Mexico: Cyclic Hydrocarbons Market 2025

Cyclic Hydrocarbons Market Size in Mexico

The Mexican cyclic hydrocarbons market reduced to $X in 2021, shrinking by -5.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed notable growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Mexico

In 2021, cyclic hydrocarbons exports from Mexico shrank remarkably to X tons, with a decrease of -50.1% against the previous year's figure. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 343%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports declined sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 441%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons), Ecuador (X tons) and El Salvador (X tons) were the main destinations of cyclic hydrocarbons exports from Mexico, together accounting for 60% of total exports. Guatemala, Brazil, Canada and India lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +114.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), India ($X) and Brazil ($X) appeared to be the largest markets for cyclic hydrocarbons exported from Mexico worldwide, together comprising 71% of total exports.

Brazil, with a CAGR of +81.8%, recorded 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 more modest paces of growth.

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2021, with a decrease of -29.5% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 57%. The export price peaked at $X per ton in 2020, and then contracted dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Ecuador ($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 India (+35.1%), while the prices for the other major destinations experienced a decline.

Cyclic Hydrocarbons Imports

Imports into Mexico

In 2021, supplies from abroad of other cyclic hydrocarbons increased by 14% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 178% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports fell significantly to $X in 2021. Over the period under review, imports saw perceptible growth. The pace of growth was the most pronounced in 2014 with an increase of 118% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), the United States (X tons) and Singapore (X tons) were the main suppliers of cyclic hydrocarbons imports to Mexico, together comprising 62% of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +140.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclic hydrocarbons suppliers to Mexico were the United States ($X), Japan ($X) and China ($X), with a combined 62% share of total imports. These countries were followed by Singapore, India, Germany, Brazil, South Korea and Belgium, which together accounted for a further 20%.

Singapore, with a CAGR of +110.1%, saw the highest rates of growth with regard to the value of imports, among 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 cyclic hydrocarbons import price stood at $X per ton in 2021, which is down by -28.4% against the previous year. Overall, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2015 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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