2025 Mexico Hormones (HS 2937) Export: Extreme Volatility
Key Takeaways
Hormones, classified under HS Code 2937 (Hormones, prostaglandins, thromboxanes, leukotrienes; derivatives/structural analogues (incl. modified polypeptide hormones)), exhibited extreme volatility from January to October 2025.
- Market Pulse: A 600% monthly surge in April 2025 ($73.02M) collapsed by over 80% into Q3, driven by regulatory shifts and speculative buying ahead of Mexico’s June 2025 Automatic Export Notice mandate.
- Structural Shift: Mexico Hormones Export reliance on Germany (49% of value) creates high concentration risk, with secondary markets (Switzerland, India) offering limited diversification.
- Product Logic: HS Code 2937 trade data reveals a premium-driven market, where steroidal hormones and derivatives command unit prices up to $39,000, emphasizing quality over volume.
This overview covers the period from January to October 2025 and is based on verified customs data from the yTrade database.
Mexico Hormones (HS Code 2937) Key Metrics Trend
Market Trend Summary
Mexico's Hormones Export trend under HS 2937 exhibited extreme volatility from January to October 2025, defined by a dramatic Q2 surge followed by a sharp correction. The market opened the year with modest activity at $4.54M in January, then exploded in April to a record $73.02M—a 600% monthly gain—driven by a unit price spike to $1,458/kg. This peak proved unsustainable; values collapsed by over 80% into Q3, with July and August averaging just $6M monthly, before showing tentative stabilization near $10M by October.
Drivers & Industry Context
The April price surge likely reflected speculative buying or supply chain adjustments ahead of Mexico's June 2025 policy shift, which mandated an Automatic Export Notice for select goods including pharmaceuticals [Expeditors Newsflash]. The subsequent volume spike in June (+135% m/m) suggests exporters rushed shipments before full enforcement, while the steep Q3 decline aligns with compliance delays—the Ministry takes up to 10 business days to issue notices [Holland & Knight]. The volatile hs code 2937 value throughout this period underscores how regulatory changes disrupted trade flows, compressing margins as unit prices fell 72% from April to August.
Table: Mexico Hormones Export Trend (Source: yTrade)
| Date | Value | Weight | Unit Price | Value MoM | Weight MoM | Unit Price MoM |
|---|---|---|---|---|---|---|
| 2025-01-01 | 4.54M USD | 3.46K kg | $1312.50/kg | N/A | N/A | N/A |
| 2025-02-01 | 15.04M USD | 32.77K kg | $459.06/kg | +231.48% | +847.74% | -65.02% |
| 2025-03-01 | 10.42M USD | 37.08K kg | $281.14/kg | -30.71% | +13.13% | -38.76% |
| 2025-04-01 | 73.02M USD | 50.07K kg | $1458.47/kg | +600.56% | +35.04% | +418.76% |
| 2025-05-01 | 19.40M USD | 29.41K kg | $659.56/kg | -73.44% | -41.27% | -54.78% |
| 2025-06-01 | 26.04M USD | 69.16K kg | $376.53/kg | +34.26% | +135.18% | -42.91% |
| 2025-07-01 | 5.09M USD | 30.05K kg | $169.33/kg | -80.46% | -56.55% | -55.03% |
| 2025-08-01 | 6.79M USD | 42.54K kg | $159.61/kg | +33.46% | +41.59% | -5.74% |
| 2025-09-01 | 6.54M USD | 11.71K kg | $558.57/kg | -3.69% | -72.48% | +249.96% |
| 2025-10-01 | 9.82M USD | 21.97K kg | $447.12/kg | +50.21% | +87.64% | -19.95% |
Get Mexico Hormones Data Latest Updates
Mexico HS Code 2937 Export Breakdown
Market Composition & Top Categories
According to yTrade data, Mexico's HS Code 2937 export market from January to October 2025 is dominated by steroidal hormones and their derivatives, excluding specific types like cortisone, with the top sub-category holding a 13.6% value share. Oestrogens and progestogens also feature prominently, accounting for nearly a quarter of the export value when combined. The remaining sub-codes consist of specialized derivatives, including halogenated corticosteroids, which show lower volume but higher unit prices.
