Report Update Nov 1, 2024

Mexico - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Mexico

After two years of decline, the Mexican nitric and sulphonitric acids market increased by 130% to $X in 2021. Over the period under review, consumption continues to indicate a strong increase. Nitric and sulphonitric acids consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Mexico

In 2021, shipments abroad of nitric acid and sulphonitric acids decreased by -99.4% to X kg for the first time since 2017, thus ending a three-year rising trend. Overall, exports recorded a precipitous contraction. The growth pace was the most rapid in 2019 with an increase of 129%. The exports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, nitric and sulphonitric acids exports shrank rapidly to $X in 2021. In general, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2018 when exports increased by 106% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Nicaragua (X kg) was the main destination for nitric and sulphonitric acids exports from Mexico, with a 52% share of total exports. Moreover, nitric and sulphonitric acids exports to Nicaragua exceeded the volume sent to the second major destination, Guatemala (X kg), threefold. Costa Rica (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Nicaragua amounted to -36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-43.5% per year) and Costa Rica (-29.8% per year).

In value terms, the largest markets for nitric and sulphonitric acids exported from Mexico were Nicaragua ($X), Costa Rica ($X) and Peru ($X), together comprising 66% of total exports.

Nicaragua, with a CAGR of -5.6%, saw 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 a decline.

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per ton in 2021, growing by 82% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Nicaragua ($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 Nicaragua (+47.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Mexico

In 2021, overseas purchases of nitric acid and sulphonitric acids increased by 125% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 143% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, nitric and sulphonitric acids imports soared to $X in 2021. Overall, imports recorded a resilient expansion. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of nitric and sulphonitric acids to Mexico, accounting for a 98% share of total imports. It was followed by Canada (X tons), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +16.7%.

In value terms, the United States ($X) constituted the largest supplier of nitric acid and sulphonitric acids to Mexico, comprising 98% of total imports. The second position in the ranking was taken by Canada ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +12.3%.

Import Prices by Country

The average nitric and sulphonitric acids import price stood at $X per ton in 2021, waning by -1.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2019 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-3.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitric acid and sulphonitric acids in the world?

The country with the largest volume of nitric and sulphonitric acids consumption was China, comprising approx. 23% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.5% share.

What are the largest producers of nitric acid and sulphonitric acids in the world?

China remains the largest nitric and sulphonitric acids producing country worldwide, comprising approx. 23% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of nitric acid and sulphonitric acids to Mexico?

In value terms, the United States constituted the largest supplier of nitric and sulphonitric acids to Mexico, comprising 98% of total imports. The second position in the ranking was occupied by Germany, with a 0.3% share of total imports.

What is the average export price for nitric acid and sulphonitric acids in Mexico?

In 2021, the average nitric and sulphonitric acids export price amounted to $138,500 per ton, jumping by 3,511% against the previous year.

What is the average import price for nitric acid and sulphonitric acids in Mexico?

In 2021, the average nitric and sulphonitric acids import price amounted to $407 per ton, with a decrease of -2.3% against the previous year.

This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 20151050 - Nitric acid, sulphonitric acids

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