Mexico: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Mexico

The Mexican market for bromides and bromide oxides, iodides and iodide oxides contracted significantly to $X in 2021, falling by -85.5% 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). Over the period under review, consumption recorded a deep downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Mexico

In 2021, shipments abroad of bromides and bromide oxides, iodides and iodide oxides increased by 274% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 962%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 214% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for bromides, iodides and oxids thereof exports from Mexico, accounting for a 73% share of total exports. Moreover, bromides, iodides and oxids thereof exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), tenfold. Venezuela (X kg) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-1.7% per year) and Venezuela (+29.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Mexico, comprising 48% of total exports. The second position in the ranking was held by Venezuela ($X), with a 21% share of total exports. It was followed by Guatemala, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+28.1% per year) and Guatemala (-4.5% per year).

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, which is down by -34.5% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2016 an increase of 194% against the previous year. The export price peaked 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 export markets. In 2021, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Colombia ($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 Trinidad and Tobago (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Mexico

Bromides, iodides and oxids thereof imports into Mexico contracted markedly to X tons in 2021, reducing by -84.4% on 2020. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 155%. As a result, imports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, bromides, iodides and oxids thereof imports declined sharply to $X in 2021. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 107% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Israel (X tons), the United States (X tons) and China (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Mexico, together accounting for 91% of total imports. These countries were followed by Chile, Japan and France, which together accounted for a further 5.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +47.4%), while imports for the other leaders experienced a decline.

In value terms, Israel ($X), the United States ($X) and Chile ($X) constituted the largest bromides, iodides and oxids thereof suppliers to Mexico, with a combined 59% share of total imports. Japan, France and China lagged somewhat behind, together comprising a further 22%.

Japan, with a CAGR of +34.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 50%. As a result, import price reached the peak level of $X per ton. From 2014 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, the country with the highest price was Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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