Mexico: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Mexico

The Mexican phosphinates and phosphonates market dropped slightly to $X in 2022, declining by -3.5% against the previous year. Overall, consumption recorded a mild decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Phosphinates And Phosphonates Production in Mexico

In value terms, phosphinates and phosphonates production fell to $X in 2022 estimated in export price. Overall, production showed a mild decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Mexico

In 2014, phosphinates and phosphonates exports from Mexico soared to X tons, with an increase of 344% on the year before. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, phosphinates and phosphonates exports skyrocketed to $X in 2014. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons) was the main destination for phosphinates and phosphonates exports from Mexico, with a 66% share of total exports. Moreover, phosphinates and phosphonates exports to Ecuador exceeded the volume sent to the second major destination, the United States (X tons), twofold.

From 2012 to 2014, the average annual growth rate of volume to Ecuador totaled +1,652.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+43.3% per year) and Canada (+251.9% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Mexico, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 27% share of total exports.

From 2012 to 2014, the average annual growth rate of value to Ecuador amounted to +1,977.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.5% per year) and Canada (+155.0% per year).

Export Prices by Country

In 2014, the average phosphinates and phosphonates export price amounted to $X per ton, shrinking by -13.4% against the previous year. Over the period under review, the export price faced a abrupt slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2014, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2014, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+18.5%), while the prices for the other major destinations experienced a decline.

Phosphinates And Phosphonates Imports

Imports into Mexico

In 2022, supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by -13.3% to X tons, falling for the third consecutive year after four years of growth. Overall, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 28% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates imports soared to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of phosphinates and phosphonates to Mexico, accounting for a 82% share of total imports. Moreover, phosphinates and phosphonates imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.4%.

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Mexico, comprising 85% of total imports. The second position in the ranking was taken by Spain ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +20.3%.

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, rising by 87% against the previous year. Overall, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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