Mexico: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Mexico

After four years of growth, the Mexican market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -3.9% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. Butanal butanal and acyclic aldehydes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Mexico

In value terms, butanal butanal and acyclic aldehydes production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. Butanal butanal and acyclic aldehydes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Mexico

Butanal butanal and acyclic aldehydes exports from Mexico contracted notably to X tons in 2022, with a decrease of -34.9% on the previous year. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by 930% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, butanal butanal and acyclic aldehydes exports reduced sharply to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 805%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for butanal butanal and acyclic aldehydes exports from Mexico, with a 81% share of total exports. Moreover, butanal butanal and acyclic aldehydes exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), fivefold. Colombia (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+9.1% per year) and Colombia (-4.3% per year).

In value terms, the United States ($X) remains the key foreign market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exports from Mexico, comprising 90% of total exports. The second position in the ranking was held by Guatemala ($X), with a 4% share of total exports. It was followed by Colombia, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+3.3% per year) and Colombia (+1.0% per year).

Export Prices by Country

In 2022, the average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, dropping by -19.4% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Guatemala ($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 Colombia (+5.5%), while the prices for the other major destinations experienced a decline.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Mexico

Butanal butanal and acyclic aldehydes imports into Mexico fell dramatically to X tons in 2022, which is down by -15.4% on 2021. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, butanal butanal and acyclic aldehydes imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of butanal butanal and acyclic aldehydes to Mexico, accounting for a 64% share of total imports. Moreover, butanal butanal and acyclic aldehydes imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.4% per year) and Germany (+7.4% per year).

In value terms, the United States ($X) constituted the largest supplier of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function to Mexico, comprising 43% of total imports. The second position in the ranking was held by India ($X), with a 19% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.7% per year) and China (+22.8% per year).

Import Prices by Country

The average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, surging by 33% against the previous year. In general, the import price, however, continues to indicate a mild contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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