Mexico: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Mexico

The Mexican antimony ore and concentrate market fell remarkably to $X in 2021, declining by -27% against the previous year. In general, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Production of Antimony Ores and Concentrates in Mexico

In value terms, antimony ore and concentrate production fell remarkably to $X in 2021 estimated in export price. Overall, production posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 493% against the previous year. As a result, production reached the peak level of $X, and then declined markedly in the following year.

Exports of Antimony Ores and Concentrates

Exports from Mexico

For the fifth consecutive year, Mexico recorded growth in overseas shipments of antimony ores and concentrates, which increased by 97% to X tons in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 8,299%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, antimony ore and concentrate exports surged to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 9,318%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Vietnam (X tons), China (X tons) and the United States (X tons) were the main destinations of antimony ore and concentrate exports from Mexico, with a combined 61% 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 Vietnam (with a CAGR of +42.1%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for antimony ores and concentrates exports from Mexico, comprising 45% of total exports. The second position in the ranking was taken by China ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+18.0% per year) and the United States (+27.3% per year).

Export Prices by Country

In 2021, the average antimony ore and concentrate export price amounted to $X per ton, reducing by -8.9% against the previous year. Over the period under review, the export price, however, saw moderate growth. The most prominent rate of growth was recorded in 2017 an increase of 78%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+23.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Antimony Ores and Concentrates

Imports into Mexico

Antimony ore and concentrate imports into Mexico shrank rapidly to X tons in 2021, dropping by -19.2% on the year before. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 170%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, antimony ore and concentrate imports reduced remarkably to $X in 2021. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 52%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of antimony ore and concentrate imports to Mexico, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of -2.0%), while imports for the other leaders experienced a decline.

In value terms, Austria ($X), Italy ($X) and the United States ($X) constituted the largest antimony ore and concentrate suppliers to Mexico, with a combined 100% share of total imports.

Among the main suppliers, Austria, with a CAGR of +11.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average antimony ore and concentrate import price stood at $X per ton in 2021, waning by -9.8% against the previous year. Over the period under review, the import price, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 124%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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