Mexico: Basic Dye Market 2024

Basic Dye Market Size in Mexico

For the third consecutive year, the Mexican basic dye market recorded decline in sales value, which decreased by -42.9% to $X in 2021. In general, consumption recorded a deep setback. Basic dye consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Basic Dye Production in Mexico

In value terms, basic dye production fell modestly to $X in 2021 estimated in export price. In general, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 31% against the previous year. Basic dye production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Basic Dye Exports

Exports from Mexico

Basic dye exports from Mexico surged to X tons in 2021, with an increase of 33% against the year before. Over the period under review, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, basic dye exports declined markedly to $X in 2021. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for basic dye exports from Mexico, with a 81% share of total exports. Moreover, basic dye exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), ninefold. The third position in this ranking was taken by Brazil (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-21.3% per year) and Brazil (-0.3% per year).

In value terms, the United States ($X) remains the key foreign market for basic dyes and preparations based thereon exports from Mexico, comprising 65% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by Brazil, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-19.6% per year) and Brazil (+6.5% per year).

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, falling by -41.7% against the previous year. Overall, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2016 an increase of 48%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the 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 Germany ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Mexico

In 2021, imports of basic dyes and preparations based thereon into Mexico rose to X tons, growing by 3.6% compared with 2020 figures. In general, imports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2015 with an increase of 22% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, basic dye imports reached $X in 2021. Over the period under review, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 20%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of basic dye to Mexico, with a 59% share of total imports. Moreover, basic dye imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.6% per year) and the United States (+0.2% per year).

In value terms, the largest basic dye suppliers to Mexico were China ($X), India ($X) and the United States ($X), with a combined 97% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +9.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average basic dye import price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 8.5%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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