Price for Mineral Substances Not Elsewhere Specified or Included in Mexico - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Mexico (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Mexico (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Mexico
- Exports of Mineral Substances Not Elsewhere Specified or Included in Mexico
Price for Mineral Substances Not Elsewhere Specified or Included in Mexico (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $2,101 per ton, with an increase of 18% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 58% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($10,434 per ton), while the price for Spain ($1,387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Mexico (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $1,061 per ton, growing by 8.1% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 62% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +36.5% per year.
Imports of Mineral Substances Not Elsewhere Specified or Included in Mexico
In 2022, imports of mineral substances not elsewhere specified or includeds into Mexico surged to 25K tons, growing by 24% on the previous year. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +75.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of mineral substances not elsewhere specified or includeds soared to $53M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +90.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 8.5 | 9.3 | 18.5 | 22.7 | 38.7% |
| United States | 13.0 | 10.8 | 11.4 | 14.9 | 4.7% |
| Italy | 1.6 | 1.2 | 1.1 | 6.8 | 62.0% |
| China | 3.6 | 2.4 | 3.3 | 4.4 | 6.9% |
| Australia | 2.2 | 1.4 | 1.1 | 2.0 | -3.1% |
| Brazil | 1.1 | 0.8 | 0.5 | 1.0 | -3.1% |
| Others | 3.7 | 1.9 | 0.7 | 1.3 | -29.4% |
| Total | 33.6 | 27.8 | 36.4 | 53.0 | 16.4% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Mexico in 2022:
- Spain (16.4K tons)
- United States (5.2K tons)
- China (1.2K tons)
- Australia (0.9K tons)
- Brazil (0.7K tons)
- Italy (0.7K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Mexico
Exports of mineral substances not elsewhere specified or includeds from Mexico reduced remarkably to 15K tons in 2022, shrinking by -48.9% on 2021 figures. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. As a result, the exports reached the peak of 29K tons, and then declined dramatically in the following year.
In value terms, exports of mineral substances not elsewhere specified or includeds contracted remarkably to $15M in 2022. Overall, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, the exports reached the peak of $28M, and then contracted markedly in the following year.
| Export of Mineral Substances Not Elsewhere Specified or Included in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.2 | 12.7 | 27.6 | 15.2 | -2.1% |
| Others | 0.3 | 0.9 | 0.3 | 0.3 | 0.0% |
| Total | 16.6 | 13.6 | 28.0 | 15.5 | -2.3% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Mexico in 2022:
- United States (14.3K tons)
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