Mexico: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Mexico

The Mexican acid and mordant dye market surged to $X in 2021, picking up by 43% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Mexico

In value terms, acid and mordant dye production surged to $X in 2021 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 53% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Mexico

In 2021, the amount of acid and mordant dyes and preparations based thereon exported from Mexico contracted sharply to X tons, which is down by -66.9% on 2020. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 155%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, acid and mordant dye exports declined sharply to $X in 2021. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 90% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for acid and mordant dye exports from Mexico, accounting for a 44% share of total exports. Moreover, acid and mordant dye exports to the United States exceeded the volume sent to the second major destination, Panama (X tons), fivefold. The third position in this ranking was held by Guatemala (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+11.7% per year) and Guatemala (-3.8% per year).

In value terms, the United States ($X) emerged as the key foreign market for acid and mordant dyes and preparations based thereon exports from Mexico, comprising 41% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 9.8% share of total exports. It was followed by Colombia, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+5.4% per year) and Colombia (+2.4% per year).

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, jumping by 76% against the previous year. Over the period under review, the export price saw a slight expansion. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Mexico

In 2021, supplies from abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, acid and mordant dye imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of acid and mordant dye to Mexico, accounting for a 59% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.0% per year) and Spain (-0.6% per year).

In value terms, the largest acid and mordant dye suppliers to Mexico were India ($X), the United States ($X) and Spain ($X), together accounting for 76% of total imports.

India, with a CAGR of +7.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average acid and mordant dye import price amounted to $X per ton, waning by -5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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