Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Mexico - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Mexico (CIF) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Mexico
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Mexico (CIF) - 2024
In August 2023, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $744 per ton, with an increase of 3.8% against the previous month. Over the period under review, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 30% m-o-m. Over the period under review, average import prices attained the peak figure at $885 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From April 2023 to August 2023, the rate of growth in terms of prices for Germany amounted to +101.9% per month.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Mexico
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -8% to 6.8K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, imports attained the peak of 7.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $6.7M in 2022. In general, imports showed a perceptible curtailment.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 957 | 1,296 | 1,255 | 1,559 | 17.7% |
| United States | 1,601 | 346 | 754 | 863 | -18.6% |
| Germany | 371 | 222 | 203 | 488 | 9.6% |
| Spain | 694 | 488 | 523 | 434 | -14.5% |
| Others | 3,651 | 2,352 | 2,736 | 3,344 | -2.9% |
| Total | 7,274 | 4,704 | 5,471 | 6,688 | -2.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Mexico in 2022:
- China (1.3K tons)
- United States (1.1K tons)
- Spain (0.6K tons)
- Germany (0.3K tons)
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