Mexico Hormones Export Market -- HS Code 2937 Trade Data & Price Trend (Feb 2025)

Mexico Hormones Export (HS 2937) Key Takeaways

Mexico's Hormones Export under HS Code 2937 in February 2025 surged to $15.04 million, driven by a threefold volume increase despite lower unit prices, signaling a shift toward bulk transactions. The trade is dominated by high-value steroidal hormones, with specialized products like 29372999 commanding premium prices above $3,200 per unit. Buyer concentration is extreme, with a single group accounting for 74.6% of total value, led by pharmaceutical giants like Bayer and Teva. Switzerland emerged as the top destination, absorbing 22.7% of exports, reflecting demand for premium-grade products in stringent markets. This analysis is based on cleanly processed Customs data from the yTrade database for February 2025.

Mexico Hormones Export (HS 2937) Background

What is HS Code 2937?

HS Code 2937 covers hormones, prostaglandins, thromboxanes, leukotrienes, and their derivatives or structural analogues, including modified polypeptide hormones. These compounds are critical for pharmaceutical and biotechnology industries, particularly in producing medications for hormonal disorders, inflammation, and cardiovascular diseases. Global demand remains stable due to their essential role in healthcare and therapeutic applications.

Current Context and Strategic Position

While no specific trade news or policy announcements have been made recently, Mexico's Hormones Export under HS Code 2937 remains strategically significant due to its robust pharmaceutical manufacturing sector and proximity to key markets like the U.S. Mexico's trade data for HS Code 2937 reflects its role as a reliable supplier, with exports driven by consistent demand for high-quality active pharmaceutical ingredients. Monitoring market trends and trade dynamics is essential to maintain competitiveness in this specialized segment.

Mexico Hormones Export (HS 2937) Price Trend

Key Observations

Mexico's hormones exports in February 2025 reached $15.04 million in value at an average unit price of $459.06 per kilogram, marking a significant surge from January's $4.54 million despite a sharp decline in per-kilogram pricing. This performance highlights a volatile shift in the Mexico Hormones Export trend, driven primarily by a substantial increase in shipment volume.

Price and Volume Dynamics

The hs code 2937 value trend showed explosive growth from January to February, with value rising over threefold as export weight jumped from 3.46 thousand kilograms to 32.77 thousand kilograms. The simultaneous drop in unit price suggests a move toward bulk transactions or competitive pricing strategies, possibly reflecting broader global demand cycles or currency fluctuations influencing export economics. This sequential momentum indicates a responsive market adapting to supply or demand shifts typical in specialized chemical sectors.

Mexico Hormones Export (HS 2937) HS Code Breakdown

Product Specialization and Concentration

Mexico's HS Code 2937 export in February 2025 is dominated by high-value steroidal hormones, specifically those classified under sub-code 29372999, which describes steroidal hormones other than cortisone and similar types. According to yTrade data, this product accounts for nearly 16% of the total export value with a unit price exceeding 3,200 USD per unit, highlighting its specialized nature. Note that sub-codes for halogenated derivatives (29372299 and 2937229999) show extreme unit prices above 47,000 USD per unit and are treated as anomalies, excluded from the main analysis pool.

Value-Chain Structure and Grade Analysis

The non-anomalous exports can be grouped into three categories based on unit price and product description: high-grade specialized hormones (like 29372999 at ~3,200 USD/unit), standard hormone specifics such as oestrogens and progestogens (e.g., 2937231000 at ~857 USD/unit), and lower-grade general analogues (e.g., 29372929 at ~238 USD/unit). This structure indicates a trade in differentiated manufactured goods rather than fungible bulk commodities, with clear tiers in quality and value-add stages.

Strategic Implication and Pricing Power

Analysis of HS Code 2937 trade data suggests that Mexican exporters have strong pricing power in the high-value specialized segments, allowing for premium positioning. Strategic focus should remain on these high-grade products to maximize returns, while monitoring shifts in demand for standard and lower-grade items to maintain competitive advantage in the hormone export market.

Table: Mexico HS Code 2937) Breakdown Details (Source: yTrade)

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Mexico Hormones Export (HS 2937) Destination Countries

Geographic Concentration and Dominant Role

SWITZERLAND is the dominant destination for Mexico's Hormones exports in February 2025, accounting for 22.66% of the total value. Its value share exceeds its quantity share (18.01%), indicating strong demand for higher-grade or finished hormone products, likely due to Switzerland's stringent pharmaceutical regulations and premium market. The high frequency of shipments (23.17% share) points to consistent, high-value trade flows, supporting the presence of established supply chains for quality-sensitive goods.

Destination Countries Clusters and Underlying Causes

The export partners for Mexico's Hormones form three clusters based on trade patterns. The High-Yield Cluster includes IRELAND and CZECHIA, where value shares (6.49% and 5.81%) significantly outweigh quantity shares (0.22% each), suggesting niche demand for specialized, high-value hormone variants, possibly in research or boutique pharmaceuticals. The Volume Cluster comprises the UNITED STATES, CHINA TAIWAN, and CANADA, where quantity shares (9.43%, 7.67%, and 6.51%) exceed value shares, indicating bulk shipments of lower-cost or raw material hormones, often for generic or agricultural use. The Major Value Cluster features SWITZERLAND, BRAZIL, and INDIA, with high value shares (22.66%, 20.44%, and 19.36%) driven by robust pharmaceutical industries and demand for premium, finished products.

