Mexico: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Mexico

The Mexican anti-freezing preparations market skyrocketed to $X in 2021, picking up by 50% 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). In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.3% against 2019 indices. Anti-freezing preparations consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Anti-Freezing Preparations Exports

Exports from Mexico

In 2021, shipments abroad of anti-freezing preparations and prepared de-icing fluids increased by 142% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 172%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, anti-freezing preparations exports surged to $X in 2021. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 172% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Peru (X tons) was the main destination for anti-freezing preparations exports from Mexico, with a 39% share of total exports. Moreover, anti-freezing preparations exports to Peru exceeded the volume sent to the second major destination, Bolivia (X tons), fivefold. The third position in this ranking was held by the Dominican Republic (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+17.7% per year) and the Dominican Republic (+56.9% per year).

In value terms, Peru ($X) remains the key foreign market for anti-freezing preparations and prepared de-icing fluids exports from Mexico, comprising 38% of total exports. The second position in the ranking was taken by Chile ($X), with an 8.7% share of total exports. It was followed by the Dominican Republic, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru totaled +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+9.8% per year) and the Dominican Republic (+50.2% per year).

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, dropping by -5.8% against the previous year. Overall, the export price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 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, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($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 Panama (+4.5%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Mexico

In 2021, the amount of anti-freezing preparations and prepared de-icing fluids imported into Mexico soared to X tons, increasing by 84% compared with the previous year. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main anti-freezing preparations supplier to Mexico, accounting for a 93% share of total imports. Moreover, anti-freezing preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +14.5%.

In value terms, the United States ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Mexico, comprising 78% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -2.8%.

Import Prices by Country

In 2021, the average anti-freezing preparations import price amounted to $X per ton, which is down by -28% against the previous year. Overall, the import price faced a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 1.1% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.6%).

Source: IndexBox Platform

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