Aluminium Wire Price in Mexico - 2023
Contents:
- Aluminium Wire Price in Mexico (CIF) - 2022
- Aluminium Wire Price in Mexico (FOB) - 2022
- Aluminium Wire Imports in Mexico
- Aluminium Wire Exports in Mexico
Aluminium Wire Price in Mexico (CIF) - 2022
The average aluminium wire import price stood at $3,007 per ton in 2022, waning by -8.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. As a result, import price reached the peak level of $3,436 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($9,989 per ton), while the price for India ($915 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminium Wire Price in Mexico (FOB) - 2022
The average aluminium wire export price stood at $2,446 per ton in 2022, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 37%. The export price peaked at $3,294 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($3,562 per ton), while the average price for exports to the United States stood at $2,363 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Wire Imports in Mexico
In 2022, the amount of aluminium wires imported into Mexico dropped to 23K tons, waning by -9.6% compared with the year before. Over the period under review, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year.
In value terms, aluminium wire imports dropped sharply to $70M in 2022. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year.
| Import of Aluminium Wire in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.0 | 20.5 | 30.7 | 23.3 | -9.1% |
| China | 10.7 | 5.4 | 17.4 | 13.3 | 7.5% |
| Oman | 13.6 | 9.0 | 11.4 | 9.5 | -11.3% |
| Canada | 9.4 | 6.1 | 7.3 | 6.4 | -12.0% |
| Russia | 3.8 | 2.3 | 8.3 | 6.3 | 18.4% |
| Spain | 3.6 | 3.6 | 3.5 | 3.0 | -5.9% |
| Netherlands | 5.0 | 2.2 | 0.8 | 2.3 | -22.8% |
| Bahrain | 2.4 | 1.8 | 2.2 | 1.8 | -9.1% |
| Germany | 4.0 | 1.4 | 0.4 | 1.7 | -24.8% |
| India | 0.9 | 0.9 | 1.3 | 1.0 | 3.6% |
| Others | 2.5 | 2.0 | 1.3 | 1.5 | -15.7% |
| Total | 86.8 | 55.3 | 84.8 | 70.0 | -6.9% |
Top Suppliers of Aluminium Wire to Mexico in 2022:
- United States (8.9K tons)
- Oman (4.0K tons)
- Canada (2.3K tons)
- Russia (2.2K tons)
- China (1.3K tons)
- India (1.1K tons)
- Bahrain (0.9K tons)
- Spain (0.8K tons)
- Netherlands (0.7K tons)
- Germany (0.7K tons)
Aluminium Wire Exports in Mexico
In 2022, approx. 2K tons of aluminium wires were exported from Mexico; picking up by 11% against the previous year. The total export volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 48%. As a result, the exports reached the peak of 2.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, aluminium wire exports surged to $5M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $5.9M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Aluminium Wire in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 4.3 | 2.7 | 4.5 | 8.7% |
| Costa Rica | 0.4 | 0.6 | 0.2 | 0.5 | 7.7% |
| Colombia | N/A | 0.8 | 1.1 | N/A | 37.5% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 3.9 | 5.9 | 4.0 | 5.0 | 8.6% |
Top Export Markets for Aluminium Wire from Mexico in 2022:
- United States (1.9K tons)
- Costa Rica (0.1K tons)
372
This report provides an in-depth analysis of the aluminium alloy wire market in Mexico.
636
This report provides an in-depth analysis of the global aluminium alloy wire market.
296
This report provides an in-depth analysis of the non-alloy aluminium wire market in Mexico.
372
This report provides an in-depth analysis of the aluminium alloy wire market in Mexico.
400
Global Non-Alloy Aluminium Wire Market Report 2018. This report provides an in-depth analysis of the global non-alloy aluminium wire market.
636
This report provides an in-depth analysis of the global aluminium alloy wire market.
Nothing found. Please try again.
