Mexico: Feldspar Market 2024

Feldspar Market Size in Mexico

The Mexican feldspar market declined modestly to $X in 2021, waning by -2.6% against the previous year. Overall, consumption, however, showed tangible growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Feldspar Production in Mexico

In value terms, feldspar production totaled $X in 2021 estimated in export price. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 82% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Feldspar Exports

Exports from Mexico

In 2021, exports of feldspar from Mexico surged to X tons, with an increase of 148% against the previous year's figure. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 188% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, feldspar exports soared to $X in 2021. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 189%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for feldspar exports from Mexico, with a 70% share of total exports. Moreover, feldspar exports to the United States exceeded the volume sent to the second major destination, Venezuela (X tons), fivefold. The Dominican Republic (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-10.2% per year) and the Dominican Republic (+22.6% per year).

In value terms, the United States ($X) remains the key foreign market for feldspar exports from Mexico, comprising 59% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 14% share of total exports. It was followed by the Dominican Republic, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-0.3% per year) and the Dominican Republic (+56.1% per year).

Export Prices by Country

In 2021, the average feldspar export price amounted to $X per ton, with an increase of 5.1% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Guatemala ($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 the Dominican Republic (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Feldspar Imports

Imports into Mexico

In 2021, the amount of feldspar imported into Mexico rose to X tons, picking up by 3.7% on 2020 figures. Over the period under review, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2015 with an increase of 6.4%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, feldspar imports shrank to $X in 2021. In general, imports, however, saw a deep reduction. The smallest decline of -8.1% was in 2018. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Guatemala (X tons) and Spain (X tons) were the main suppliers of feldspar imports to Mexico, together comprising 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +53.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of feldspar to Mexico, comprising 53% of total imports. The second position in the ranking was taken by Guatemala ($X), with an 18% share of total imports. It was followed by Spain, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (-5.9% per year) and Spain (-21.9% per year).

Import Prices by Country

The average feldspar import price stood at $X per ton in 2021, falling by -11.4% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 1.4%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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