Mexico: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Mexico

In 2021, after four years of growth, there was significant decline in the Mexican organo-inorganic compounds market, when its value decreased by -5.3% to $X. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Mexico

After two years of growth, shipments abroad of organo-inorganic compounds (excluding organo-sulphur compounds) decreased by -39.8% to X tons in 2021. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 197% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, organo-inorganic compounds exports fell dramatically to $X in 2021. Over the period under review, exports, however, showed temperate growth. The pace of growth was the most pronounced in 2020 when exports increased by 160% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for organo-inorganic compounds exports from Mexico, with a 90% share of total exports. Moreover, organo-inorganic compounds exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+17.3% per year) and Guatemala (-10.5% per year).

In value terms, the United States ($X) remains the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Mexico, comprising 92% of total exports. The second position in the ranking was taken by Brazil ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+7.2% per year) and Guatemala (-3.6% per year).

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2021, picking up by 20% against the previous year. In general, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2014 an increase of 158%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($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 Guatemala (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Mexico

In 2021, supplies from abroad of organo-inorganic compounds (excluding organo-sulphur compounds) decreased by -11.1% to X tons, falling for the second year in a row after three years of growth. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 130% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, organo-inorganic compounds imports fell to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 140%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of organo-inorganic compounds imports to Mexico, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +70.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest organo-inorganic compounds suppliers to Mexico, with a combined 95% share of total imports.

Japan, with a CAGR of +45.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average organo-inorganic compounds import price stood at $X per ton in 2021, rising by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2015 an increase of 6.5% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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