Mexico: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Mexico

In 2021, the Mexican amine-function compounds market increased by 11% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a slight decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Amine-Function Compounds Production in Mexico

In value terms, amine-function compounds production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild downturn. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. Amine-function compounds production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Amine-Function Compounds Exports

Exports from Mexico

In 2021, amine-function compounds exports from Mexico expanded notably to X tons, surging by 9.7% on the year before. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 13%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, amine-function compounds exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Brazil (X tons) and Argentina (X tons) were the main destinations of amine-function compounds exports from Mexico, with a combined 86% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +28.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for amine-function compounds exports from Mexico, comprising 40% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Brazil, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+40.7% per year) and Brazil (+10.0% per year).

Export Prices by Country

In 2021, the average amine-function compounds export price amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($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 Germany (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Mexico

In 2021, purchases abroad of amine-function compounds was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 34% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, amine-function compounds imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 28%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and India (X tons) were the main suppliers of amine-function compounds imports to Mexico, with a combined 86% share of total imports. Germany and Japan lagged somewhat behind, together accounting for a further 7.1%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +9.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest amine-function compounds suppliers to Mexico were the United States ($X), China ($X) and Germany ($X), together accounting for 82% of total imports. These countries were followed by India and Japan, which together accounted for a further 9.9%.

In terms of the main suppliers, Japan, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, 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 amine-function compounds import price amounted to $X per ton, increasing by 5.9% against the previous year. Overall, the import price recorded modest growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 7% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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