Mexico: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Mexico

The Mexican phosphorus, arsenic and selenium market skyrocketed to $X in 2021, growing by 106% against the previous year. Over the period under review, consumption, however, recorded a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Phosphorus, Arsenic And Selenium in Mexico

In value terms, phosphorus, arsenic and selenium production amounted to less than $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume decreased by 99.9%. Phosphorus, arsenic and selenium production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Phosphorus, Arsenic And Selenium

Exports from Mexico

In 2021, the amount of phosphorus, arsenic and selenium exported from Mexico skyrocketed to X tons, jumping by 54% on 2020. Over the period under review, total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 74% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, phosphorus, arsenic and selenium exports reached $X in 2021. Overall, exports, however, faced a deep slump. The growth pace was the most rapid in 2017 with an increase of 60%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for phosphorus, arsenic and selenium exports from Mexico, accounting for a 55% share of total exports. Moreover, phosphorus, arsenic and selenium exports to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. Guatemala (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.5% per year) and Guatemala (+10.6% per year).

In value terms, the largest markets for phosphorus, arsenic and selenium exported from Mexico were the United States ($X), India ($X) and China ($X), together comprising 53% of total exports.

India, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, among 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 phosphorus, arsenic and selenium export price stood at $X per ton in 2021, dropping by -29.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 6.3%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($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 (-5.5%), while the prices for the other major destinations experienced a decline.

Imports of Phosphorus, Arsenic And Selenium

Imports into Mexico

In 2021, supplies from abroad of phosphorus, arsenic and selenium decreased by -12.8% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, phosphorus, arsenic and selenium imports reduced sharply to $X in 2021. Over the period under review, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 81%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of phosphorus, arsenic and selenium to Mexico, with a 34% share of total imports. Moreover, phosphorus, arsenic and selenium imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Peru (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.9% per year) and Peru (+66.9% per year).

In value terms, the largest phosphorus, arsenic and selenium suppliers to Mexico were the UK ($X), the United States ($X) and Peru ($X), with a combined 74% share of total imports.

Among the main suppliers, Peru, with a CAGR of +68.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average phosphorus, arsenic and selenium import price stood at $X per ton in 2021, waning by -27.6% against the previous year. Overall, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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