Phenols; Phenol-Alcohols Price in Mexico - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Mexico (CIF) - 2022
- Phenols; Phenol-Alcohols Price in Mexico (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Mexico
- Phenols; Phenol-Alcohols Exports in Mexico
Phenols; Phenol-Alcohols Price in Mexico (CIF) - 2022
The average phenols; phenol-alcohols import price stood at $38,089 per ton in 2022, shrinking by -4.4% against the previous year. Over the period under review, the import price, however, showed a significant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 1,555%. Over the period under review, average import prices attained the maximum at $83,786 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($112,267 per ton), while the price for Russia ($4,987 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in Mexico (FOB) - 2022
In 2022, the average phenols; phenol-alcohols export price amounted to $1,752 per ton, shrinking by -12.1% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price decreased by -6.3% against the previous year. The export price peaked at $10,197 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($2,827 per ton), while the average price for exports to the United States amounted to $1,637 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.
Phenols; Phenol-Alcohols Imports in Mexico
In 2022, phenols; phenol-alcohols imports into Mexico expanded notably to 2.3K tons, increasing by 11% on the previous year. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 206%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, phenols; phenol-alcohols imports rose markedly to $88M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Phenols; Phenol-Alcohols in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.1 | 37.8 | 63.7 | 64.1 | 7.8% |
| India | 3.1 | 2.9 | 3.7 | 5.6 | 21.8% |
| Russia | 2.5 | 2.2 | 1.9 | 1.5 | -15.7% |
| Others | 13.8 | 14.3 | 13.9 | 17.2 | 7.6% |
| Total | 70.5 | 57.2 | 83.2 | 88.4 | 7.8% |
Top Suppliers of Phenols; Phenol-Alcohols to Mexico in 2022:
- United States (1877.3 tons)
- Russia (298.7 tons)
- India (50.0 tons)
Phenols; Phenol-Alcohols Exports in Mexico
In 2022, exports of phenols; phenol-alcoholses from Mexico surged to 664 tons, increasing by 1,311% on the previous year. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, phenols; phenol-alcohols exports soared to $1.2M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phenols; Phenol-Alcohols in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 101 | 337 | 77.3 | 996 | 114.4% |
| Peru | 159 | 164 | N/A | 152 | -1.5% |
| Guatemala | 65.8 | 82.8 | N/A | N/A | 25.8% |
| Costa Rica | N/A | 110 | N/A | N/A | 0% |
| Colombia | N/A | 208 | N/A | N/A | 0% |
| Others | 95.6 | 248 | 16.5 | 14.6 | -46.5% |
| Total | 422 | 1,149 | 93.7 | 1,162 | 40.2% |
Top Export Markets for Phenols; Phenol-Alcohols from Mexico in 2022:
- United States (608.5 tons)
- Peru (53.7 tons)
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