Mexico: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Mexico

In 2022, the Mexican aromatic alcohols market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aromatic Alcohols Production in Mexico

In value terms, aromatic alcohols production plummeted to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Aromatic alcohols production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aromatic Alcohols Exports

Exports from Mexico

In 2022, exports of aromatic alcohols and their derivatives from Mexico totaled X tons, increasing by X% against the previous year. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aromatic alcohols exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for aromatic alcohols exports from Mexico, with a X% share of total exports. Moreover, aromatic alcohols exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Switzerland (X% per year).

In value terms, the largest markets for aromatic alcohols exported from Mexico were the United States ($X), Guatemala ($X) and Taiwan (Chinese) ($X), together accounting for X% of total exports.

Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aromatic alcohols export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($X per ton), while the average price for exports to Costa Rica ($X 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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Alcohols Imports

Imports into Mexico

In 2022, aromatic alcohols imports into Mexico skyrocketed to X tons, increasing by X% on the year before. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, aromatic alcohols imports soared to $X in 2022. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aromatic alcohols to Mexico, accounting for a X% share of total imports. Moreover, aromatic alcohols imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of aromatic alcohols and their derivatives to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average aromatic alcohols import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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