Mexico: Propellant Powders Market 2024

Propellant Powders Market Size in Mexico

The Mexican propellant powders market totaled $X in 2021, picking up by 6.7% 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). Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.4% 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 increased by +72.0% against 2017 indices. Propellant powders consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Propellant Powders Exports

Exports from Mexico

For the fourth consecutive year, Mexico recorded decline in overseas shipments of propellant powders, which decreased by -16.9% to X kg in 2021. In general, exports showed a significant decrease. The growth pace was the most rapid in 2017 with an increase of 153%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, propellant powders exports fell rapidly to $X in 2021. Over the period under review, exports showed a sharp shrinkage. The growth pace was the most rapid in 2017 when exports increased by 45%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belize (X kg) was the main destination for propellant powders exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Belize totaled -36.3%.

In value terms, Belize ($X) also remains the key foreign market for propellant powders exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to Belize totaled -43.4%.

Export Prices by Country

The average propellant powders export price stood at $X per ton in 2021, with a decrease of -3% against the previous year. In general, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 262% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Belize.

From 2012 to 2021, the rate of growth in terms of prices for Belize amounted to -11.2% per year.

Propellant Powders Imports

Imports into Mexico

For the fourth consecutive year, Mexico recorded growth in purchases abroad of propellant powders, which increased by 11% to X tons in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, propellant powders imports expanded markedly to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 58% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of propellant powders to Mexico, accounting for a 75% share of total imports. Moreover, propellant powders imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by Switzerland (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+14.2% per year) and Switzerland (+52.0% per year).

In value terms, the United States ($X) constituted the largest supplier of propellant powders to Mexico, comprising 71% of total imports. The second position in the ranking was held by Belgium ($X), with a 14% share of total imports. It was followed by Switzerland, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.6% per year) and Switzerland (+52.7% per year).

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2021, dropping by -5.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 an increase of 42% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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