Report Update Nov 1, 2024

Mexico - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Mexico

The Mexican potassium nitrate market amounted to less than $X in 2022, remaining constant against the previous year. Overall, consumption, however, showed a modest increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Potassium Nitrate Production in Mexico

In value terms, potassium nitrate production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 20%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Potassium Nitrate Exports

Exports from Mexico

In 2014, approx. X tons of potassium nitrates were exported from Mexico; with an increase of 33% against the previous year's figure. In general, exports, however, recorded a dramatic decline. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2014, the exports remained at a lower figure.

In value terms, potassium nitrate exports expanded slightly to $X in 2014. Over the period under review, exports, however, showed a sharp reduction. The exports peaked at $X in 2012; however, from 2013 to 2014, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for potassium nitrate exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2014, the average annual growth rate of volume to the United States totaled -36.5%.

In value terms, the United States ($X) also remains the key foreign market for potassium nitrates exports from Mexico.

From 2012 to 2014, the average annual growth rate of value to the United States stood at -37.3%.

Export Prices by Country

In 2014, the average potassium nitrate export price amounted to $X per ton, shrinking by -22.8% against the previous year. In general, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 26%. As a result, the export price attained the peak level of $X per ton, and then reduced remarkably in the following year.

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

From 2012 to 2014, the rate of growth in terms of prices for the United States amounted to -1.4% per year.

Potassium Nitrate Imports

Imports into Mexico

In 2019, the amount of potassium nitrates imported into Mexico surged to X tons, picking up by 45% on 2018. In general, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, potassium nitrate imports rose notably to $X in 2019. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 24%. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, the United States (X tons) constituted the largest supplier of potassium nitrate to Mexico, accounting for a 84% share of total imports. Moreover, potassium nitrate imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2019, the average annual rate of growth in terms of volume from the United States totaled +4.8%.

In value terms, the United States ($X) constituted the largest supplier of potassium nitrates to Mexico, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports.

From 2012 to 2019, the average annual growth rate of value from the United States amounted to -3.8%.

Import Prices by Country

In 2019, the average potassium nitrate import price amounted to $X per ton, waning by -20.7% against the previous year. Overall, the import price saw a abrupt slump. The growth pace was the most rapid in 2015 when the average import price increased by 6.1%. As a result, import price attained the peak level of $X per ton. From 2016 to 2019, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Chile (+10.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium nitrates in the world?

China remains the largest potassium nitrate consuming country worldwide, accounting for 16% of total volume. Moreover, potassium nitrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Spain ranked third in terms of total consumption with a 5.5% share.

What are the largest producers of potassium nitrates in the world?

The countries with the highest volumes of in 2021 were China, Chile and India, together comprising 36% of global production.

What are the leading suppliers of potassium nitrates to Mexico?

In value terms, the United States, Israel and Jordan were the largest potassium nitrate suppliers to Mexico, together accounting for 90% of total imports. China, Denmark and Spain lagged somewhat behind, together comprising a further 8.4%.

What are the leading importers of potassium nitrates from Mexico?

In value terms, Canada, Costa Rica and Guatemala appeared to be the largest markets for potassium nitrate exported from Mexico worldwide, with a combined 93% share of total exports.

What is the average export price for potassium nitrates in Mexico?

In 2021, the average potassium nitrate export price amounted to $957 per ton, which is down by -15.3% against the previous year.

What is the average import price for potassium nitrates in Mexico?

In 2021, the average potassium nitrate import price amounted to $953 per ton, with a decrease of -3.9% against the previous year.

This report provides an in-depth analysis of the potassium nitrate 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:

FCL 4025 -

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023