Mexico: Feldspar Market 2024

Feldspar Market Size in Mexico

The Mexican feldspar market declined modestly to $X in 2023, shrinking by X% against the previous year. In general, consumption, however, saw a pronounced curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Feldspar Production in Mexico

In value terms, feldspar production dropped dramatically to $X in 2023 estimated in export price. Overall, production saw a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Feldspar production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Feldspar Exports

Exports from Mexico

In 2023, after two years of decline, there was significant decline in shipments abroad of feldspar, when their volume decreased by X% to X tons. In general, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, feldspar exports contracted notably to $X in 2023. Over the period under review, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for feldspar exports from Mexico, accounting for a X% share of total exports. Moreover, feldspar exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), fivefold. Egypt (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Egypt (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for feldspar exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with an X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The average feldspar export price stood at $X per ton in 2023, approximately equating the previous year. Over the period under review, the export price, however, showed a temperate expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Feldspar Imports

Imports into Mexico

In 2023, supplies from abroad of feldspar was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, showed a mild reduction. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, feldspar imports skyrocketed to $X in 2023. In general, imports, however, recorded a noticeable setback. Imports peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Guatemala (X tons) and Spain (X tons) were the main suppliers of feldspar imports to Mexico, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Guatemala (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest feldspar suppliers to Mexico were the United States ($X), Guatemala ($X) and Spain ($X), with a combined X% share of total imports.

Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average feldspar import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform