Report Update Nov 1, 2024

Mexico - Nitrites - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Nitrites Market 2024

Nitrites Market Size in Mexico

In 2021, the Mexican nitrites market decreased by -46.4% to $X, falling for the third consecutive year after three years of growth. In general, consumption showed a deep contraction. Nitrites consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Nitrites Exports

Exports from Mexico

In 2021, shipments abroad of nitrites increased by 203% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted measured growth. The growth pace was the most rapid in 2020 when exports increased by 446% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, nitrites exports surged to $X in 2021. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 614% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Canada (X tons), Colombia (X tons) and Ecuador (X tons) were the main destinations of nitrites exports from Mexico, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +168.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Colombia ($X) and Costa Rica ($X) constituted the largest markets for nitrites exported from Mexico worldwide, together comprising 82% of total exports.

Among the main countries of destination, Canada, with a CAGR of +242.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nitrites export price stood at $X per ton in 2021, jumping by 21% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nitrites export price increased by +57.8% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 31% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Panama ($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 Venezuela (+108.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrites Imports

Imports into Mexico

In 2021, supplies from abroad of nitrites decreased by -34.4% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports faced a sharp contraction. The pace of growth appeared the most rapid in 2014 with an increase of 17%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, nitrites imports contracted dramatically to $X in 2021. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of nitrites to Mexico, accounting for a 72% share of total imports. Moreover, nitrites imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.3% per year) and Germany (-44.5% per year).

In value terms, the United States ($X), India ($X) and Germany ($X) were the largest nitrites suppliers to Mexico, together accounting for 96% of total imports.

In terms of the main suppliers, India, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average nitrites import price stood at $X per ton in 2021, reducing by -22.2% against the previous year. Overall, the import price, however, continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2018 an increase of 67% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrites in the world?

The countries with the highest volumes of nitrites consumption in 2021 were Zambia, Canada and South Korea, with a combined 30% share of global consumption. These countries were followed by Japan, Nigeria, the Netherlands, Taiwan Chinese), Chile, Brazil, France, China, Thailand and Ukraine, which together accounted for a further 40%.

What are the largest producers of nitrites in the world?

The country with the largest volume of nitrites production was China, accounting for 62% of total volume. Moreover, nitrites production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. The third position in this ranking was occupied by Russia, with a 6.3% share.

What are the leading suppliers of nitrites to Mexico?

In value terms, the United States constituted the largest supplier of nitrites to Mexico, comprising 88% of total imports. The second position in the ranking was occupied by India, with an 11% share of total imports.

What are the leading importers of nitrites from Mexico?

In value terms, Canada emerged as the key foreign market for nitrites exports from Mexico, comprising 75% of total exports. The second position in the ranking was occupied by Ecuador, with a 22% share of total exports.

What is the average export price for nitrites in Mexico?

In 2021, the average nitrites export price amounted to $2,523 per ton, which is down by -16.2% against the previous year.

What is the average import price for nitrites in Mexico?

The average nitrites import price stood at $1,130 per ton in 2021, growing by 21% against the previous year.

This report provides an in-depth analysis of the nitrites 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 20152080 - Nitrites

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