Value Chain & Strategic Insights
The trade structure reveals extreme unit price disparities, ranging from under $1,000 to over $39,000 per unit, indicating a highly specialized market driven by product purity and specific applications rather than bulk commodity trading. This HS Code 2937 breakdown suggests that Mexico's export strategy focuses on high-value, niche hormonal products, where quality and regulatory compliance likely dictate pricing over volume competition. For traders, this points to opportunities in targeted, high-margin segments rather than price-sensitive bulk deals.
Table: Mexico HS Code 2937) Export Breakdown Details (Source: yTrade)
| HS Code | Product Description | Value | Frequency | Quantity | Weight |
|---|---|---|---|---|---|
| 293729** | Steroidal hormones, their derivatives and structural analogues; other than cortisone, hydrocortisone, prednisone (dehydrocortisone), prednisolone (dehydrohydrocortisone), halogenated derivatives of corticosteroidal hormones, oestrogen and progestogens | 24.03M | 14.00 | 5.73K | 15.78K |
| 293729**** | Steroidal hormones, their derivatives and structural analogues; other than cortisone, hydrocortisone, prednisone (dehydrocortisone), prednisolone (dehydrohydrocortisone), halogenated derivatives of corticosteroidal hormones, oestrogen and progestogens | 24.03M | 14.00 | 5.73K | 15.78K |
| 293723** | Steroidal hormones, their derivatives and structural analogues; oestrogens and progestogens | 22.41M | 24.00 | 7.46K | 18.97K |
| 2937** | ******** | ******** | ******** | ******** | ******** |
Check Detailed HS Code 2937 Breakdown
Mexico Hormones Destination Countries
Geographic Concentration & Market Risk
Germany dominates Mexico's Hormones export destinations, accounting for 49% of total value from Jan to Oct 2025. This heavy reliance on a single market introduces significant concentration risk, where any economic or regulatory shift in Germany could destabilize Mexico's export revenue. The next largest partners, Switzerland (15%) and India (6.6%), offer some diversification but remain distant secondary markets.
Purchasing Behavior & Demand Segmentation
Germany's value share (49%) dramatically outpaces its weight share (12.4%), signaling a premium market paying top dollar for high-value, low-weight Hormones specifications. This value-volume gap indicates quality-conscious demand, likely from pharmaceutical or research sectors prioritizing purity over bulk. Mexico's trade partners for Hormones are clearly margin-focused, not volume-driven, offering superior profitability per kilogram exported.
Table: Mexico Hormones (HS Code 2937) Top Destination Countries (Source: yTrade)
| Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| GERMANY | 86.62M | 18.84K | 34.00 | 40.75K |
| SWITZERLAND | 26.54M | 12.00K | 136.00 | 53.08K |
| INDIA | 11.63M | 2.10K | 25.00 | 4.49K |
| UNITED STATES | 7.13M | 7.26K | 56.00 | 27.68K |
| CZECHIA | 5.64M | 180.07 | 38.00 | 7.76K |
| BRAZIL | ****** | ****** | ****** | ****** |
Get Mexico Hormones (HS Code 2937) Complete Destination Countries Profile
Mexico Hormones Buyer Companies Analysis
Buyer Concentration & Market Structure
According to yTrade data, the Mexico Hormones buyers market is overwhelmingly dominated by a core group of loyal, high-volume repeat customers. This segment, representing just a few key accounts, accounts for 95.15% of the total export value and 91.29% of the quantity shipped from January to October 2025. This structure points to a stable, contract-based supply chain with deep-rooted partnerships, such as those with major pharmaceutical manufacturers.
Purchasing Behavior & Sales Strategy
The sales strategy must focus on protecting these key relationships, as losing a single account from this concentrated group would be devastating. Proactive support with new compliance logistics is essential, as Mexico began enforcing an [Automatic Export Notice] for certain goods in June 2025. For HS Code 2937 buyer trends, this means offering value-added services that streamline regulatory adherence to secure long-term contracts and mitigate concentration risk.
