Mexico: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Mexico

After two years of decline, the Mexican cyclohexanone and methylcyclohexanones market increased by 63% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Mexico

In 2021, shipments abroad of cyclohexanone and methylcyclohexanones decreased by -80.9% to X kg, falling for the second year in a row after three years of decline. In general, exports saw a sharp decline. The growth pace was the most rapid in 2013 when exports increased by 297% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports reduced dramatically to $X in 2021. Overall, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2013 with an increase of 169%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X kg), Guatemala (X kg) and the United States (X kg) were the main destinations of cyclohexanone and methylcyclohexanones exports from Mexico.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of -19.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cyclohexanone and methylcyclohexanones exported from Mexico were Guatemala ($X), Costa Rica ($X) and the United States ($X), with a combined 100% share of total exports.

Guatemala, with a CAGR of -15.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average cyclohexanone and methylcyclohexanones export price amounted to $X per ton, rising by 39% against the previous year. In general, the export price posted a tangible increase. The pace of growth was the most pronounced in 2017 an increase of 70%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the United States ($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 Costa Rica (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Mexico

In 2021, approx. X tons of cyclohexanone and methylcyclohexanones were imported into Mexico; picking up by 78% on the previous year. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 292%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, cyclohexanone and methylcyclohexanones imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 285%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of cyclohexanone and methylcyclohexanones to Mexico, with a 64% share of total imports. Moreover, cyclohexanone and methylcyclohexanones imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. China (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.2% per year) and China (+82.1% per year).

In value terms, the United States ($X) constituted the largest supplier of cyclohexanone and methylcyclohexanones to Mexico, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 9.2% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+74.1% per year) and Italy (+7.4% per year).

Import Prices by Country

The average cyclohexanone and methylcyclohexanones import price stood at $X per ton in 2021, reducing by -12.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 44%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a 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 the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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