Price for Aluminium; Alloys, Hollow Profiles in Mexico - 2023

Contents:

  1. Price for Aluminium; Alloys, Hollow Profiles in Mexico (CIF) - 2023
  2. Price for Aluminium; Alloys, Hollow Profiles in Mexico (FOB) - 2023
  3. Imports of Aluminium; Alloys, Hollow Profiles in Mexico
  4. Exports of Aluminium; Alloys, Hollow Profiles in Mexico

Price for Aluminium; Alloys, Hollow Profiles in Mexico (CIF) - 2023

In June 2023, the average aluminium; alloys, hollow profiles import price amounted to $5,030 per ton, stabilizing at the previous month. Over the period under review, the import price, however, saw a slight curtailment. The pace of growth was the most pronounced in March 2023 an increase of 17% against the previous month. The import price peaked at $5,986 per ton in September 2022; however, from October 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 Indonesia ($18,357 per ton), while the price for Canada ($598 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 Indonesia (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Alloys, Hollow Profiles in Mexico (FOB) - 2023

The average aluminium; alloys, hollow profiles export price stood at $5,190 per ton in June 2023, picking up by 2.3% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 59% month-to-month. The export price peaked at $5,406 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.

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

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.3% per month.

Imports of Aluminium; Alloys, Hollow Profiles in Mexico

In 2022, the amount of aluminium; alloys, hollow profileses imported into Mexico surged to 31K tons, with an increase of 21% compared with the previous year. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, aluminium; alloys, hollow profiles imports surged to $167M in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Aluminium; Alloys, Hollow Profiles in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China36.150.582.310542.7%
United States33.921.528.842.78.0%
Germany3.21.42.313.762.4%
Canada3.64.82.90.6-45.0%
Others5.63.73.94.9-4.4%
Total82.481.812016726.6%

Top Suppliers of Aluminium; Alloys, Hollow Profiles to Mexico in 2022:

  1. China (21.0K tons)
  2. United States (8.0K tons)
  3. Germany (1.1K tons)
  4. Canada (0.1K tons)

Exports of Aluminium; Alloys, Hollow Profiles in Mexico

In 2022, approx. 23K tons of aluminium; alloys, hollow profileses were exported from Mexico; growing by 81% compared with 2021. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 153%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, aluminium; alloys, hollow profiles exports skyrocketed to $117M in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 127%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Export of Aluminium; Alloys, Hollow Profiles in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States25.421.855.811665.9%
Others1.02.80.11.26.3%
Total26.424.655.911764.3%

Top Export Markets for Aluminium; Alloys, Hollow Profiles from Mexico in 2022:

  1. United States (22.7K tons)

Source: IndexBox Market Intelligence Platform

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