Carboxylic Acid Market Overview in Mexico
In value terms, carboxylic acid production rose significantly to $ in estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. from 2019 to , production growth failed to regain the momentum.
The value of the carboxylic acid market in Mexico soared to $ in , surging 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, the total consumption indicated a noticeable expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. Over the period under review, the market reached the maximum level at $ in 2018; afterwards, it flattened through to .