Mexico: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2025

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Mexico

In 2022, the Mexican pigments, opacifiers and colours market increased by 5.5% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Mexico

In value terms, pigments, opacifiers and colours production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 11%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Mexico

In 2022, after three years of decline, there was significant growth in overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass, when their volume increased by 24% to X tons. Overall, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by 65%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pigments, opacifiers and colours exports surged to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 93%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for pigments, opacifiers and colours exports from Mexico, accounting for a 97% share of total exports. It was followed by Guatemala (X tons), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-3.6% per year) and Colombia (-30.9% per year).

In value terms, the United States ($X) remains the key foreign market for pigments, opacifiers and colours for ceramics, enamelling or glass exports from Mexico, comprising 96% of total exports. The second position in the ranking was held by Guatemala ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-0.2% per year) and Colombia (-29.5% per year).

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $X per ton in 2022, growing by 28% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Mexico

In 2022, purchases abroad of pigments, opacifiers and colours for ceramics, enamelling or glass increased by 34% to X tons, rising for the sixth consecutive year after four years of decline. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 80%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, pigments, opacifiers and colours imports rose remarkably to $X in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of pigments, opacifiers and colours to Mexico, with a 60% share of total imports. Moreover, pigments, opacifiers and colours imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.8% per year) and Italy (+19.2% per year).

In value terms, Spain ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to Mexico, comprising 62% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.5% per year) and the United States (+5.6% per year).

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, declining by -18.9% against the previous year. In general, the import price showed a perceptible slump. The growth pace was the most rapid in 2015 an increase of 37%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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