Mexico - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Chromium Price in Mexico - 2023
Contents:
- Ferro-Chromium Price in Mexico (CIF) - 2023
- Ferro-Chromium Price in Mexico (FOB) - 2022
- Ferro-Chromium Imports in Mexico
- Ferro-Chromium Exports in Mexico
Ferro-Chromium Price in Mexico (CIF) - 2023
The average ferro-chromium import price stood at $1,520 per ton in July 2023, which is down by -58.9% against the previous month. Over the period under review, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 101% against the previous month. As a result, import price reached the peak level of $3,694 per ton, and then reduced sharply in the following month.
As there is only one major supplying country, the average price level is determined by prices for India.
From July 2022 to July 2023, the rate of growth in terms of prices for Turkey amounted to 0.0% per month.
Ferro-Chromium Price in Mexico (FOB) - 2022
In 2022, the average ferro-chromium export price amounted to $3,222 per ton, reducing by -3.4% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $4,827 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,912 per ton), while the average price for exports to Brazil ($1,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Chromium Imports in Mexico
In 2022, approx. 13K tons of ferro-chromium were imported into Mexico; picking up by 11% compared with the previous year's figure. Over the period under review, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 88%.
In value terms, ferro-chromium imports surged to $33M in 2022. In general, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 128%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Ferro-Chromium in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.6 | 2.9 | 4.3 | 13.5 | 8.4% |
| Turkey | 4.0 | 0.7 | 3.8 | 6.3 | 16.3% |
| China | 1.1 | 0.1 | 0.5 | 4.8 | 63.4% |
| Russia | 3.9 | 1.0 | 4.1 | 2.1 | -18.6% |
| Sweden | 0.7 | 0.4 | 0.5 | 1.5 | 28.9% |
| Kazakhstan | 2.2 | 0.4 | 0.4 | 1.3 | -16.1% |
| South Africa | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Others | 1.6 | 1.2 | 1.6 | 2.7 | 19.1% |
| Total | 24.4 | 6.9 | 15.6 | 32.6 | 10.1% |
Top Suppliers of Ferro-Chromium to Mexico in 2022:
- India (6.1K tons)
- Turkey (2.4K tons)
- China (1.1K tons)
- Russia (1.1K tons)
- South Africa (0.4K tons)
- Sweden (0.4K tons)
- Kazakhstan (0.4K tons)
Ferro-Chromium Exports in Mexico
Ferro-chromium exports from Mexico fell dramatically to 218 tons in 2022, dropping by -18% against the previous year. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 56% against the previous year.
In value terms, ferro-chromium exports dropped remarkably to $703K in 2022. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year.
| Export of Ferro-Chromium in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 299 | 52.7 | 235 | 299 | 0.0% |
| Ecuador | N/A | N/A | N/A | 93.1 | 0% |
| Brazil | 31.8 | N/A | 19.6 | 9.2 | -33.9% |
| Netherlands | 11.1 | 20.9 | 71.1 | 3.1 | -34.6% |
| Canada | 751 | 387 | 24.5 | 2.1 | -85.9% |
| South Korea | 4.5 | 0.5 | 134 | 0.8 | -43.8% |
| Chile | 58.7 | N/A | 10.7 | 0.5 | -79.6% |
| Others | 101 | 57.2 | 392 | 295 | 42.9% |
| Total | 1,257 | 518 | 888 | 703 | -17.6% |
Top Export Markets for Ferro-Chromium from Mexico in 2022:
- Thailand (93.6 tons)
- Ecuador (18.9 tons)
- Brazil (8.1 tons)
- Netherlands (1.3 tons)
- Canada (0.7 tons)
- Chile (0.1 tons)
- South Korea (0.1 tons)
This report provides an in-depth analysis of the ferro-chromium market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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