Mexico: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Mexico

In 2021, the Mexican acyclic hydrocarbons derivatives market decreased by -1% to $X, falling for the fifth consecutive year after three years of growth. Overall, consumption, however, continues to indicate a slight downturn. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Acyclic Hydrocarbons Derivatives Production in Mexico

In value terms, acyclic hydrocarbons derivatives production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 37% against the previous year. Acyclic hydrocarbons derivatives production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Acyclic Hydrocarbons Derivatives Exports

Exports from Mexico

In 2021, exports of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons from Mexico fell remarkably to X tons, shrinking by -38.1% on 2020. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 198%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives exports reduced notably to $X in 2021. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 262%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for acyclic hydrocarbons derivatives exports from Mexico, accounting for a 85% share of total exports. Moreover, acyclic hydrocarbons derivatives exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), eightfold. Nicaragua (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-7.6% per year) and Nicaragua (-10.0% per year).

In value terms, the United States ($X) remains the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Mexico, comprising 77% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 19% share of total exports. It was followed by Nicaragua, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-3.1% per year) and Nicaragua (-14.3% per year).

Export Prices by Country

The average acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, reducing by -27.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 66% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per ton), while the average price for exports to El Salvador ($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 Colombia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Mexico

In 2021, imports of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons into Mexico surged to X tons, growing by 39% compared with the previous year's figure. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons derivatives imports skyrocketed to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.9% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and the United States (X tons) were the main suppliers of acyclic hydrocarbons derivatives imports to Mexico.

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 +24.7%).

In value terms, the United States ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Mexico, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average acyclic hydrocarbons derivatives import price stood at $X per ton in 2021, shrinking by -15.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 50% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.1%).

Source: IndexBox Platform

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