Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Mexico - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Mexico (CIF) - 2023
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Mexico
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Mexico (CIF) - 2023
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,288 per ton in October 2023, with a decrease of -5.3% against the previous month. Overall, the import price saw a pronounced contraction. The pace of growth appeared the most rapid in April 2023 an increase of 7.5% m-o-m. Over the period under review, average import prices attained the peak figure at $1,884 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($1,291 per ton), while the price for China totaled $1,248 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (-2.3%).
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Mexico
In 2022, after three years of growth, there was significant decline in overseas purchases of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses, when their volume decreased by -28.3% to 19K tons. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 44%.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses reduced rapidly to $36M in 2022. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 89%. As a result, imports reached the peak of $49M, and then shrank markedly in the following year.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.7 | 24.5 | 47.8 | 35.5 | 21.7% |
| China | 1.4 | 0.6 | 1.0 | 0.6 | -24.6% |
| Russia | 1.0 | 0.8 | N/A | N/A | -20.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 22.2 | 25.9 | 48.8 | 36.1 | 17.6% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Mexico in 2022:
- United States (18.6K tons)
- China (0.3K tons)
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