Market for Titanium Ore and Concentrate in Mexico
Market Overview
The Mexican titanium ore and concentrate market skyrocketed to $
in , increasing 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 continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
in , increasing 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 continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.Consumption
In , consumption of titanium ores and concentrates in Mexico skyrocketed to tons, growing by % compared with the previous year. Overall, consumption posted prominent growth. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.
The size of the titanium ore and concentrate market in Mexico soared to $ in , jumping 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). Over the period under review, consumption saw a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
, consumption of titanium ores and concentrates in Mexico skyrocketed to tons, growing by % compared with the previous year. Overall, consumption posted prominent growth. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.The size of the titanium ore and concentrate market in Mexico soared to $
in , jumping 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). Over the period under review, consumption saw a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.Market Forecast
The titanium ore and concentrate market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 .
% for the eight-year 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
Titanium ore and concentrate market in Mexico consists almost entirely of imported products.
Trade Balance
Mexico remains a net importer of titanium ore and concentrate; 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.
. 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.
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