Mexico - Herbicides - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Mexico - Herbicides - Market Analysis, Forecast, Size, Trends and Insights

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Herbicide Price in Mexico - 2023

Contents:

  1. Herbicide Price in Mexico (CIF) - 2022
  2. Herbicide Price in Mexico (FOB) - 2022
  3. Herbicide Imports in Mexico
  4. Herbicide Exports in Mexico

Herbicide Price in Mexico (CIF) - 2022

In 2022, the average herbicide import price amounted to $9,721 per ton, rising by 2.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 18% against the previous year. Over the period under review, average import prices attained the maximum at $10,112 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($9,721 per ton) and the United States ($9,721 per ton), while the price for China ($9,721 per ton) and Germany ($9,721 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Herbicide Price in Mexico (FOB) - 2022

The average herbicide export price stood at $10,680 per ton in 2022, declining by -7.9% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, herbicide export price increased by +14.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $12,113 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($10,680 per ton) and the United States ($10,680 per ton), while the average price for exports to Peru ($10,680 per ton) and the Dominican Republic ($10,680 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports in Mexico

In 2022, overseas purchases of herbicides decreased by -6.1% to 17K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, imports attained the peak of 40K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, herbicide imports declined to $167M in 2022. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 6.4% against the previous year. As a result, imports attained the peak of $342M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Herbicide in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States79.687.644.488.03.4%
China30.238.529.144.914.1%
Germany13.212.912.017.08.8%
Colombia7.414.40.215.126.8%
India8.5N/A1.01.1-49.4%
Israel11.68.4N/AN/A-27.6%
Others17118086.70.5-85.7%
Total321342173167-19.6%

Top Suppliers of Herbicide to Mexico in 2022:

  1. United States (9.1K tons)
  2. China (4.6K tons)
  3. Germany (1.7K tons)
  4. Colombia (1.6K tons)
  5. India (0.1K tons)

Herbicide Exports in Mexico

In 2022, herbicide exports from Mexico fell significantly to 2.3K tons, waning by -47.6% on the previous year's figure. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of -17.7% was in 2020.

In value terms, herbicide exports shrank notably to $25M in 2022. In general, exports faced a dramatic curtailment. The smallest decline of -28.9% was in 2020.

Export of Herbicide in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala8.96.45.36.1-11.8%
United States13.18.72.05.9-23.3%
Peru4.74.45.84.80.7%
Colombia11.67.95.63.7-31.7%
Costa Rica0.61.12.61.122.4%
Honduras3.82.71.20.9-38.1%
Nicaragua0.91.50.60.90.0%
Argentina5.53.9N/AN/A-29.1%
Cuba5.21.8N/AN/A-65.4%
Others62.244.428.21.2-73.2%
Total11682.851.224.7-40.3%

Top Export Markets for Herbicide from Mexico in 2022:

  1. Guatemala (573.0 tons)
  2. United States (548.7 tons)
  3. Peru (450.6 tons)
  4. Colombia (350.3 tons)
  5. Costa Rica (100.6 tons)
  6. Nicaragua (87.9 tons)
  7. Honduras (84.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the herbicide 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 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
  • Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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