Mexico: Other Chemical Products Market 2025

Other Chemical Products Market Size in Mexico

The Mexican other chemical products market dropped significantly to $X in 2022, with a decrease of -33.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a mild contraction. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from Mexico

For the fourth year in a row, Mexico recorded decline in shipments abroad of other chemical products, which decreased by 0% to X tons in 2022. Overall, exports showed a sharp slump. The pace of growth appeared the most rapid in 2014 when exports increased by 108% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, other chemical products exports stood at $X in 2022. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 36%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for other chemical products exports from Mexico, with a 62% share of total exports. Moreover, other chemical products exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-13.5% per year) and Brazil (-12.5% per year).

It was followed by Guatemala, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-0.4% per year) and Guatemala (-4.4% per year).

Export Prices by Country

In 2022, the average other chemical products export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 80%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Guatemala ($X per ton), while the average price for exports to Argentina ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Mexico

In 2022, supplies from abroad of other chemical products decreased by 0% to X tons, falling for the fourth year in a row after two years of growth. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 16%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, other chemical products imports totaled $X in 2022. Over the period under review, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest other chemical products supplier to Mexico, accounting for a 74% share of total imports. Moreover, other chemical products imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.0% per year) and Spain (+4.1% per year).

In value terms, the United States ($X) constituted the largest supplier of other chemical products to Mexico, comprising 75% of total imports. The second position in the ranking was held by Germany ($X), with a 5% share of total imports. It was followed by China, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.7% per year) and China (-2.9% per year).

Import Prices by Country

In 2022, the average other chemical products import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price enjoyed a tangible increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per ton) and the United States ($X per ton), while the price for Japan ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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