Forward Strategy and Supply Chain Implications

For Mexico's Hormones export strategy, focus on capturing high-margin opportunities in the High-Yield and Major Value Clusters by ensuring product quality and compliance with international standards. Optimize logistics for the Volume Cluster to reduce costs and enhance competitiveness in bulk markets. The trade data for HS Code 2937 shows no impact from recent news, as no specific trade policies were announced, allowing current patterns to guide near-term decisions without external disruptions.

Table: Mexico Hormones (HS 2937) Top Destination Countries (Source: yTrade)

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Mexico Hormones (HS 2937) Buyers Analysis

Buyer Market Concentration and Dominance

According to yTrade data, the Mexico Hormones Export buyers market in February 2025 shows high concentration, with one segment of buyers responsible for 74.63% of the total value. This group also handles 71.43% of all transactions, making frequent, high-value deals the typical trade for hs code 2937 trade data. The four segments of buyers reveal that most activity comes from this core cluster.

Strategic Buyer Clusters and Trade Role

The dominant buyers, including companies like BAYER AG and TEVA PHARMACEUTICALS, act as direct-to-factory users, sourcing hormones for production. Other segments include occasional large buyers contributing 21.98% of value but with low frequency, and smaller, regular buyers with high frequency but low value impact. The profile of hs code 2937 buyers indicates a market driven by established pharmaceutical firms, with minor roles from infrequent, low-value participants.

Sales Strategy and Vulnerability

For Mexico's Hormones Export, the strategy should prioritize maintaining strong ties with the high-value, high-frequency buyers to ensure steady revenue. However, heavy reliance on this segment poses a risk if demand shifts. Exploring opportunities in the high-value low-frequency group could diversify sales. The sales model is centered on direct relationships with key manufacturers, and without specific trade news, stability depends on current buyer behavior.

Table: Mexico Hormones (HS 2937) Top Buyers List (Source: yTrade)

Check Full Hormones Buyer lists

Action Plan for Hormones Market Operation and Expansion

• Use hs code 2937 trade data to prioritize exports of high-grade steroidal hormones like sub-code 29372999, as this maximizes Mexico Hormones Export revenue by capitalizing on premium pricing power in specialized segments.
• Strengthen direct relationships with high-frequency buyers such as BAYER AG, ensuring steady Hormones supply chain stability and reducing risk from over-reliance on a few key players.
• Diversify Mexico Hormones Export sales by targeting high-value low-frequency buyers identified in the data, which mitigates vulnerability and taps into additional revenue streams.
• Optimize the Hormones supply chain logistics for volume clusters like the US and Canada to cut costs and enhance competitiveness in bulk, lower-grade markets.
• Maintain strict quality control and compliance with international standards for exports to high-yield destinations like Switzerland, securing access to premium markets and protecting brand reputation.

Take Action Now —— Explore Mexico Hormones Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Mexico Hormones Export 2025 February?

Mexico's Hormones export value surged to $15.04 million in February 2025, driven by a threefold increase in shipment volume (32.77 thousand kg) despite a drop in unit price ($459.06/kg). This suggests a shift toward bulk transactions or competitive pricing strategies in response to global demand cycles.

Q2. Who are the main destination countries of Mexico Hormones (HS Code 2937) 2025 February?

Switzerland dominates with 22.66% of export value, followed by Brazil (20.44%) and India (19.36%). High-value clusters like Ireland and Czechia show niche demand for specialized hormones, while the U.S. and Canada focus on bulk shipments.

Q3. Why does the unit price differ across destination countries of Mexico Hormones Export?

Price differences reflect product tiers: high-grade steroidal hormones (e.g., HS 29372999 at ~3,200 USD/unit) target premium markets like Switzerland, while standard (e.g., 2937231000 at ~857 USD/unit) and lower-grade analogues (e.g., 29372929 at ~238 USD/unit) serve bulk buyers.

Q4. What should exporters in Mexico focus on in the current Hormones export market?

Prioritize high-value buyers like BAYER AG and TEVA PHARMACEUTICALS, which drive 74.63% of trade value. Diversify into high-value, low-frequency markets (e.g., Ireland) to reduce reliance on core clients while maintaining quality for premium destinations.

Q5. What does this Mexico Hormones export pattern mean for buyers in partner countries?

Buyers in Switzerland and Brazil benefit from stable, high-quality supply chains, while bulk purchasers (e.g., U.S.) access cost-effective options. Niche markets like Ireland face limited supply but high-value specialized products.

Q6. How is Hormones typically used in this trade flow?

Steroidal hormones (HS 2937) are primarily used by pharmaceutical manufacturers for producing finished drugs, with high-grade variants catering to premium markets and lower-grade products serving generic or agricultural applications.