Mexico: Market for Antimony and Articles Thereof 2024

Market Size for Antimony and Articles Thereof in Mexico

In 2022, the Mexican antimony and articles thereof market increased by 1,260,908% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a sharp slump. Antimony and articles thereof consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Antimony and Articles Thereof in Mexico

In value terms, antimony and articles thereof production amounted to $X in 2022 estimated in export price. Overall, production saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with a decrease of -30.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Antimony and Articles Thereof

Exports from Mexico

In 2022, approx. X tons of antimony and articles thereof were exported from Mexico; approximately equating 2021 figures. Overall, exports showed a precipitous decrease. The smallest decline of -25.2% was in 2014. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, antimony and articles thereof exports totaled $X in 2022. In general, exports recorded a deep setback. The growth pace was the most rapid in 2014 when exports increased by 82%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for antimony and articles thereof exports from Mexico, with a 75% share of total exports. Moreover, antimony and articles thereof exports to China exceeded the volume sent to the second major destination, India (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to China stood at -21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-43.4% per year) and the United States (-21.3% per year).

From 2012 to 2022, 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: China (-10.3% per year) and India (-32.4% per year).

Export Prices by Country

In 2022, the average antimony and articles thereof export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price posted significant growth. The growth pace was the most rapid in 2014 when the average export price increased by 144% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Antimony and Articles Thereof

Imports into Mexico

In 2022, approx. X tons of antimony and articles thereof were imported into Mexico; therefore, remained relatively stable against the previous year. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2018 when imports increased by 133%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, antimony and articles thereof imports amounted to $X in 2022. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 138%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Bolivia (X tons) and China (X tons) were the main suppliers of antimony and articles thereof imports to Mexico, together accounting for 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of antimony and articles thereof to Mexico, comprising 49% of total imports. The second position in the ranking was held by Bolivia ($X), with a 24% share of total imports. It was followed by China, with a 20% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (-7.9% per year) and China (-27.7% per year).

Import Prices by Country

In 2022, the average antimony and articles thereof import price amounted to $X per ton, flattening at the previous year. Overall, the import price showed a slight reduction. The growth pace was the most rapid in 2020 when the average import price increased by 7.7% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform