Updated Jan 10, 2023 16:46

Bauxite Market in Mexico

Market Overview
In , the Mexican bauxite market decreased by -% to $, falling for the second consecutive year after two years of growth. Overall, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $. From 2011 to , the growth of the market remained at a lower figure.


Consumption
In , consumption of bauxite decreased by -% to tons, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt downturn. As a result, consumption attained the peak volume of tons. From 2011 to , the growth of the consumption failed to regain momentum.

The size of the bauxite market in Mexico declined sharply to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt contraction. As a result, consumption attained the peak level of $. From 2011 to , the growth of the market remained at a lower figure.


Market Forecast
Depressed by shrinking demand for bauxite in Mexico, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Bauxite market in Mexico consists almost entirely of imported products.


Trade Balance
Mexico remains a net importer of bauxite; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.