Mexico - Salicylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Mexico - Salicylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights

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Salicylic Acid Price in Mexico - 2023

Contents:

  1. Salicylic Acid Price in Mexico (CIF) - 2023
  2. Salicylic Acid Price in Mexico (FOB) - 2022
  3. Salicylic Acid Imports in Mexico
  4. Salicylic Acid Exports in Mexico

Salicylic Acid Price in Mexico (CIF) - 2023

In June 2023, the average salicylic acid import price amounted to $2,054 per ton, rising by 15% against the previous month. Overall, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 135% against the previous month. As a result, import price attained the peak level of $8,434 per ton. From January 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($10,122 per ton), while the price for China stood at $2,009 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+4.6%).

Salicylic Acid Price in Mexico (FOB) - 2022

In 2021, the average salicylic acid export price amounted to $14,390 per ton, shrinking by -17.1% against the previous year. Overall, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 21% against the previous year. The export price peaked at $21,724 per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($19,613 per ton), while the average price for exports to Germany ($5,271 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+31.1%), while the prices for the other major destinations experienced mixed trend patterns.

Salicylic Acid Imports in Mexico

In 2022, purchases abroad of salicylic acid and its salts decreased by -17% to 2.6K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. As a result, imports attained the peak of 4.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, salicylic acid imports stood at $7.4M in 2022. In general, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Salicylic Acid in Mexico (Million USD)
COUNTRY201920202021CAGR,
2019-2021
China4.35.75.18.9%
France0.61.41.768.3%
Germany3.03.30.4-63.5%
India0.40.50.1-50.0%
Others0.30.3N/A0.0%
Total8.511.47.3-7.3%

Top Suppliers of Salicylic Acid to Mexico in 2022:

  1. China (2555.5 tons)
  2. France (486.7 tons)
  3. Germany (20.0 tons)
  4. India (13.6 tons)

Salicylic Acid Exports in Mexico

In 2022, the amount of salicylic acid and its salts exported from Mexico shrank dramatically to 71 tons, reducing by -23.9% against the previous year's figure. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, the exports reached the peak of 94 tons, and then declined dramatically in the following year.

In value terms, salicylic acid exports declined notably to $1.1M in 2022. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $1.3M, and then reduced sharply in the following year.

Export of Salicylic Acid in Mexico (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
United States907800853-3.0%
Pakistan12.322.316.014.1%
Germany6.42.610.427.5%
Others26.222.7469323.1%
Total9528481,34819.0%

Top Export Markets for Salicylic Acid from Mexico in 2022:

  1. United States (49.1 tons)
  2. Germany (2.0 tons)
  3. Pakistan (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the salicylic acid market 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 21101030 - Salicylic 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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