Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico - 2023

Contents:

1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico (CIF) - 2023
2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico (FOB) - 2023
3. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico
4. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico (CIF) - 2023

In November 2023, the average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $4,137 per ton, approximately equating the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 7.1% m-o-m. Over the period under review, average import prices reached the maximum at $4,439 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,227 per ton), while the price for South Korea ($3,477 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico (FOB) - 2023

In November 2023, the average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $2,408 per ton, remaining relatively unchanged against the previous month. Over the period under review, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 52% m-o-m. As a result, the export price reached the peak level of $5,932 per ton. From March 2023 to November 2023, the the average export prices remained at a lower figure.

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

From December 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -5.7% per month.

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico

Imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s into Mexico skyrocketed to 714K tons in 2022, jumping by 20% compared with 2021. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s surged to $3.4B in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Mexico in 2022:

1. China (492.5K tons)
2. United States (167.9K tons)
3. Germany (21.0K tons)
4. South Korea (19.1K tons)

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Mexico

For the fourth consecutive year, Mexico recorded growth in shipments abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s, which increased by 4.6% to 20K tons in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 148% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s surged to $100M in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 208%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Mexico in 2022:

1. United States (19.8K tons)

Source: IndexBox Market Intelligence Platform