Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico (CIF) - 2023
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico (CIF) - 2023

In October 2023, the average import price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $21,165 per ton, falling by -24.8% against the previous month. In general, import price indicated a moderate increase from November 2022 to October 2023: its price increased at an average monthly rate of +2.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for polymers, natural; alginic acid, its salts and esters, in primary formses increased by +19.3% against July 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 49% month-to-month. As a result, import price reached the peak level of $28,138 per ton, and then fell markedly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($30,434 per ton), while the price for China ($8,582 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Norway (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico (FOB) - 2022

The average export price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $3,618 per ton in 2022, which is down by -33.3% against the previous year. Overall, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 219%. Over the period under review, the average export prices reached the peak figure at $7,084 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,261 per ton), while the average price for exports to Indonesia ($2,764 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 (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico

In 2022, the amount of polymers, natural; alginic acid, its salts and esters, in primary formses imported into Mexico reduced to 374 tons, shrinking by -5.8% on the previous year. Over the period under review, imports saw a deep setback.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses expanded significantly to $6M in 2022. In general, imports saw a relatively flat trend pattern.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Mexico in 2022:

1. France (152.9 tons)
2. China (143.6 tons)
3. United States (49.4 tons)
4. Norway (23.8 tons)
5. Japan (4.6 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Mexico

In 2022, approx. 120 tons of polymers, natural; alginic acid, its salts and esters, in primary formses were exported from Mexico; jumping by 206% compared with the previous year's figure. Overall, 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, exports of polymers, natural; alginic acid, its salts and esters, in primary formses soared to $435K in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 104%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Mexico in 2022:

1. Chile (75.8 tons)
2. Indonesia (36.2 tons)
3. United States (6.1 tons)
4. Nicaragua (0.5 tons)

Source: IndexBox Market Intelligence Platform