Cerium Compounds Price in Mexico - 2023
Contents:
Cerium Compounds Price in Mexico (CIF) - 2022
In 2022, the average cerium compounds import price amounted to $4,811 per ton, falling by -25.5% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $35,234 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($13,017 per ton), while the price for China ($3,420 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), while the prices for the other major suppliers experienced a decline.
Cerium Compounds Imports in Mexico
After two years of decline, purchases abroad of cerium compoundses increased by 68% to 67 tons in 2022. In general, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cerium compounds imports soared to $322K in 2022. Overall, imports, however, saw a precipitous contraction.
| Import of Cerium Compounds in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 445 | 294 | 206 | 180 | -26.0% |
| United States | 100 | 80.6 | 51.1 | 140 | 11.9% |
| Germany | 238 | N/A | N/A | 1.6 | -81.1% |
| Others | N/A | 12.1 | N/A | N/A | 0% |
| Total | 783 | 387 | 257 | 322 | -25.6% |
Top Suppliers of Cerium Compounds to Mexico in 2022:
- China (52.7 tons)
- United States (14.1 tons)
- Germany (0.1 tons)
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This report provides an in-depth analysis of the market for compounds of rare-earth metals in Mexico.
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This report provides an in-depth analysis of the global market for compounds of rare-earth metals.
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This report provides an in-depth analysis of the market for compounds of rare-earth metals in Mexico.
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This report provides an in-depth analysis of the global market for compounds of rare-earth metals.
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