Report Update Apr 1, 2024

Mexico - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in Mexico

The Mexican ethylene glycol market was estimated at $X in 2022, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Ethylene Glycol Exports

Exports from Mexico

In 2022, the amount of ethylene glycol (ethanediol) exported from Mexico amounted to X tons, approximately mirroring the year before. Over the period under review, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 3,510% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethylene glycol exports totaled $X in 2022. Overall, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 2,551% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), El Salvador (X tons) and Colombia (X tons) were the main destinations of ethylene glycol exports from Mexico, with a combined 66% share of total exports. Ecuador, the United States, Bolivia, Canada, Chile and Argentina lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +53.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and El Salvador ($X) were the largest markets for ethylene glycol exported from Mexico worldwide, together comprising 59% of total exports. The United States, Ecuador, Bolivia, Argentina, Chile and Canada lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Ecuador, with a CAGR of +14.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ethylene glycol export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2017 when the average export price increased by 29%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Argentina ($X per ton), while the average price for exports to Canada ($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 Argentina (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

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Ethylene Glycol Imports

Imports into Mexico

In 2022, the amount of ethylene glycol (ethanediol) imported into Mexico totaled X tons, with an increase of 7.5% on the year before. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ethylene glycol imports reduced to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.7% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 55%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United States (X tons) was the main ethylene glycol supplier to Mexico, accounting for a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +11.8%.

In value terms, the United States ($X) constituted the largest supplier of ethylene glycol (ethanediol) to Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +4.8%.

Import Prices by Country

The average ethylene glycol import price stood at $X per ton in 2022, declining by -12.1% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 8.8% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -4.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene glycol (ethanediol) in the world?

China remains the largest ethylene glycol consuming country worldwide, comprising approx. 24% of total volume. Moreover, ethylene glycol consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was taken by Saudi Arabia, with an 8.8% share.

What are the largest producers of ethylene glycol (ethanediol) in the world?

The countries with the highest volumes of production in 2022 were the United States, Saudi Arabia and Canada, with a combined 35% share of global production.

What are the leading suppliers of ethylene glycol (ethanediol) to Mexico?

In value terms, the United States constituted the largest supplier of ethylene glycol ethanediol) to Mexico.

What are the leading importers of ethylene glycol (ethanediol) from Mexico?

In value terms, Brazil, Colombia and El Salvador were the largest markets for ethylene glycol exported from Mexico worldwide, with a combined 59% share of total exports. The United States, Ecuador, Bolivia, Argentina, Chile and Canada lagged somewhat behind, together accounting for a further 35%.

What is the average export price for ethylene glycol (ethanediol) in Mexico?

In 2022, the average ethylene glycol export price amounted to $591 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for ethylene glycol (ethanediol) in Mexico?

The average ethylene glycol import price stood at $567 per ton in 2022, which is down by -12.1% against the previous year.

This report provides an in-depth analysis of the ethylene glycol 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 20142310 - Ethylene glycol (ethanediol)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023