States (2.2K tons)
- Estonia (0.2K tons)
- India (0.2K tons)
Benzoic Acid Exports in Mexico
In 2022, overseas shipments of benzoic acid, its salts and esters decreased by -87.3% to 32 tons, falling for the second consecutive year after two years of growth. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 104%. As a result, the exports attained the peak of 607 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, benzoic acid exports fell notably to $123K in 2022. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Benzoic Acid in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 583 | 1,132 | 688 | 114 | -42.0% |
| Colombia | 18.1 | 19.1 | 7.6 | 5.7 | -32.0% |
| Argentina | 1.3 | 1.8 | N/A | 3.1 | 33.6% |
| Others | 23.0 | 109 | N/A | N/A | 373.9% |
| Total | 626 | 1,261 | 696 | 123 | -41.9% |
Top Export Markets for Benzoic Acid from Mexico in 2022:
- United States (29.9 tons)
- Colombia (1.1 tons)
- Argentina (0.9 tons)
This report provides an in-depth analysis of the benzoic acid 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 20143363 - Benzoic acid, its salts and esters
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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