Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico - 2023
Contents:
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico (CIF) - 2023
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico (FOB) - 2022
- Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico
- Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico (CIF) - 2023
In October 2023, the average import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes amounted to $8,968 per ton, picking up by 14% against the previous month. Over the period under review, import price indicated modest growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes decreased by -19.0% against July 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 51% m-o-m. Over the period under review, average import prices hit record highs at $11,413 per ton in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11,781 per ton), while the price for Germany ($5,324 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico (FOB) - 2022
The average export price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes stood at $14,473 per ton in 2022, with an increase of 11% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 71%. The export price peaked in 2022 and is likely to see steady growth in years to come.
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 the United States ($15,663 per ton), while the average price for exports to Guatemala ($4,899 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 the United States (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico
In 2022, approx. 3.6K tons of aldehydes; cyclic, without other oxygen function, other than benzaldehydes were imported into Mexico; jumping by 24% on the year before. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.
In value terms, imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes soared to $30M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
| Import of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.7 | 15.1 | 7.9 | 15.6 | 13.4% |
| United States | 4.2 | 2.2 | 2.9 | 4.5 | 2.3% |
| China | 2.8 | 3.6 | 4.1 | 4.2 | 14.5% |
| India | 1.2 | 1.8 | 2.9 | 1.6 | 10.1% |
| Spain | 1.7 | 1.7 | 2.1 | 1.6 | -2.0% |
| United Kingdom | 2.4 | 4.0 | 2.1 | 1.2 | -20.6% |
| Switzerland | 1.9 | 0.8 | 0.7 | 0.8 | -25.0% |
| Germany | 2.5 | 1.5 | 0.5 | 0.1 | -65.8% |
| Others | 0.7 | 0.5 | 0.5 | 0.3 | -24.6% |
| Total | 28.0 | 31.2 | 23.6 | 29.9 | 2.2% |
Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde to Mexico in 2022:
- Japan (1812.7 tons)
- United States (832.9 tons)
- China (375.2 tons)
- India (173.6 tons)
- United Kingdom (158.5 tons)
- Switzerland (104.9 tons)
- Spain (65.2 tons)
- Germany (14.4 tons)
Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico
In 2022, overseas shipments of aldehydes; cyclic, without other oxygen function, other than benzaldehydes decreased by -47.6% to 73 tons, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 69%. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes shrank rapidly to $1.1M in 2022. Overall, exports faced a sharp decline. The pace of growth appeared the most rapid in 2020 when exports increased by 87% against the previous year. As a result, the exports attained the peak of $10M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.7 | 7.9 | 1.5 | 0.9 | -42.4% |
| Brazil | 0.6 | 1.4 | 0.1 | 0.1 | -45.0% |
| Colombia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Argentina | 0.1 | 0.3 | N/A | N/A | 200.0% |
| Guatemala | N/A | 0.1 | N/A | N/A | 0% |
| India | N/A | 0.5 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.5 | 10.3 | 1.8 | 1.1 | -41.5% |
Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde from Mexico in 2022:
- United States (56.0 tons)
- Brazil (8.0 tons)
- Guatemala (4.9 tons)
- Colombia (4.5 tons)
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