Waxes; Artificial, Prepared Price in Mexico - 2023
Contents:
- Waxes; Artificial, Prepared Price in Mexico (CIF) - 2023
- Waxes; Artificial, Prepared Price in Mexico (FOB) - 2022
- Waxes; Artificial, Prepared Imports in Mexico
- Waxes; Artificial, Prepared Exports in Mexico
Waxes; Artificial, Prepared Price in Mexico (CIF) - 2023
The average waxes; artificial, prepared import price stood at $3,210 per ton in June 2023, with a decrease of -12.7% against the previous month. Overall, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in July 2022 an increase of 415% m-o-m. As a result, import price reached the peak level of $27,620 per ton. From August 2022 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Malaysia ($5,339 per ton), while the price for China ($2,680 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 Malaysia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Mexico (FOB) - 2022
In 2022, the average waxes; artificial, prepared export price amounted to $5,759 per ton, shrinking by -13.4% against the previous year. In general, the export price, however, saw prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 57% against the previous year. The export price peaked at $6,651 per ton in 2021, and then declined in the following year.
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 Costa Rica ($7,590 per ton), while the average price for exports to Brazil ($4,520 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 (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Mexico
Waxes; artificial, prepared imports into Mexico soared to 17K tons in 2022, growing by 452% against the previous year. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, waxes; artificial, prepared imports skyrocketed to $108M in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 47%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Waxes; Artificial, Prepared in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 39.9 | 36.6 | 48.4 | 70.5 | 20.9% |
| Germany | 5.6 | 5.5 | 7.1 | 10.3 | 22.5% |
| China | 0.8 | 1.2 | 7.0 | 10.2 | 133.6% |
| Malaysia | 1.4 | 1.1 | 2.4 | 3.5 | 35.7% |
| Spain | 0.7 | 0.6 | 1.1 | 1.5 | 28.9% |
| Others | 3.9 | 5.1 | 8.0 | 11.7 | 44.2% |
| Total | 52.3 | 50.2 | 73.9 | 108 | 27.3% |
Top Suppliers of Waxes; Artificial, Prepared to Mexico in 2022:
- United States (12.8K tons)
- Germany (1.1K tons)
- Malaysia (1.0K tons)
- China (0.6K tons)
- Spain (0.5K tons)
Waxes; Artificial, Prepared Exports in Mexico
After two years of decline, shipments abroad of waxes; artificial, prepared increased by 66% to 3.5K tons in 2022. Overall, exports, however, showed a dramatic decline.
In value terms, waxes; artificial, prepared exports surged to $20M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern.
| Export of Waxes; Artificial, Prepared in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.1 | 7.4 | 7.4 | 11.0 | -5.7% |
| Brazil | 2.4 | 2.9 | 2.4 | 3.0 | 7.7% |
| Guatemala | 0.3 | 0.3 | 1.2 | 1.5 | 71.0% |
| Costa Rica | 0.5 | 0.4 | 0.6 | 0.7 | 11.9% |
| Colombia | 0.6 | 0.5 | 0.6 | 0.7 | 5.3% |
| Ecuador | 0.7 | 0.4 | 0.5 | 0.6 | -5.0% |
| China | 0.1 | 1.0 | 0.1 | 0.5 | 71.0% |
| Argentina | 0.3 | 0.5 | 0.1 | 0.4 | 10.1% |
| Spain | 0.4 | 0.4 | N/A | N/A | 0.0% |
| Others | 1.8 | 1.0 | 1.1 | 1.7 | -1.9% |
| Total | 20.3 | 14.8 | 14.0 | 20.2 | -0.2% |
Top Export Markets for Waxes; Artificial, Prepared from Mexico in 2022:
- United States (1850.4 tons)
- Brazil (672.2 tons)
- Guatemala (287.7 tons)
- Colombia (134.1 tons)
- Ecuador (121.8 tons)
- Costa Rica (96.1 tons)
- China (92.9 tons)
- Argentina (70.9 tons)
461
This report provides an in-depth analysis of the polyethylene glycol wax market in Mexico.
549
This report provides an in-depth analysis of the global polyethylene glycol wax market.
461
This report provides an in-depth analysis of the polyethylene glycol wax market in Mexico.
549
This report provides an in-depth analysis of the global polyethylene glycol wax market.
806
In value terms, artificial, prepared waxes imports totaled $X in 2016. Overall, it indicated a significant increase from 2007 to 2016: the total imports value increased at an average annual rate of...
795
In value terms, artificial, prepared waxes exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicate...
806
In value terms, artificial, prepared waxes imports totaled $X in 2016. Overall, it indicated a significant increase from 2007 to 2016: the total imports value increased at an average annual rate of...
795
In value terms, artificial, prepared waxes exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicate...
