Mexico - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Spring Washer Price in Mexico - 2023
Contents:
- Metal Spring Washer Price in Mexico (CIF) - 2023
- Metal Spring Washer Price in Mexico (FOB) - 2023
- Metal Spring Washer Imports in Mexico
- Metal Spring Washer Exports in Mexico
Metal Spring Washer Price in Mexico (CIF) - 2023
The average metal spring washer import price stood at $5,781 per ton in June 2023, falling by -20.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 70% month-to-month. Over the period under review, average import prices attained the maximum at $10,757 per ton in October 2022; however, from November 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($26,596 per ton), while the price for Taiwan (Chinese) ($1,744 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Spring Washer Price in Mexico (FOB) - 2023
The average metal spring washer export price stood at $18,273 per ton in June 2023, growing by 126% against the previous month. Over the period under review, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the United States ($18,554 per ton), while the average price for exports to Canada totaled $7,083 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.6%).
Metal Spring Washer Imports in Mexico
Metal spring washer imports into Mexico reduced to 10K tons in 2022, with a decrease of -5.5% compared with the previous year. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports reached the peak of 11K tons, and then dropped in the following year.
In value terms, metal spring washer imports rose remarkably to $69M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Metal Spring Washer in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 25.1 | 21.9 | 28.0 | 31.9 | 8.3% |
China | 4.4 | 4.9 | 8.2 | 10.3 | 32.8% |
Germany | 5.6 | 5.2 | 7.7 | 8.3 | 14.0% |
Japan | 6.2 | 6.8 | 5.7 | 4.6 | -9.5% |
Taiwan (Chinese) | 2.6 | 2.5 | 3.7 | 3.5 | 10.4% |
South Korea | 1.2 | 1.5 | 1.6 | 1.6 | 10.1% |
Italy | 0.8 | 1.0 | 1.3 | 1.3 | 17.6% |
Others | 7.8 | 6.7 | 7.4 | 7.1 | -3.1% |
Total | 53.6 | 50.7 | 63.6 | 68.6 | 8.6% |
Top Suppliers of Metal Spring Washer to Mexico in 2022:
- United States (5.3K tons)
- China (2.3K tons)
- Japan (0.7K tons)
- Taiwan (Chinese) (0.5K tons)
- Germany (0.5K tons)
- South Korea (0.4K tons)
- Italy (0.2K tons)
Metal Spring Washer Exports in Mexico
In 2022, the amount of iron or steel spring washers exported from Mexico stood at 222 tons, approximately mirroring 2021. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 33%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, metal spring washer exports stood at $3.7M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of $3.7M; afterwards, it flattened through to 2022.
Export of Metal Spring Washer in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.9 | 3.4 | 3.3 | 3.4 | 5.4% |
Guatemala | N/A | N/A | N/A | N/A | 0% |
El Salvador | N/A | N/A | N/A | N/A | 0% |
Others | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
Total | 3.3 | 3.7 | 3.6 | 3.7 | 3.9% |
Top Export Markets for Metal Spring Washer from Mexico in 2022:
- United States (197.1 tons)
- Guatemala (8.6 tons)
- El Salvador (5.2 tons)
This report provides an in-depth analysis of the metal spring washer 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:
- Prodcom 25941210 - Iron or steel spring washers and other lock washers
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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Imports of Metal Spring Washers reached a peak in 2023 and are projected to continue growing in the near future, with a value of $79M in 2023.
In June 2023, the price of Metal Spring Washers dropped by -20.6% to $5,781 per ton (CIF, Mexico), compared to the previous month.
In November 2022, the growth rate of Metal Screw Hook imports was particularly significant, increasing by 117% compared to the previous month. The value of these imports surged to $475K in October 2023.
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