Report Update Nov 1, 2024

Mexico - Alkyd Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Alkyd Resins Market 2024

Alkyd Resins Market Size in Mexico

The Mexican alkyd resins market dropped slightly to $X in 2022, reducing by -3.6% against the previous year. In general, consumption showed a mild downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Alkyd Resins Production in Mexico

In value terms, alkyd resins production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Alkyd Resins Exports

Exports from Mexico

Alkyd resins exports from Mexico soared to X tons in 2022, growing by 23% compared with the year before. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, alkyd resins exports surged to $X in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for alkyd resins exports from Mexico, with a 97% share of total exports. It was followed by Guatemala (X tons), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +48.4%.

In value terms, the United States ($X) remains the key foreign market for alkyd resins in primary forms exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +57.3%.

Export Prices by Country

In 2022, the average alkyd resins export price amounted to $X per ton, surging by 78% against the previous year. Over the period under review, the export price recorded a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.0%).

Alkyd Resins Imports

Imports into Mexico

Alkyd resins imports into Mexico skyrocketed to X tons in 2022, increasing by 23% against the previous year's figure. In general, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 85% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, alkyd resins imports expanded sharply to $X in 2022. Over the period under review, imports saw a perceptible increase. The growth pace was the most rapid in 2014 when imports increased by 197% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of alkyd resins to Mexico, with a 94% share of total imports. Moreover, alkyd resins imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.3% per year) and Germany (+5.1% per year).

In value terms, the United States ($X) constituted the largest supplier of alkyd resins in primary forms to Mexico, comprising 90% of total imports. The second position in the ranking was held by Spain ($X), with a 5.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-8.7% per year) and Germany (+9.3% per year).

Import Prices by Country

In 2022, the average alkyd resins import price amounted to $X per ton, which is down by -10.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 61%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alkyd resins in primary forms in the world?

China constituted the country with the largest volume of alkyd resins consumption, accounting for 23% of total volume. Moreover, alkyd resins consumption in China exceeded the figures recorded by the second-largest consumer, Germany, twofold. The third position in this ranking was occupied by the United States, with an 8.5% share.

What are the largest producers of alkyd resins in primary forms in the world?

China constituted the country with the largest volume of alkyd resins production, accounting for 23% of total volume. Moreover, alkyd resins production in China exceeded the figures recorded by the second-largest producer, Germany, twofold. The United States ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of alkyd resins in primary forms to Mexico?

In value terms, the United States constituted the largest supplier of alkyd resins to Mexico, comprising 95% of total imports. The second position in the ranking was occupied by Spain, with a 0.9% share of total imports.

What are the leading importers of alkyd resins in primary forms from Mexico?

In value terms, the United States remains the key foreign market for alkyd resins exports from Mexico, comprising 96% of total exports. The second position in the ranking was occupied by Guatemala, with a 4.5% share of total exports.

What is the average export price for alkyd resins in primary forms in Mexico?

In 2021, the average alkyd resins export price amounted to $1,879 per ton, leveling off at the previous year.

What is the average import price for alkyd resins in primary forms in Mexico?

In 2021, the average alkyd resins import price amounted to $2,586 per ton, rising by 97% against the previous year.

This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, in primary forms

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
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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:

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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