Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico (CIF) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico (FOB) - 2023
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico (CIF) - 2023
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $945 per ton in October 2023, approximately reflecting the previous month. Overall, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 13% month-to-month. The import price peaked at $1,076 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were the United States ($945 per ton) and South Korea ($945 per ton), while the price for Singapore ($945 per ton) and China ($945 per ton) were amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico (FOB) - 2023
In October 2023, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $962 per ton, almost unchanged from the previous month. In general, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 15% against the previous month. As a result, the export price reached the peak level of $1,105 per ton. From May 2023 to October 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In October 2023, the highest price was recorded for prices to Guatemala ($962 per ton) and the United States ($962 per ton), while the average price for exports to Costa Rica ($962 per ton) and Nicaragua ($962 per ton) were amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico
In 2022, approx. 22M tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were imported into Mexico; growing by 4.2% on the previous year. Over the period under review, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by 10%.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $23.9B in 2022. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.2 | 9.2 | 14.2 | 21.1 | 11.6% |
| Netherlands | 0.7 | 0.8 | 0.8 | 2.0 | 41.9% |
| China | 0.7 | 0.4 | 0.1 | 0.3 | -24.6% |
| Others | 0.8 | 0.1 | 0.5 | 0.6 | -9.1% |
| Total | 17.4 | 10.4 | 15.6 | 23.9 | 11.2% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Mexico in 2022:
- United States (19.6M tons)
- Netherlands (1.9M tons)
- China (0.2M tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico
In 2022, exports of petroleum spirit for motor vehicles **legacy non-wco code**s from Mexico dropped notably to 249K tons, which is down by -74.9% against the previous year. Overall, exports recorded a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 631%.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s fell notably to $270M in 2022. Over the period under review, exports showed a sharp descent. The growth pace was the most rapid in 2021 with an increase of 816%.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 210 | 75.7 | 669 | 224 | 2.2% |
| Guatemala | 0.5 | 0.1 | 5.6 | 12.7 | 194.0% |
| Colombia | 101 | 0.1 | 6.7 | 12.4 | -50.3% |
| El Salvador | 0.4 | 0.3 | 5.2 | 7.2 | 162.1% |
| Costa Rica | N/A | N/A | 3.1 | 7.0 | 125.8% |
| Japan | 78.3 | N/A | N/A | N/A | 0% |
| Panama | 354 | N/A | N/A | N/A | 0% |
| Netherlands | 131 | N/A | N/A | N/A | 0% |
| Others | 43.7 | 1.6 | 22.4 | 6.2 | -47.8% |
| Total | 919 | 77.7 | 712 | 270 | -33.5% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Mexico in 2022:
- United States (206.9K tons)
- Guatemala (11.7K tons)
- Colombia (11.4K tons)
- El Salvador (6.6K tons)
- Costa Rica (6.5K tons)
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