Table: Mexico Hormones (HS Code 2937) Top Buyers List (Source: yTrade)
| Buyer Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| BAYER AG | 45.21M | 8.04K | 13.00 | 17.04K |
| PLUS CHEMICALS,BRANCH TEVA PHARMACEUTICALS INTL | 23.94M | 11.13K | 126.00 | 49.39K |
| PLUS CHEMICALSBRANCH TEVA PHARMACEUTICALS INTL | 8.91M | 6.11K | 33.00 | 21.51K |
| GENCHEM PHARMA LTD | ****** | ****** | ****** | ****** |
Check Full Mexico Hormones Buyers list
Action Plan for Hormones Market Operation and Expansion
- Secure key accounts: Protect the 95% of export value tied to repeat buyers by offering compliance logistics support for Mexico’s Automatic Export Notice requirements.
- Diversify geographically: Reduce dependence on Germany by targeting secondary markets like Switzerland and India, where value-weight gaps indicate premium demand.
- Lock in pricing: Hedge against volatility with short-term contracts, especially during regulatory transitions (e.g., Q2 2025 price spikes).
- Optimize product mix: Prioritize high-margin steroidal hormones and oestrogens (13.6% market share) over bulk derivatives to align with Germany’s premium pricing.
- Monitor regulatory deadlines: Track Mexico’s 10-day export notice processing window to avoid shipment delays post-June 2025 enforcement.
Take Action Now —— Explore Mexico Hormones HS Code 2937 Export Data
Frequently Asked Questions
Q1. What is driving the recent changes in Mexico Hormones Export in 2025?
The extreme volatility in Mexico's Hormones exports is driven by regulatory changes, including the June 2025 mandate for Automatic Export Notices. A speculative Q2 surge (600% monthly gain) was followed by an 80% collapse in Q3 due to compliance delays and supply chain adjustments.
Q2. Who are the main destination countries of Mexico Hormones (HS Code 2937) in 2025?
Germany dominates with 49% of export value, followed by Switzerland (15%) and India (6.6%). This heavy reliance on Germany introduces significant concentration risk.
Q3. Why does the unit price differ across destination countries of Mexico Hormones Export in 2025?
Price disparities stem from product specialization—Germany pays premium rates for high-purity, low-weight Hormones (49% value share vs. 12.4% weight share), while other markets trade lower-value derivatives.
Q4. What should exporters in Mexico focus on in the current Hormones export market?
Exporters must prioritize retaining key accounts (95% of export value) by streamlining regulatory compliance and diversifying beyond Germany to mitigate geographic risk.
Q5. What does this Mexico Hormones export pattern mean for buyers in partner countries?
Buyers in Germany and Switzerland benefit from stable, high-margin supply chains, but reliance on Mexico’s concentrated market requires contingency planning for regulatory disruptions.
Q6. How is Hormones typically used in this trade flow?
HS Code 2937 Hormones are niche, high-value products (e.g., steroidal derivatives) primarily for pharmaceutical or research applications, not bulk commodity trading.
Detailed Monthly and Quarterly Report
Mexico HS Code 2937 Export Data Snapshot 2025 JAN
Mexico HS Code 2937 Export Data Snapshot 2025 JAN
Mexico HS Code 2937 Export Data Snapshot 2025 FEB
Mexico HS Code 2937 Export Data Snapshot 2025 FEB
Mexico HS Code 2937 Export Data Snapshot 2025 MAR
Mexico HS Code 2937 Export Data Snapshot 2025 APR
Mexico HS Code 2937 Export Data Snapshot 2025 APR
Mexico HS Code 2937 Export Data Snapshot 2025 MAY
Mexico HS Code 2937 Export Data Snapshot 2025 JUN
Mexico HS Code 2937 Export Data Snapshot 2025 JUL
Mexico HS Code 2937 Export Data Snapshot 2025 AUG
Mexico HS Code 2937 Export Data Snapshot 2025 SEP
Mexico HS Code 2937 Export Data Snapshot 2025 Q1
2025 Mexico Petroleum Gas (HS 2711) Export: Wild Swings
Mexico's Petroleum Gas exports (HS code 2711) saw wild swings in 2025, peaking in February before a 59% drop by October. Track volatile trends on yTrade data.
2025 Mexico Vaccines (HS 3002) Export: Extreme Volatility
Mexico's vaccines export (HS code 3002) saw extreme price swings in 2025, peaking in June before a 5.5% drop. Track trends on yTrade for data-driven insights.
