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Mexico - Phthalic Anhydride, Terephthalic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Phthalic Anhydride and Terephthalic Acid in Mexico - 2023
Contents:
- Price for Phthalic Anhydride and Terephthalic Acid in Mexico (FOB) - 2022
- Price for Phthalic Anhydride and Terephthalic Acid in Mexico (CIF) - 2023
- Exports of Phthalic Anhydride and Terephthalic Acid in Mexico
- Imports of Phthalic Anhydride and Terephthalic Acid in Mexico
Price for Phthalic Anhydride and Terephthalic Acid in Mexico (FOB) - 2022
The average export price for phthalic anhydride, terephthalic acid and its salts stood at $1,084 per ton in 2022, surging by 31% against the previous year. In general, the export price, however, continues to indicate a slight decline. Over the period under review, the average export prices reached the peak figure at $1,228 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($1,132 per ton) and Brazil ($1,105 per ton), while the average price for exports to Argentina ($763 per ton) and Spain ($1,070 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.4%), while the prices for the other major destinations experienced a decline.
Price for Phthalic Anhydride and Terephthalic Acid in Mexico (CIF) - 2023
The average import price for phthalic anhydride, terephthalic acid and its salts stood at $1,214 per ton in June 2023, standing approximately at the previous month. Overall, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 19% against the previous month. The import price peaked at $1,529 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($1,253 per ton), while the price for China totaled $1,192 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Russia (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Phthalic Anhydride and Terephthalic Acid in Mexico
Phthalic anhydride and terephthalic acid exports from Mexico contracted to 517K tons in 2022, reducing by -1.7% on the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 10% against the previous year. As a result, the exports attained the peak of 526K tons, and then declined modestly in the following year.
In value terms, phthalic anhydride and terephthalic acid exports skyrocketed to $560M in 2022. Over the period under review, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.3% 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 +67.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Phthalic Anhydride and Terephthalic Acid in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 26.0 | 53.6 | 58.3 | 134 | 72.7% |
United States | 337 | 177 | 168 | 106 | -32.0% |
Italy | 37.6 | 26.1 | 40.6 | 67.5 | 21.5% |
Spain | 34.5 | 27.7 | 33.8 | 52.3 | 14.9% |
Argentina | 63.4 | 23.6 | 23.1 | 34.3 | -18.5% |
Others | 25.1 | 25.5 | 112 | 167 | 88.1% |
Total | 523 | 334 | 436 | 560 | 2.3% |
Top Export Markets for Phthalic Anhydride and Terephthalic Acid from Mexico in 2022:
- Brazil (121.1K tons)
- United States (93.7K tons)
- Italy (63.0K tons)
- Spain (48.8K tons)
- Argentina (45.0K tons)
Imports of Phthalic Anhydride and Terephthalic Acid in Mexico
After two years of decline, supplies from abroad of phthalic anhydride, terephthalic acid and its salts increased by 1,913% to 5.1K tons in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, phthalic anhydride and terephthalic acid imports soared to $6M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Phthalic Anhydride and Terephthalic Acid in Mexico (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.5 | 45.4 | 26.4 | 3,811 | 665.4% |
United States | 5.7 | 96.2 | 36.5 | 861 | 432.6% |
South Korea | 18.9 | 156 | 40.0 | 820 | 251.4% |
Russia | 21.2 | 115 | 14.8 | 478 | 182.5% |
Portugal | 1,449 | N/A | N/A | N/A | 0% |
Others | 16.3 | 89.1 | 101 | N/A | 148.9% |
Total | 1,520 | 503 | 219 | 5,971 | 57.8% |
Top Suppliers of Phthalic Anhydride and Terephthalic Acid to Mexico in 2022:
- China (2.7K tons)
- South Korea (1.4K tons)
- United States (0.6K tons)
- Russia (0.3K tons)
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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