Mexico: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Mexico

The Mexican activated natural mineral products market stood at $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Activated Natural Mineral Products in Mexico

In value terms, activated natural mineral products production rose modestly to $X in 2021 estimated in export price. Overall, production recorded a mild slump. The pace of growth was the most pronounced in 2016 with an increase of 13%. Activated natural mineral products production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Activated Natural Mineral Products

Exports from Mexico

Activated natural mineral products exports from Mexico stood at X tons in 2021, growing by 15% against the previous year's figure. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 60%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, activated natural mineral products exports surged to $X in 2021. Overall, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 55%. 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 activated natural mineral products exports from Mexico, accounting for a 94% share of total exports. It was followed by Colombia (X tons), with a 2.6% share of total exports. The third position in this ranking was held by Peru (X tons), with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-13.7% per year) and Peru (-12.3% per year).

In value terms, the United States ($X) remains the key foreign market for activated natural mineral products exports from Mexico, comprising 94% of total exports. The second position in the ranking was taken by Colombia ($X), with a 2.5% share of total exports. It was followed by Peru, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-12.3% per year) and Peru (-12.7% per year).

Export Prices by Country

The average activated natural mineral products export price stood at $X per ton in 2021, increasing by 4.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 33%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Argentina ($X per ton), while the average price for exports to Peru ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Activated Natural Mineral Products

Imports into Mexico

In 2021, overseas purchases of activated natural mineral products decreased by -16.6% to X tons, falling for the second year in a row after three years of growth. Overall, imports showed a noticeable downturn. The growth pace was the most rapid in 2017 when imports increased by 32% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, activated natural mineral products imports fell markedly to $X in 2021. Over the period under review, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main activated natural mineral products supplier to Mexico, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -2.3%.

In value terms, the United States ($X) constituted the largest supplier of activated natural mineral products to Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

In 2021, the average activated natural mineral products import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 2.4%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.8% per year.

Source: IndexBox Platform

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