Amine-Function Compounds Market in Mexico
Market Overview
The Mexican amine-function compounds market expanded notably 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, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
In value terms, amine-function compounds production stood at $ in estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2013; however, from 2014 to , production failed to regain momentum.
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, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.In value terms, amine-function compounds production stood at $
in estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2013; however, from 2014 to , production failed to regain momentum.Consumption
In , consumption of amine-function compounds was finally on the rise to reach tons for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of %. Over the period under review, consumption attained the peak volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.
The revenue of the amine-function compounds market in Mexico totaled $ in , remaining constant 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). Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
, consumption of amine-function compounds was finally on the rise to reach tons for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of %. Over the period under review, consumption attained the peak volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.The revenue of the amine-function compounds market in Mexico totaled $
in , remaining constant 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). Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by rising demand for amine-function compounds in Mexico, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Mexico remains a net importer of amine-function compounds; 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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