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Mexico - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Mexico - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights

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Mar 13, 2023

Mexico's Silicates Prices Experience a 99% Surge, Reaching $3,611 per Ton

Mexico Silicates Import Price in November 2022

In November 2022, the silicates price amounted to $3,611 per ton (CIF, Mexico), surging by 99% against the previous month. In general, the import price recorded a measured expansion. The pace of growth appeared the most rapid in September 2022 an increase of 334% month-to-month. As a result, import price reached the peak level of $4,280 per ton. From October 2022 to November 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Belgium ($5,733 per ton), while the price for China ($1,228 per ton) was amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Mexico Silicates Imports

In November 2022, approximately 176 tons of silicates, commercial alkali metal silicates were imported into Mexico; waning by -48.7% compared with October 2022. Over the period under review, imports, however, showed a modest increase. The most prominent rate of growth was recorded in February 2022 with an increase of 176% m-o-m. Imports peaked at 1.5K tons in August 2022; however, from September 2022 to November 2022, imports failed to regain momentum.

In value terms, silicates imports rose modestly to $635K (IndexBox estimates) in November 2022. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in February 2022 when imports increased by 127% m-o-m. Imports peaked at 1.4K tons in August 2022; however, from September 2022 to November 2022, imports remained at a lower figure.

Mexico Silicates Imports by Country

In November 2022, the United States (154 tons) constituted the largest supplier of silicates to Mexico, accounting for a 88% share of total imports. Moreover, silicates imports from the United States exceeded the figures recorded by the second-largest supplier, China (14 tons), more than tenfold.

From January 2022 to November 2022, the average monthly rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (0.0% per month) and Belgium (-4.8% per month).

In value terms, the United States ($575K) constituted the largest supplier of silicates to Mexico, comprising 90% of total imports. The second position in the ranking was held by Belgium ($43K), with a 6.8% share of total imports.

From January 2022 to November 2022, the average monthly rate of growth in terms of value from the United States totaled +4.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Belgium (-5.0% per month) and China (0.0% per month).

Why are Silicate Prices Rising?

Silicates are a group of minerals that are widely used in various industries, including construction, glass manufacturing, ceramics, and electronics. In recent years, the price of silicates has been steadily increasing in Canada, and there are several reasons for this trend.

One of the primary reasons for the rising price of silicates in Canada is the increasing demand from the construction industry. Silicates are a critical component in the production of cement and concrete. As construction activity increases, so does the demand for silicates, which leads to higher prices.

Additionally, the increasing popularity of electric vehicles (EVs) has also contributed to the rise in silicates prices. Silicates are used in the production of lithium-ion batteries, which power most electric vehicles. As the demand for EVs continues to grow, so does the demand for silicates, which further drives up the price.

Lastly, environmental regulations are also playing a role in the increased price of silicates. Many countries are implementing stricter regulations on mining and production activities to reduce their environmental impact. These regulations often result in higher costs for producers, which are then passed on to consumers.

In conclusion, the rising price of silicates in Canada is driven by several factors, including increasing demand from the construction industry, the growing popularity of electric vehicles, and environmental regulations.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silicates 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 20136240 - Silicates, commercial alkali metal silicates

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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