Metals; Platinum, Semi-Manufactured Price in Mexico - 2023

Metals; Platinum, Semi-Manufactured Price in Mexico (CIF) - 2023

In August 2023, the average metals; platinum, semi-manufactured import price amounted to $214K per ton, with a decrease of -76.9% against the previous month. Overall, the import price, however, recorded measured growth. The growth pace was the most rapid in March 2023 when the average import price increased by 402% m-o-m. Over the period under review, average import prices hit record highs at $2.1M per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

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

From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +3.4% per month.

Metals; Platinum, Semi-Manufactured Price in Mexico (FOB) - 2022

In 2022, the average metals; platinum, semi-manufactured export price amounted to $34,666,682 per ton, surging by 2.4% against the previous year. In general, the export price, however, saw a noticeable slump. Over the period under review, the average export prices hit record highs at $43,055,645 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.1% per year.

Metals; Platinum, Semi-Manufactured Imports in Mexico

In 2022, supplies from abroad of metals; platinum, semi-manufactureds decreased by -20.1% to 709 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 119% against the previous year. As a result, imports attained the peak of 887 kg, and then shrank sharply in the following year.

In value terms, metals; platinum, semi-manufactured imports contracted markedly to $17M in 2022. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 70%. As a result, imports reached the peak of $20M, and then dropped significantly in the following year.

Import of Metals; Platinum, Semi-Manufactured in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.4	10.9	20.4	17.2	32.5%
Germany	0.7	0.5	N/A	N/A	-28.6%
Others	N/A	0.6	N/A	N/A	0%
Total	8.1	11.9	20.4	17.2	28.5%

Top Suppliers of Metals; Platinum, Semi-Manufactured to Mexico in 2022:

United States (708.0 kg)
Germany (1.0 kg)

Metals; Platinum, Semi-Manufactured Exports in Mexico

In 2022, approx. 22 kg of metals; platinum, semi-manufactureds were exported from Mexico; picking up by 120% compared with the previous year. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metals; platinum, semi-manufactured exports soared to $763K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.