Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico (FOB) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,639 per ton in August 2023, jumping by 18% against the previous month. Overall, import price indicated a slight expansion from February 2023 to August 2023: its price increased at an average monthly rate of +1.7% over the last six months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -26.6% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 65% month-to-month. As a result, import price reached the peak level of $2,234 per ton. From July 2023 to August 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was China ($1,323 per ton), while the price for the United States stood at $1,289 per ton.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (-2.1%).
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico (FOB) - 2024
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $4,751 per ton in August 2023, with an increase of 4.2% against the previous month. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in July 2023 an increase of 47% against the previous month. The export price peaked in August 2023.
Average prices varied somewhat for the major external markets. In August 2023, the country with the highest price was Singapore ($6,268 per ton), while the average price for exports to the United States amounted to $4,713 per ton.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico
Imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into Mexico declined to 9.5K tons in 2022, with a decrease of -1.7% against the previous year's figure. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 9.7K tons, and then dropped slightly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $17M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.8 | 10.2 | 11.6 | 14.0 | 5.9% |
| China | 0.2 | 0.5 | 0.7 | 0.9 | 65.1% |
| France | 1.1 | 1.5 | 0.5 | 0.8 | -10.1% |
| Germany | 0.5 | 0.4 | 0.3 | 0.4 | -7.2% |
| Colombia | 1.5 | N/A | 0.1 | 0.2 | -48.9% |
| Others | 0.3 | 0.5 | 0.3 | 0.2 | -12.6% |
| Total | 15.3 | 13.1 | 13.5 | 16.5 | 2.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Mexico in 2022:
- United States (8.2K tons)
- France (0.7K tons)
- China (0.4K tons)
- Germany (0.2K tons)
- Colombia (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico
In 2022, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Mexico dropped remarkably to 1.2K tons, waning by -19.5% compared with 2021. Over the period under review, exports continue to indicate a sharp contraction.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses declined remarkably to $3.7M in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 2.7% against the previous year. As a result, the exports attained the peak of $4.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.2 | 4.3 | 4.4 | 3.5 | -5.9% |
| Brazil | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Guatemala | 0.1 | 0.3 | N/A | 0.1 | 0.0% |
| Colombia | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.5 | 4.7 | 4.4 | 3.7 | -6.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Mexico in 2022:
- United States (1097.0 tons)
- Brazil (32.4 tons)
- Colombia (28.7 tons)
- Guatemala (27.3 tons)
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