Mexico - Prepared Binders For Foundry Moulds Or Cores - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Binders Price in Mexico - 2023
Contents:
- Prepared Binders Price in Mexico (CIF) - 2023
- Prepared Binders Price in Mexico (FOB) - 2022
- Prepared Binders Imports in Mexico
- Prepared Binders Exports in Mexico
Prepared Binders Price in Mexico (CIF) - 2023
The average prepared binders import price stood at $2,586 per ton in June 2023, increasing by 7.1% against the previous month. Overall, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 11% against the previous month. Over the period under review, average import prices hit record highs at $3,259 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($3,239 per ton), while the price for China ($2,040 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Prepared Binders Price in Mexico (FOB) - 2022
The average prepared binders export price stood at $2,625 per ton in July 2022, standing approximately at the previous month. Over the period under review, the export price recorded a perceptible setback. The growth pace was the most rapid in April 2022 an increase of 170% month-to-month. As a result, the export price attained the peak level of $10,604 per ton. From May 2022 to July 2022, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From October 2021 to July 2022, the rate of growth in terms of prices for the United States amounted to -4.2% per month.
Prepared Binders Imports in Mexico
In 2022, the amount of prepared binders for foundry moulds or cores imported into Mexico dropped remarkably to 7.2K tons, shrinking by -17.5% against 2021 figures. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +3.0% 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 +29.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of 8.7K tons, and then reduced dramatically in the following year.
In value terms, prepared binders imports reached $25M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Prepared Binders in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.8 | 12.0 | 13.6 | 15.9 | 4.8% |
| Canada | 2.6 | 2.1 | 3.5 | 4.1 | 16.4% |
| Germany | 1.5 | 1.3 | 2.3 | 2.7 | 21.6% |
| China | N/A | N/A | 0.7 | 0.9 | 28.6% |
| Others | 1.0 | 0.6 | 4.4 | 1.2 | 6.3% |
| Total | 18.9 | 16.0 | 24.6 | 24.8 | 9.5% |
Top Suppliers of Prepared Binders to Mexico in 2022:
- United States (5.6K tons)
- Canada (0.7K tons)
- Germany (0.4K tons)
- China (0.2K tons)
Prepared Binders Exports in Mexico
After three years of growth, shipments abroad of prepared binders for foundry moulds or cores decreased by -7.5% to 375 tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 70% against the previous year.
In value terms, prepared binders exports dropped to $960K in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 110%.
| Export of Prepared Binders in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 122 | 421 | 245 | 357 | 43.0% |
| United States | 166 | 229 | 279 | 192 | 5.0% |
| Honduras | 5.1 | 53.1 | 112 | 114 | 181.7% |
| Egypt | 44.9 | 6.9 | 141 | 96.3 | 29.0% |
| India | 43.5 | 86.5 | 126 | 86.5 | 25.8% |
| Guatemala | 1.7 | 8.1 | 13.8 | 40.9 | 188.7% |
| Cuba | 7.0 | 21.7 | 29.3 | 22.2 | 46.9% |
| Others | 28.0 | 51.4 | 95.9 | 52.1 | 23.0% |
| Total | 418 | 878 | 1,042 | 960 | 31.9% |
Top Export Markets for Prepared Binders from Mexico in 2022:
- Colombia (119.8 tons)
- India (94.6 tons)
- United States (78.0 tons)
- Egypt (35.1 tons)
- Honduras (18.2 tons)
- Guatemala (9.4 tons)
- Cuba (7.4 tons)
This report provides an in-depth analysis of the prepared binders 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 20595720 - Prepared binders for foundry moulds or cores
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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