Report Update Nov 1, 2024

Mexico - Biodiesel - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Biodiesel Market 2024

Biodiesel Market Size in Mexico

In 2021, the Mexican biodiesel market increased by 315% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a significant increase. Biodiesel consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Biodiesel Exports

Exports from Mexico

In 2021, after three years of growth, there was significant decline in shipments abroad of biodiesel, when their volume decreased by -22.4% to X tons. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 98%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, biodiesel exports dropped rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2015 when exports increased by 111% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for biodiesel exports from Mexico, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +12.9%.

In value terms, Canada ($X) also remains the key foreign market for biodiesel exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +10.5%.

Export Prices by Country

In 2021, the average biodiesel export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 51%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +23.1% per year.

Biodiesel Imports

Imports into Mexico

In 2021, purchases abroad of biodiesel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 778%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, biodiesel imports skyrocketed to $X in 2021. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 698%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main biodiesel supplier to Mexico, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +66.3%.

In value terms, the United States ($X) constituted the largest supplier of biodiesel to Mexico.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +59.1%.

Import Prices by Country

The average biodiesel import price stood at $X per ton in 2021, dropping by -47.6% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for biodiesel in the world?

The countries with the highest volumes of biodiesel consumption in 2020 were Indonesia, the U.S. and Brazil, together comprising 44% of global consumption. France, Germany, Italy, Thailand, Spain, the UK, Argentina, the Netherlands, Malaysia and Poland lagged somewhat behind, together comprising a further 38%.

What are the largest producers of biodiesel in the world?

The countries with the highest volumes of biodiesel production in 2020 were Indonesia, the U.S. and Brazil, together comprising 43% of global production. Germany, France, Spain, the Netherlands, Thailand, Argentina, Malaysia, Italy, China and Poland lagged somewhat behind, together accounting for a further 40%.

What are the leading suppliers of biodiesel to Mexico?

In value terms, the U.S. constituted the largest supplier of biodiesel to Mexico.

What are the leading importers of biodiesel from Mexico?

In value terms, Canada remains the key foreign market for biodiesel exports from Mexico.

What is the average export price for biodiesel in Mexico?

In 2020, the average biodiesel export price amounted to $1,033 per ton, with a decrease of -28.9% against the previous year.

What is the average import price for biodiesel in Mexico?

The average biodiesel import price stood at $943 per ton in 2020, jumping by 20% against the previous year.

This report provides an in-depth analysis of the biodiesel 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 20595997 - Biofuels (diesel substitute)

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