Mexico: Pyrites Market 2022

Pyrites Market Size in Mexico

For the seventh year in a row, the Mexican pyrites market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption continues to indicate prominent growth. Pyrites consumption peaked in 2021 and is expected to retain growth in the immediate term.

Pyrites Exports

Exports from Mexico

In 2021, overseas shipments of pyrites decreased by -X% to X kg for the first time since 2018, thus ending a two-year rising trend. Overall, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X kg. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pyrites exports fell to $X in 2021. In general, exports showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X kg) was the main destination for pyrites exports from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled +X%.

In value terms, Canada ($X) also remains the key foreign market for pyrites exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +X%.

Export Prices by Country

The average pyrites export price stood at $X per tonne in 2021, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +X% per year.

Pyrites Imports

Imports into Mexico

For the sixth year in a row, Mexico recorded growth in overseas purchases of pyrites, which increased by X% to X tonnes in 2021. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, pyrites imports totaled $X in 2021. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tonnes) constituted the largest supplier of pyrites to Mexico, accounting for a X% share of total imports. Moreover, pyrites imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), threefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

Import Prices by Country

The average pyrites import price stood at $X per tonne in 2021, dropping by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per tonne in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform