Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico (FOB) - 2023
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $1,052,949 per ton, rising by 12% against the previous year. Overall, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 55% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,811,990 per ton), while the price for the UK ($34,173 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico (FOB) - 2023
The average export price for articles of precious metal or of metal clad with precious metal stood at $2.0M per ton in May 2023, flattening at the previous month. In general, the export price faced a significant curtailment. As a result, the export price attained the peak level of $8,086 per kg; afterwards, it flattened through to May 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to May 2023, the rate of growth in terms of prices for the United States amounted to -24.2% per month.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico
In 2022, approx. 60 tons of articles of precious metal or of metal clad with precious metal were imported into Mexico; picking up by 4.2% on 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% 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 +47.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of articles of precious metal or of metal clad with precious metal skyrocketed to $63M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +64.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 38.4 | 33.1 | 48.9 | 56.7 | 13.9% |
| China | 0.7 | 0.5 | 1.0 | 0.7 | 0.0% |
| South Korea | N/A | 0.8 | 0.4 | 0.7 | -6.5% |
| United Kingdom | 0.6 | 0.6 | 0.6 | 0.5 | -5.9% |
| Others | 2.9 | 3.5 | 3.5 | 4.6 | 16.6% |
| Total | 42.6 | 38.5 | 54.3 | 63.2 | 14.1% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Mexico in 2022:
- United States (31.3 tons)
- United Kingdom (16.0 tons)
- China (8.0 tons)
- South Korea (2.9 tons)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico
In 2022, after two years of decline, there was significant growth in shipments abroad of articles of precious metal or of metal clad with precious metal, when their volume increased by 95% to 1.8 tons. Overall, exports, however, faced a deep reduction.
In value terms, exports of articles of precious metal or of metal clad with precious metal surged to $10M in 2022. In general, exports saw a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.0 | 9.4 | 4.7 | 10.3 | 4.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.0 | 9.4 | 4.7 | 10.3 | 4.6% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Mexico in 2022:
- United States (1.8 tons)
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