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Mexico - Heterocyclic Compounds - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico's Heterocyclic Compound Imports Hit a Low of $112 Million in 2023
Mexico Heterocyclic Compound Imports
After three years of growth, overseas purchases of heterocyclic compounds decreased by -22.1% to 15K tons in 2023. In general, total imports indicated a measured increase from 2013 to 2023: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 21%. Imports peaked at 20K tons in 2022, and then declined markedly in the following year.
In value terms, heterocyclic compound imports contracted rapidly to $112M (IndexBox estimates) in 2023. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2022 with an increase of 31% against the previous year. Imports peaked at $242M in 2013; however, from 2014 to 2023, imports failed to regain momentum.
COUNTRY | Import Value of Heterocyclic Compound in Mexico (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
China | 19.6 | 30.4 | 29.8 | 31.2 | 34.5 | 45.5 | 44.9 | 48.0 | 56.0 | 82.5 | 50.5 |
India | 17.9 | 21.2 | 22.4 | 17.7 | 24.2 | 29.5 | 22.7 | 27.6 | 28.5 | 33.1 | 26.4 |
United States | 38.2 | 27.5 | 30.4 | 29.3 | 27.2 | 28.4 | 30.8 | 26.7 | 18.3 | 25.7 | 19.8 |
United Kingdom | 40.9 | 36.2 | 25.3 | 14.9 | 16.7 | 14.8 | 15.7 | 19.3 | 13.6 | 17.3 | 5.9 |
Italy | 18.9 | 12.2 | 11.3 | 13.7 | 13.6 | 11.9 | 5.3 | 2.3 | 1.9 | 2.9 | 2.3 |
Germany | 5.8 | 7.2 | 5.8 | 6.4 | 5.9 | 6.5 | 4.9 | 3.6 | 5.5 | 2.8 | 1.8 |
Ireland | 76.2 | 50.7 | 45.5 | 25.9 | 13.2 | 15.5 | 18.4 | 10.2 | 3.2 | 1.9 | 0.6 |
Others | 24.2 | 12.8 | 19.7 | 11.9 | 17.8 | 15.8 | 7.2 | 9.7 | 4.3 | 5.8 | 4.6 |
Total | 242 | 198 | 190 | 151 | 153 | 168 | 150 | 147 | 131 | 172 | 112 |
Imports by Country
In 2023, China (11K tons) constituted the largest supplier of heterocyclic compound to Mexico, accounting for a 73% share of total imports. Moreover, heterocyclic compound imports from China exceeded the figures recorded by the second-largest supplier, the United States (1.6K tons), sevenfold. India (1.5K tons) ranked third in terms of total imports with a 9.6% share.
From 2013 to 2023, the average annual growth rate of volume from China amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.2% per year) and India (+0.0% per year).
In value terms, the largest heterocyclic compound suppliers to Mexico were China ($50M), India ($26M) and the United States ($20M), with a combined 86% share of total imports.
China, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Imports by Type
In 2023, heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts (15K tons) was the main type of heterocyclic compounds supplied to Mexico, with a 100% share of total imports. It was followed by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts (31 tons), with a 0.2% share of total imports. The third position in this ranking was taken by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts (10 tons), with a 0.1% share.
From 2013 to 2023, the average annual growth rate of the volume of heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts imports stood at +2.0%. With regard to the other supplied products, the following average annual rates of growth were recorded: heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts (-3.3% per year) and heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts (-1.7% per year).
In value terms, heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts ($111M) constituted the largest type of heterocyclic compounds supplied to Mexico, comprising 99% of total imports. The second position in the ranking was taken by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts ($491K), with a 0.4% share of total imports. It was followed by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, piperidine and its salts, with a 0.4% share.
Import Prices by Country
In 2023, the heterocyclic compound price stood at $7,343 per ton (CIF, Mexico), dropping by -16.5% against the previous year. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2022 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $19,281 per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($17,938 per ton), while the price for Taiwan (Chinese) ($2,751 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the heterocyclic compound market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20145280 -
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023