Report Update Nov 1, 2024

Mexico - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Ethanol Market 2024

Ethanol Exports

Exports from Mexico

In 2022, after two years of decline, there was significant growth in shipments abroad of ethyl alcohol, when their volume increased by 501% to X litres. Overall, exports, however, showed a abrupt setback. The exports peaked at X litres in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ethanol exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a deep slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X litres) was the main destination for ethanol exports from Mexico, accounting for a 90% share of total exports. Moreover, ethanol exports to the United States exceeded the volume sent to the second major destination, Guatemala (X litres), more than tenfold. The third position in this ranking was held by Ecuador (X litres), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+2.9% per year) and Ecuador (-3.0% per year).

In value terms, the United States ($X) remains the key foreign market for ethyl alcohol exports from Mexico, comprising 82% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 13% share of total exports. It was followed by Ecuador, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+3.1% per year) and Ecuador (-7.1% per year).

Export Prices by Country

The average ethanol export price stood at $X per litre in 2022, with a decrease of -23.6% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 83%. Over the period under review, the average export prices hit record highs at $X per litre in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per litre), while the average price for exports to Canada ($X per litre) 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 mixed trend patterns.

Ethanol Imports

Imports into Mexico

In 2022, overseas purchases of ethyl alcohol increased by 17% to X litres, rising for the third consecutive year after seven years of decline. Overall, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 121% against the previous year. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ethanol imports soared to $X in 2022. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 168% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X litres) was the main ethanol supplier to Mexico, accounting for a 94% share of total imports. Moreover, ethanol imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X litres), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -5.1%.

In value terms, the United States ($X) constituted the largest supplier of ethyl alcohol to Mexico, comprising 99% of total imports. The second position in the ranking was held by Guatemala ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +7.6%.

Import Prices by Country

The average ethanol import price stood at $X per litre in 2022, growing by 11% against the previous year. Overall, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the maximum at $X per litre in 2020; however, from 2021 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 the United States ($X per litre), while the price for Guatemala stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethyl alcohol in the world?

The countries with the highest volumes of ethanol consumption in 2021 were Brazil, the United States and China, together comprising 66% of global consumption. These countries were followed by India, Canada, Pakistan and Indonesia, which together accounted for a further 10%.

What are the largest producers of ethyl alcohol in the world?

The countries with the highest volumes of ethanol production in 2021 were Brazil, the United States and China, with a combined 75% share of global production.

What are the leading suppliers of ethyl alcohol to Mexico?

In value terms, the United States constituted the largest supplier of ethanol to Mexico, comprising 94% of total imports. The second position in the ranking was occupied by Guatemala, with a 5.5% share of total imports.

What are the leading importers of ethyl alcohol from Mexico?

In value terms, the largest markets for ethanol exported from Mexico were Guatemala, the United States and Canada, with a combined 99% share of total exports.

What is the average export price for ethyl alcohol in Mexico?

The average ethanol export price stood at $1,208 per ton in 2021, remaining constant against the previous year.

What is the average import price for ethyl alcohol in Mexico?

In 2021, the average ethanol import price amounted to $613 per ton, declining by -36.4% against the previous year.

This report provides an in-depth analysis of the ethanol 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 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength

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