Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $10,334 per ton in 2022, picking up by 48% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids increased by +71.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($22,600 per ton), while the average price for exports to Canada ($920 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $7,656 per ton, dropping by -7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $8,257 per ton, and then fell in the following year.
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 ($27,333 per ton), while the price for China ($7,396 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -13.5% to 104 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 76% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $1.1M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 86%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.1 | 166 | 429 | 260 | 1275.1% |
| Switzerland | 31.0 | 63.8 | 68.5 | 206 | 88.0% |
| United States | 246 | 389 | 165 | 177 | -10.4% |
| Germany | 17.8 | 23.6 | 11.1 | 149 | 103.0% |
| United Kingdom | 1.7 | 5.9 | 6.1 | 74.0 | 251.8% |
| Portugal | N/A | N/A | N/A | 67.5 | 0% |
| Singapore | 36.2 | 21.9 | 32.8 | 50.2 | 11.5% |
| Canada | 2.5 | 4.3 | 6.7 | 1.2 | -21.7% |
| Others | 64.7 | 67.9 | 126 | 92.9 | 12.8% |
| Total | 400 | 742 | 844 | 1,078 | 39.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Mexico in 2022:
- South Korea (32.0 tons)
- United States (20.8 tons)
- Switzerland (18.6 tons)
- Germany (8.8 tons)
- United Kingdom (7.6 tons)
- Singapore (4.6 tons)
- Portugal (4.0 tons)
- Canada (1.3 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico
In 2022, after two years of decline, there was significant growth in purchases abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, when their volume increased by 1,699% to 89 tons. Over the period under review, imports, however, faced a abrupt decrease.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $678K in 2022. Overall, imports, however, recorded a abrupt decline.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 655 | 688 | N/A | 407 | -14.7% |
| United States | 71.6 | 92.2 | 31.3 | 250 | 51.7% |
| Germany | 54.4 | 31.3 | 2.6 | 12.7 | -38.4% |
| Others | 83.0 | 33.0 | 6.8 | 7.9 | -54.3% |
| Total | 864 | 845 | 40.7 | 678 | -7.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Mexico in 2022:
- China (55.1 tons)
- United States (32.4 tons)
- Germany (0.5 tons)
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