Ferro-Alloys; Ferro-Vanadium Price in Mexico - 2023

Contents:

  1. Ferro-Alloys; Ferro-Vanadium Price in Mexico (CIF) - 2023
  2. Ferro-Alloys; Ferro-Vanadium Imports in Mexico

Ferro-Alloys; Ferro-Vanadium Price in Mexico (CIF) - 2023

In February 2023, the average ferro-alloys; ferro-vanadium import price amounted to $30,285 per ton, flattening at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level of $32,311 per ton. From August 2022 to February 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From July 2022 to February 2023, the rate of growth in terms of prices for China amounted to -0.9% per month.

Ferro-Alloys; Ferro-Vanadium Imports in Mexico

In 2022, approx. 100 tons of ferro-alloys; ferro-vanadia were imported into Mexico; increasing by 452% on the previous year. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-alloys; ferro-vanadium imports expanded modestly to $22M in 2022. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 2,545% against the previous year.

Import of Ferro-Alloys; Ferro-Vanadium in Mexico (Million USD)
COUNTRY202020212022CAGR,
2020-2022
China0.1N/A22.51400.0%
United States0.26.6N/A3200.0%
South Africa0.47.3N/A1725.0%
Czech Republic0.27.8N/A3800.0%
OthersN/AN/AN/A0%
Total0.821.722.5430.3%

Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Mexico in 2022:

  1. China (100.0 tons)

Source: IndexBox Market Intelligence Platform

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