Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Mexico - 2023
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Mexico (CIF) - 2023
- Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Mexico
Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Mexico (CIF) - 2023
In December 2023, the average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses amounted to $1,216 per ton, therefore, remained relatively stable against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 126% m-o-m. The import price peaked at $50,965 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was China ($1,163 per ton), while the price for India totaled $1,118 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Mexico
Imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses into Mexico reduced slightly to 1.1K tons in 2022, with a decrease of -2.1% against the year before. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, imports reached the peak of 1.1K tons, and then contracted slightly in the following year.
In value terms, imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses soared to $1.8M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 755 | 732 | 971 | 1,150 | 15.1% |
| China | 155 | 149 | 88.4 | 510 | 48.7% |
| United States | 64.1 | 70.6 | 101 | 80.4 | 7.8% |
| Spain | 462 | 229 | 123 | 62.5 | -48.7% |
| Others | 26.7 | 21.2 | N/A | 11.8 | -23.8% |
| Total | 1,463 | 1,201 | 1,284 | 1,815 | 7.5% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to Mexico in 2022:
- India (688.6 tons)
- China (317.5 tons)
- Spain (29.8 tons)
- United States (25.7 tons)
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