Mexico: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Mexico

The Mexican peroxides of sodium market reached $X in 2021, approximately equating the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.9% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Peroxides Of Sodium Production in Mexico

In value terms, peroxides of sodium production rose notably to $X in 2021 estimated in export price. In general, production showed a mild decline. The pace of growth appeared the most rapid in 2018 with an increase of 33%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Peroxides Of Sodium Exports

Exports from Mexico

In 2021, after three years of decline, there was significant growth in shipments abroad of peroxides of sodium or potassium, when their volume increased by 79% to X tons. In general, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2016 when exports increased by 146% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, peroxides of sodium exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belize (X tons) was the main destination for peroxides of sodium exports from Mexico, accounting for a 97% share of total exports. It was followed by Honduras (X kg), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belize stood at -16.2%.

In value terms, Belize ($X) remains the key foreign market for peroxides of sodium or potassium exports from Mexico, comprising 71% of total exports. The second position in the ranking was taken by Honduras ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belize stood at -12.0%.

Export Prices by Country

In 2021, the average peroxides of sodium export price amounted to $X per ton, rising by 84% against the previous year. Overall, the export price posted a notable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Honduras ($X per ton), while the average price for exports to Belize amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+5.0%).

Peroxides Of Sodium Imports

Imports into Mexico

In 2021, overseas purchases of peroxides of sodium or potassium decreased by -26.5% to X kg, falling for the third year in a row after two years of growth. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 458%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, peroxides of sodium imports expanded rapidly to $X in 2021. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 247%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X kg) was the main supplier of peroxides of sodium to Mexico, with a 93% share of total imports. It was followed by France (X kg), with a 2.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-21.2% per year) and Germany (+23.1% per year).

In value terms, the largest peroxides of sodium suppliers to Mexico were France ($X), Germany ($X) and the United States ($X), together accounting for 61% of total imports.

Germany, with a CAGR of +52.7%, recorded 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

In 2021, the average peroxides of sodium import price amounted to $X per ton, growing by 53% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 115% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+31.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :