Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico - 2023
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico (CIF) - 2023
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico (FOB) - 2023
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico (CIF) - 2023
The average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $1,960 per ton in December 2023, reducing by -5.4% against the previous month. Over the period under review, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in November 2023 an increase of 5.9% month-to-month. The import price peaked at $2,379 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,442 per ton), while the price for China ($1,624 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico (FOB) - 2023
The average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $3,900 per ton in October 2023, approximately reflecting the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level of $4,239 per ton. From January 2023 to October 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to -0.8% per month.
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas purchases of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, which increased by 5.6% to 36K tons in 2022. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses soared to $93M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.8 | 24.9 | 35.9 | 39.2 | 8.4% |
| China | 13.3 | 14.2 | 21.1 | 25.3 | 23.9% |
| South Korea | 10.3 | 11.8 | 15.4 | 23.9 | 32.4% |
| Japan | 2.0 | 1.5 | 1.1 | 1.8 | -3.5% |
| Netherlands | N/A | 2.5 | 1.5 | 1.6 | -20.0% |
| Germany | 1.3 | 1.3 | 1.5 | 1.6 | 7.2% |
| Others | 1.1 | 0.4 | N/A | N/A | -63.6% |
| Total | 58.7 | 56.6 | 76.3 | 93.4 | 16.7% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Mexico in 2022:
- United States (13.8K tons)
- China (12.2K tons)
- South Korea (9.0K tons)
- Germany (0.4K tons)
- Netherlands (0.3K tons)
- Japan (0.3K tons)
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico
In 2022, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses from Mexico fell modestly to 506 tons, with a decrease of -3.4% against 2021. In general, exports recorded a abrupt decrease.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses surged to $2.3M in 2022. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.0 | 1.4 | 1.6 | 2.3 | 4.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.0 | 1.4 | 1.6 | 2.3 | 4.8% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Mexico in 2022:
- United States (505.9 tons)
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