Mexico: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Mexico

In 2021, after two years of growth, there was decline in the Mexican market for inorganic oxygen compounds of non-metals, when its value decreased by -1.4% to $X. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.4% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Inorganic Oxygen Compounds Of Non-Metals in Mexico

In value terms, inorganic oxygen compounds of non-metals production dropped modestly to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.7% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 42%. Inorganic oxygen compounds of non-metals production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Mexico

In 2021, overseas shipments of inorganic oxygen compounds of non-metals increased by 508% to X tons, rising for the sixth consecutive year after two years of decline. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Mexico, accounting for a 46% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Bolivia exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia amounted to +111.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.7% per year) and India (+98.4% per year).

In value terms, the largest markets for inorganic oxygen compounds of non-metals exported from Mexico were Bolivia ($X), the United States ($X) and Canada ($X), with a combined 69% share of total exports.

Bolivia, with a CAGR of +47.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, waning by -34.2% against the previous year. Overall, the export price faced a dramatic decrease. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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 Canada ($X per ton), while the average price for exports to India ($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 Canada (-5.6%), while the prices for the other major destinations experienced a decline.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Mexico

In 2021, after two years of growth, there was significant decline in overseas purchases of inorganic oxygen compounds of non-metals, when their volume decreased by -36% to X tons. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals imports fell remarkably to $X in 2021. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 18% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and Australia (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Mexico, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +7.9%), while imports for the other leaders experienced a decline.

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Mexico were Taiwan (Chinese) ($X), the United States ($X) and China ($X), together accounting for 80% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +5.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, with a decrease of -6.6% against the previous year. In general, the import price, however, saw notable growth. The pace of growth appeared the most rapid in 2016 an increase of 34% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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