Mexico: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Mexico

After five years of growth, the Mexican market for liquid or compressed air and distilled or conductivity water decreased by -17.8% to $X in 2021. Overall, consumption showed strong growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced remarkably in the following year.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Mexico

In value terms, liquid air and distilled water production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 55%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted slightly in the following year.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Mexico

In 2021, shipments abroad of liquid or compressed air and distilled or conductivity water decreased by -76.3% to X tons, falling for the eighth year in a row after two years of growth. Overall, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2013 when exports increased by 2.9%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid air and distilled water exports fell rapidly to $X in 2021. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 28%. 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

The United States (X tons) was the main destination for liquid air and distilled water exports from Mexico, with a 93% share of total exports. Moreover, liquid air and distilled water exports to the United States exceeded the volume sent to the second major destination, El Salvador (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -18.9%.

In value terms, the United States ($X) emerged as the key foreign market for liquid or compressed air and distilled or conductivity water exports from Mexico, comprising 95% of total exports. The second position in the ranking was held by El Salvador ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -13.0%.

Export Prices by Country

The average export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, reducing by -27.7% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Mexico

In 2021, the amount of liquid or compressed air and distilled or conductivity water imported into Mexico shrank significantly to X tons, waning by -37.6% against the previous year's figure. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, liquid air and distilled water imports dropped sharply to $X in 2021. Overall, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of 70% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main liquid air and distilled water supplier to Mexico, with a 92% share of total imports. Moreover, liquid air and distilled water imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.3% per year) and China (-29.4% per year).

In value terms, the United States ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Mexico, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.3% per year) and Germany (+7.6% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, shrinking by -6.5% against the previous year. Overall, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2014 an increase of 24%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then shrank in the following year.

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 China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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