Mexico: Amino Resin Market 2025

Amino Resin Market Size in Mexico

The Mexican amino resin market skyrocketed to $X in 2022, jumping by 90% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a significant increase. Amino resin consumption peaked in 2022 and is expected to retain growth in years to come.

Amino Resin Exports

Exports from Mexico

In 2022, shipments abroad of amino resins increased by 557% to X tons, rising for the second consecutive year after two years of decline. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 590%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, amino resin exports surged to $X in 2022. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 836%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for amino resin exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +11.6%.

In value terms, the United States ($X) also remains the key foreign market for amino resins exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +15.8%.

Export Prices by Country

The average amino resin export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, posted a slight increase. The pace of growth appeared the most rapid in 2021 an increase of 36%. As a result, the export price reached the peak level of $X per ton, and then fell modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to +13.4% per year.

Amino Resin Imports

Imports into Mexico

In 2022, approx. X tons of amino resins were imported into Mexico; with an increase of 132% on the previous year. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, amino resin imports surged to $X in 2022. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 173%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of amino resin to Mexico, accounting for a 79% share of total imports. Moreover, amino resin imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+76.2% per year) and South Korea (+0.5% per year).

In value terms, the United States ($X) constituted the largest supplier of amino resins to Mexico, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+78.1% per year) and South Korea (+2.9% per year).

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, which is down by -25.1% against the previous year. Over the period under review, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 56%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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