Report Update Feb 1, 2025

Mexico - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Formaldehyde Market 2025

Formaldehyde Market Size in Mexico

The Mexican formaldehyde market shrank to $X in 2022, reducing by -6.1% against the previous year. Over the period under review, consumption recorded a pronounced decrease. Formaldehyde consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Formaldehyde Production in Mexico

In value terms, formaldehyde production declined to $X in 2022 estimated in export price. In general, production recorded a pronounced contraction. The growth pace was the most rapid in 2017 when the production volume increased by 25%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Formaldehyde Exports

Exports from Mexico

In 2019, shipments abroad of formaldehyde decreased by 0% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 250%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, formaldehyde exports stood at $X in 2019. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 213%. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons), Costa Rica (X tons) and Ecuador (X tons) were the main destinations of formaldehyde exports from Mexico, with a combined 90% share of total exports. Honduras, El Salvador, Peru, Nicaragua and Cuba lagged somewhat behind, together comprising a further 9.5%.

From 2012 to 2019, the biggest increases were recorded for Nicaragua (with a CAGR of +54.7%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by Costa Rica, with a 13% share.

From 2012 to 2019, the average annual growth rate of value to Ecuador stood at -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-20.4% per year) and Costa Rica (-2.4% per year).

Export Prices by Country

In 2019, the average formaldehyde export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17%. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+21.3%), while the prices for the other major destinations experienced a decline.

Formaldehyde Imports

Imports into Mexico

After five years of growth, supplies from abroad of formaldehyde decreased by -98% to X tons in 2022. In general, imports showed a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 1,156%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, formaldehyde imports fell notably to $X in 2022. Over the period under review, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 829% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, the United States (X tons) was the main formaldehyde supplier to Mexico, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -26.7%.

In value terms, the United States ($X) constituted the largest supplier of formaldehyde to Mexico.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -30.4%.

Import Prices by Country

In 2022, the average formaldehyde import price amounted to $X per ton, reducing by -63% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 240% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -0.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for formaldehyde in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 47% share of global consumption.

What are the largest producers of formaldehyde in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 47% share of global production. Japan, Russia, Brazil, Indonesia, Pakistan, Mexico, Italy, the Netherlands, Hungary and Germany lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of formaldehyde to Mexico?

In value terms, the United States constituted the largest supplier of formaldehyde to Mexico.

What are the leading importers of formaldehyde from Mexico?

In value terms, Ecuador remains the key foreign market for formaldehyde exports from Mexico, comprising 56% of total exports. The second position in the ranking was occupied by Guatemala, with a 21% share of total exports. It was followed by Nicaragua, with an 8% share.

What is the average export price for formaldehyde in Mexico?

The average formaldehyde export price stood at $1,570 per ton in 2021, dropping by -6.4% against the previous year.

What is the average import price for formaldehyde in Mexico?

In 2021, the average formaldehyde import price amounted to $628 per ton, dropping by -2.1% against the previous year.

This report provides an in-depth analysis of the formaldehyde market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146111 - Methanal (formaldehyde)

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024