Mexico: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Mexico

The Mexican industrial fatty alcohols market reduced to $X in 2021, shrinking by -10.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Industrial Fatty Alcohols Exports

Exports from Mexico

In 2021, approx. X tons of industrial fatty alcohols were exported from Mexico; with a decrease of -99.1% compared with 2020 figures. In general, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 337% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols exports contracted remarkably to $X in 2021. Overall, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2018 when exports increased by 374% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg), El Salvador (X kg) and Guatemala (X kg) were the main destinations of industrial fatty alcohols exports from Mexico, together comprising 66% of total exports. Venezuela, Colombia, Costa Rica, Nicaragua, the Dominican Republic and Argentina lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Nicaragua (with a CAGR of -29.2%), while shipments for the other leaders experienced a decline.

In value terms, El Salvador ($X), Guatemala ($X) and the United States ($X) appeared to be the largest markets for industrial fatty alcohols exported from Mexico worldwide, with a combined 60% share of total exports. These countries were followed by Costa Rica, Colombia, Venezuela, Nicaragua, the Dominican Republic and Argentina, which together accounted for a further 22%.

Among the main countries of destination, Nicaragua, with a CAGR of -26.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, with an increase of 97% against the previous year. Overall, the export price saw a pronounced increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Venezuela ($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 Argentina (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Fatty Alcohols Imports

Imports into Mexico

In 2021, supplies from abroad of industrial fatty alcohols decreased by -14.6% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols imports reduced to $X in 2021. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 22% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Indonesia (X tons) were the main suppliers of industrial fatty alcohols imports to Mexico, together comprising 57% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +74.2%), while purchases for the other leaders experienced a decline.

In value terms, the Netherlands ($X), the United States ($X) and Indonesia ($X) appeared to be the largest industrial fatty alcohols suppliers to Mexico, together comprising 56% of total imports.

The Netherlands, with a CAGR of +74.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, surging by 5.2% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for France ($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 Netherlands (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :