Mexico: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Mexico

The Mexican ethyl acetate market soared to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Ethyl Acetate Production in Mexico

In value terms, ethyl acetate production expanded sharply to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Ethyl acetate production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Ethyl Acetate Exports

Exports from Mexico

In 2023, shipments abroad of ethyl acetate decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, ethyl acetate exports shrank rapidly to $X in 2023. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for ethyl acetate exports from Mexico, accounting for a X% share of total exports. Moreover, ethyl acetate exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for ethyl acetate exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then dropped in the following year.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ethyl Acetate Imports

Imports into Mexico

After three years of decline, overseas purchases of ethyl acetate increased by X% to X tons in 2023. Overall, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, ethyl acetate imports soared to $X in 2023. In general, imports, however, showed a slight decline. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) was the main supplier of ethyl acetate to Mexico, with a X% share of total imports. Moreover, ethyl acetate imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

In value terms, the United States ($X) constituted the largest supplier of ethyl acetate to Mexico, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2023, leveling off at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform