Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Mexico - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Mexico (CIF) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Mexico
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Mexico (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $947 per ton in August 2023, growing by 1.9% against the previous month. Over the last four months, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in May 2023 an increase of 26% against the previous month. As a result, import price attained the peak level of $1,110 per ton. From June 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,480 per ton), while the price for the United States ($721 per ton) was amongst the lowest.
From April 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Mexico
In 2022, imports of acids; saturated acyclic monocarboxylic acids; formic acids into Mexico dropped modestly to 11K tons, shrinking by -3.4% on 2021 figures. Overall, imports showed a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 49%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $12M in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 123% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 1.2 | 3.2 | 3.2 | 8.6% |
| China | 0.7 | 0.3 | 0.5 | 2.5 | 52.9% |
| Germany | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Others | 3.6 | 1.8 | 4.1 | 6.1 | 19.2% |
| Total | 7.3 | 3.7 | 8.2 | 12.2 | 18.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Mexico in 2022:
- United States (4.1K tons)
- China (2.0K tons)
- Germany (0.3K tons)
338
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Mexico.
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This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Mexico.
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This report provides an in-depth analysis of the acetic acid market in Mexico.
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