Mexico: Petroleum Market 2020

Petroleum Market Size in Mexico

The revenue of the petroleum market in Mexico amounted to $X in 2017, coming down by -X% against the previous year. In general, petroleum consumption continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2011, when market value increased by X% against the previous year. Mexico petroleum consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Petroleum Production in Mexico

In 2017, petroleum production in Mexico amounted to X tonnes, declining by -X% against the previous year. Overall, petroleum production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2011, when it surged by -X% y-o-y. Over the period under review, the petroleum production reached its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Petroleum Exports from Mexico

In 2017, petroleum exports from Mexico stood at X tonnes, dropping by -X% against the previous year. Overall, petroleum exports continue to indicate an abrupt slump. The growth pace was the most rapid in 2008, with an increase of X% y-o-y. In that year, the petroleum exports attained their peak volume of X tonnes. From 2009 to 2017, growth of the petroleum exports failed to regain its momentum.

In value terms, petroleum exports amounted to $X in 2017. Overall, petroleum exports continue to indicate a drastic contraction. In that year, the petroleum exports attained their peak level of $X. From 2009 to 2017, growth of the petroleum exports stood at a somewhat lower level.

Petroleum Exports by Country from Mexico

In 2017, the U.S. (X tonnes), followed by Russia (X tonnes), Singapore (X tonnes), the Netherlands (X tonnes), South Korea (X tonnes) and India (X tonnes) represented the largest exporters of petroleum, together making up X% of total exports. China (X tonnes), Belgium (X tonnes), Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Canada (X tonnes) and Malaysia (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Russia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2017, together comprising X% of total exports.

The U.S. (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Mexico

The petroleum export price in Mexico stood at $X per tonne in 2017, surging by X% against the previous year. In general, petroleum export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% y-o-y. Over the period under review, the export prices for petroleum reached its maximum level of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was the United Arab Emirates ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Mexico

In 2017, petroleum imports into Mexico amounted to X tonnes, jumping by X% against the previous year. In general, petroleum imports continue to indicate a remarkable growth. The pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. Mexico imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, petroleum imports amounted to $X in 2017. Overall, the total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the petroleum imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Petroleum Imports by Country into Mexico

The U.S. (X tonnes) and Singapore (X tonnes) represented roughly X% of total imports of petroleum in 2017. It was followed by the Netherlands (X tonnes), achieving X% share of total imports. Mexico (X tonnes), Belgium (X tonnes), Germany (X tonnes), Malaysia (X tonnes), France (X tonnes), China (X tonnes), the UK (X tonnes), Indonesia (X tonnes) and Canada (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Singapore ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2017, together comprising X% of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries , Malaysia (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Mexico

The petroleum import price in Mexico stood at $X per tonne in 2017, picking up by X% against the previous year. Overall, petroleum import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2010, when the import prices increased by X% year-to-year. Mexico import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per tonne) and Germany ($X per tonne), while China ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform