Report Update Nov 1, 2024

Mexico - Amino Resins - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Amino Resin Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, together comprising 38% of global consumption. These countries were followed by Indonesia, Brazil, Russia, Belgium, Mexico, Turkey, South Korea, Hungary, Portugal and Germany, which together accounted for a further 32%.

What are the largest producers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the world?

The country with the largest volume of amino resins in primary forms production was China, comprising approx. 29% of total volume. Moreover, amino resins in primary forms production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Japan ranked third in terms of total production with a 6.1% share.

What are the leading suppliers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) to Mexico?

In value terms, the United States constituted the largest supplier of amino resins in primary forms to Mexico, comprising 83% of total imports. The second position in the ranking was occupied by China, with a 5.8% share of total imports.

What are the leading importers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) from Mexico?

In value terms, El Salvador, Peru and Venezuela were the largest markets for amino resins in primary forms exported from Mexico worldwide, together comprising 59% of total exports.

What is the average export price for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in Mexico?

In 2021, the average export price for amino resins in primary forms excluding urea and thiourea resins, melamine resins) amounted to $2,985 per ton, falling by -21.2% against the previous year.

What is the average import price for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in Mexico?

In 2021, the average import price for amino resins in primary forms excluding urea and thiourea resins, melamine resins) amounted to $4,258 per ton, waning by -21.3% against the previous year.

This report provides an in-depth analysis of the amino resin 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 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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