Mexico: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Mexico

In 2021, after nine years of growth, there was significant decline in the Mexican oxygen-function amino-compound market, when its value decreased by -17.6% to $X. Overall, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

Oxygen-Function Amino-Compound Production in Mexico

In value terms, oxygen-function amino-compound production declined dramatically to $X in 2021 estimated in export price. In general, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 73%. As a result, production reached the peak level of $X, and then fell notably in the following year.

Oxygen-Function Amino-Compound Exports

Exports from Mexico

In 2021, shipments abroad of oxygen-function amino-compounds increased by 341% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep contraction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main destinations of oxygen-function amino-compound exports from Mexico, together comprising 33% of total exports. Poland, the Czech Republic, Canada, Austria, the UK, Spain, Argentina, Belgium, Colombia and the Netherlands lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +72.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for oxygen-function amino-compounds exports from Mexico, comprising 21% of total exports. The second position in the ranking was held by Germany ($X), with a 6.1% share of total exports. It was followed by Austria, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.3% per year) and Austria (+17.8% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, reducing by -59.8% against the previous year. In general, the export price, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 167%. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Belgium ($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 Austria (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Mexico

In 2021, overseas purchases of oxygen-function amino-compounds were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 11% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, oxygen-function amino-compound imports stood at $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.6% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Spain (X tons) were the main suppliers of oxygen-function amino-compound imports to Mexico, together accounting for 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and India ($X) constituted the largest oxygen-function amino-compound suppliers to Mexico, together accounting for 68% of total imports.

China, with a CAGR of +10.7%, saw the highest growth rate of 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 oxygen-function amino-compound import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 8.8% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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