Organo-Sulphur Compounds; Methionine Price in Mexico - 2023

Contents:

1. Organo-Sulphur Compounds; Methionine Price in Mexico (CIF) - 2023
2. Organo-Sulphur Compounds; Methionine Price in Mexico (FOB) - 2022
3. Organo-Sulphur Compounds; Methionine Imports in Mexico
4. Organo-Sulphur Compounds; Methionine Exports in Mexico

Organo-Sulphur Compounds; Methionine Price in Mexico (CIF) - 2023

The average organo-sulphur compounds; methionine import price stood at $1,805 per ton in June 2023, approximately mirroring the previous month. Overall, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 61% month-to-month. Over the period under review, average import prices attained the peak figure at $7,238 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to 0.0% per month.

Organo-Sulphur Compounds; Methionine Price in Mexico (FOB) - 2022

In 2022, the average organo-sulphur compounds; methionine export price amounted to $4,008 per ton, growing by 31% against the previous year. Overall, the export price, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 162%. As a result, the export price attained the peak level of $6,989 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -12.2% per year.

Organo-Sulphur Compounds; Methionine Imports in Mexico

In 2022, overseas purchases of organo-sulphur compounds; methionines decreased by -31.4% to 1.1K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 688%. As a result, imports reached the peak of 6.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, organo-sulphur compounds; methionine imports declined rapidly to $3.4M in 2022. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 620%. As a result, imports reached the peak of $21M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Organo-Sulphur Compounds; Methionine to Mexico in 2022:

1. China (720.3 tons)
2. Japan (353.7 tons)

Organo-Sulphur Compounds; Methionine Exports in Mexico

In 2022, shipments abroad of organo-sulphur compounds; methionines decreased by -4.6% to 31 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 334%. As a result, the exports reached the peak of 71 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, organo-sulphur compounds; methionine exports soared to $123K in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, the exports attained the peak of $148K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Organo-Sulphur Compounds; Methionine from Mexico in 2022:

1. Brazil (30.7 tons)

Source: IndexBox Market Intelligence Platform