Mexico: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Mexico

In 2021, the Mexican complex fluorine salts market decreased by -7.6% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Complex Fluorine Salts Production in Mexico

In value terms, complex fluorine salts production dropped rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 52% against the previous year. Complex fluorine salts production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Complex Fluorine Salts Exports

Exports from Mexico

Complex fluorine salts exports from Mexico shrank notably to X tons in 2021, dropping by -96.9% against 2020 figures. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of 789% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, complex fluorine salts exports declined sharply to $X in 2021. In general, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2018 when exports increased by 1,022%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for complex fluorine salts exports from Mexico, accounting for a 99% share of total exports. It was followed by the United States (X kg), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +192.6%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from Mexico, comprising 99% of total exports. The second position in the ranking was held by the United States ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +392.3%.

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, surging by 43% against the previous year. Overall, the export price posted a buoyant expansion. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+68.2%), while the prices for the other major destinations experienced mixed trend patterns.

Complex Fluorine Salts Imports

Imports into Mexico

After two years of decline, purchases abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 32% to X tons in 2021. In general, imports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 116%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, complex fluorine salts imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 108% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest complex fluorine salts supplier to Mexico, accounting for a 70% share of total imports. Moreover, complex fluorine salts imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.4% per year) and Germany (-6.5% per year).

In value terms, China ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to Mexico, comprising 62% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.2% per year) and Germany (-2.0% per year).

Import Prices by Country

The average complex fluorine salts import price stood at $X per ton in 2021, shrinking by -6.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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