Mexico - Styrene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStyrene Price in Mexico - 2023
Contents:
- Styrene Price in Mexico (CIF) - 2023
- Styrene Price in Mexico (FOB) - 2022
- Styrene Imports in Mexico
- Styrene Exports in Mexico
Styrene Price in Mexico (CIF) - 2023
In August 2023, the average styrene import price amounted to $1,112 per ton, picking up by 5.4% against the previous month. In general, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in May 2023 an increase of 7.2% against the previous month. The import price peaked at $1,368 per ton in September 2022; however, from October 2022 to August 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From September 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to -1.9% per month.
Styrene Price in Mexico (FOB) - 2022
In 2022, the average styrene export price amounted to $811 per ton, remaining stable against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the maximum at $1,515 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($909 per ton), while the average price for exports to Venezuela ($137 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 Netherlands (-3.2%), while the prices for the other major destinations experienced a decline.
Styrene Imports in Mexico
Styrene imports into Mexico declined markedly to 501K tons in 2022, dropping by -19.1% compared with the previous year's figure. Over the period under review, imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of 620K tons, and then contracted sharply in the following year.
In value terms, styrene imports contracted slightly to $742M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. As a result, imports reached the peak of $776M, and then fell in the following year.
| Import of Styrene in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 631 | 517 | 776 | 742 | 5.5% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 631 | 517 | 776 | 742 | 5.5% |
Top Suppliers of Styrene to Mexico in 2022:
- United States (501.5K tons)
Styrene Exports in Mexico
In 2022, exports of styrene from Mexico stood at 89 tons, remaining constant against the previous year. Overall, exports recorded a dramatic decrease. The smallest decline of -14.2% was in 2020.
In value terms, styrene exports stood at $72K in 2022. In general, exports faced a precipitous decline. The smallest decline of -33.6% was in 2020.
| Export of Styrene in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 193 | 130 | N/A | 65.0 | -30.4% |
| Ecuador | 8.4 | 5.7 | N/A | 2.8 | -30.7% |
| Guatemala | 6.6 | 3.4 | N/A | 1.6 | -37.6% |
| Peru | 2.7 | 1.8 | N/A | 0.9 | -30.7% |
| Costa Rica | 2.7 | 0.5 | N/A | 0.6 | -39.4% |
| Others | 4.9 | 3.2 | N/A | 1.5 | -32.6% |
| Total | 218 | 145 | N/A | 72.4 | -30.7% |
Top Export Markets for Styrene from Mexico in 2022:
- United States (71.5 tons)
- Ecuador (7.5 tons)
- Guatemala (3.2 tons)
- Peru (2.1 tons)
- Costa Rica (1.5 tons)
This report provides an in-depth analysis of the styrene 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 20141250 - Styrene
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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