Mexico: Thiosulphates Market 2024

Thiosulphates Market Size in Mexico

In 2021, the Mexican thiosulphates market increased by 26% to $X, rising for the sixth consecutive year after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% 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 +103.5% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Thiosulphates Exports

Exports from Mexico

In 2021, exports of thiosulphates from Mexico skyrocketed to X tons, increasing by 59% on 2020. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 123% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, thiosulphates exports surged to $X in 2021. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 197% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for thiosulphates exports from Mexico, with a 90% share of total exports. Moreover, thiosulphates exports to the United States exceeded the volume sent to the second major destination, Honduras (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (0.0% per year) and Canada (+68.4% per year).

In value terms, the United States ($X) remains the key foreign market for thiosulphates exports from Mexico, comprising 91% of total exports. The second position in the ranking was taken by Honduras ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (0.0% per year) and Canada (+40.1% per year).

Export Prices by Country

The average thiosulphates export price stood at $X per ton in 2021, declining by -11.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 41%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat 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 the United States ($X per ton), while the average price for exports to Honduras ($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 Austria (+35.5%), while the prices for the other major destinations experienced mixed trend patterns.

Thiosulphates Imports

Imports into Mexico

In 2021, overseas purchases of thiosulphates increased by 30% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, thiosulphates imports skyrocketed to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.8% 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 increased by +69.5% against 2013 indices. The pace of growth was the most pronounced in 2013 with an increase of 26%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X tons) was the main supplier of thiosulphates to Mexico, with a 97% share of total imports. Moreover, thiosulphates imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +11.0%.

In value terms, the United States ($X) constituted the largest supplier of thiosulphates to Mexico, comprising 93% of total imports. The second position in the ranking was held by China ($X), with a 7.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +9.4%.

Import Prices by Country

In 2021, the average thiosulphates import price amounted to $X per ton, declining by -4.8% against the previous year. Over the period under review, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average 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 China ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%).

Source: IndexBox Platform

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