Price for Dyes; Pigments and Preparations Based Thereon in Mexico - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Mexico (CIF) - 2023
- Price for Dyes; Pigments and Preparations Based Thereon in Mexico (FOB) - 2023
- Imports of Dyes; Pigments and Preparations Based Thereon in Mexico
- Exports of Dyes; Pigments and Preparations Based Thereon in Mexico
Price for Dyes; Pigments and Preparations Based Thereon in Mexico (CIF) - 2023
The average import price for dyes; pigments and preparations based therea stood at $10,209 per ton in December 2023, surging by 21% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $11,221 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($25,934 per ton), while the price for China ($6,989 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Mexico (FOB) - 2023
In December 2023, the average export price for dyes; pigments and preparations based therea amounted to $10,733 per ton, shrinking by -12.4% against the previous month. In general, the export price showed a slight contraction. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 17% against the previous month. The export price peaked at $13,467 per ton in June 2023; however, from July 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was El Salvador ($27,572 per ton), while the average price for exports to the United States ($9,364 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Dyes; Pigments and Preparations Based Thereon in Mexico
Imports of dyes; pigments and preparations based therea into Mexico shrank to 13K tons in 2022, waning by -6.2% on the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 40%. As a result, imports reached the peak of 14K tons, and then fell in the following year.
In value terms, imports of dyes; pigments and preparations based therea rose to $133M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Dyes; Pigments and Preparations Based Thereon in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 43.8 | 39.0 | 42.0 | 41.4 | -1.9% |
| China | 25.6 | 22.8 | 34.8 | 36.6 | 12.7% |
| India | 18.7 | 15.0 | 22.3 | 23.1 | 7.3% |
| Germany | 14.0 | 13.1 | 13.9 | 16.2 | 5.0% |
| South Korea | 2.4 | 4.1 | 2.7 | 3.6 | 14.5% |
| Canada | 2.9 | 2.4 | 1.7 | 2.6 | -3.6% |
| Spain | 2.1 | 2.2 | 2.4 | 1.3 | -14.8% |
| Others | 7.4 | 6.6 | 6.4 | 8.1 | 3.1% |
| Total | 117 | 105 | 126 | 133 | 4.4% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Mexico in 2022:
- China (4.5K tons)
- United States (4.3K tons)
- India (2.4K tons)
- Germany (0.6K tons)
- South Korea (0.3K tons)
- Canada (0.2K tons)
- Spain (0.1K tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Mexico
In 2022, overseas shipments of dyes; pigments and preparations based therea decreased by -1.2% to 4.2K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year. As a result, the exports reached the peak of 4.2K tons; afterwards, it flattened through to 2022.
In value terms, exports of dyes; pigments and preparations based therea rose slightly to $46M in 2022. The total export value increased at an average annual rate of +8.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Dyes; Pigments and Preparations Based Thereon in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.9 | 22.1 | 31.0 | 31.9 | 17.0% |
| Colombia | 3.3 | 2.3 | 3.5 | 3.6 | 2.9% |
| Guatemala | 2.3 | 2.6 | 3.2 | 2.6 | 4.2% |
| Costa Rica | 0.9 | 1.0 | 1.0 | 1.7 | 23.6% |
| Dominican Republic | 0.7 | 1.3 | 1.6 | 1.7 | 34.4% |
| El Salvador | 1.2 | 1.2 | 1.7 | 1.4 | 5.3% |
| Brazil | 1.6 | 2.9 | 0.9 | 0.8 | -20.6% |
| Germany | 1.0 | 1.9 | N/A | 0.3 | -33.1% |
| Others | 5.0 | 3.1 | 1.8 | 1.9 | -27.6% |
| Total | 35.8 | 38.4 | 44.7 | 45.9 | 8.6% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Mexico in 2022:
- United States (3455.4 tons)
- Guatemala (193.6 tons)
- Colombia (111.4 tons)
- Dominican Republic (79.3 tons)
- El Salvador (74.6 tons)
- Costa Rica (66.6 tons)
- Brazil (64.5 tons)
- Germany (5.8 tons)
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