Mexico: Other Chemical Products Market 2024

Other Chemical Products Market Size in Mexico

In 2022, the Mexican other chemical products market decreased by X% to $X, falling for the second year in a row after five years of growth. Overall, consumption recorded a mild contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Other Chemical Products Exports

Exports from Mexico

In 2022, overseas shipments of other chemical products decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2018 with an increase of X% 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, other chemical products exports stood at $X in 2022. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for other chemical products exports from Mexico, with a X% share of total exports. Moreover, other chemical products exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold. Brazil (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: Chile (X% per year) and Brazil (X% per year).

It was followed by Guatemala, with a X% share.

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

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Guatemala ($X per ton), while the average price for exports to Argentina ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Mexico

In 2022, overseas purchases of other chemical products decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, other chemical products imports totaled $X in 2022. Overall, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of other chemical products to Mexico, with a X% share of total imports. Moreover, other chemical products imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of other chemical products to Mexico, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price saw a measured increase. The growth pace was the most rapid in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Germany ($X per ton), while the price for Canada ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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