Price for Braids; in the Piece in Mexico - 2023
Contents:
- Price for Braids; in the Piece in Mexico (FOB) - 2023
- Price for Braids; in the Piece in Mexico (CIF) - 2023
- Exports of Braids; in the Piece in Mexico
- Imports of Braids; in the Piece in Mexico
Price for Braids; in the Piece in Mexico (FOB) - 2023
The average braids; in the piece export price stood at $22,085 per ton in June 2023, surging by 1.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 7% against the previous month. Over the period under review, the average export prices attained the maximum at $22,908 per ton in November 2022; however, from December 2022 to June 2023, 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 June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +0.2% per month.
Price for Braids; in the Piece in Mexico (CIF) - 2023
In June 2023, the average braids; in the piece import price amounted to $8,862 per ton, surging by 19% against the previous month. In general, the import price recorded a slight increase. The most prominent rate of growth was recorded in December 2022 an increase of 103% against the previous month. Over the period under review, average import prices attained the maximum at $15,321 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($13,743 per ton), while the price for the United States amounted to $7,191 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.1%).
Exports of Braids; in the Piece in Mexico
In 2022, the amount of braids; in the pieces exported from Mexico expanded markedly to 530 tons, surging by 6.1% compared with 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. Over the period under review, the braids; in piece exports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, braids; in the piece exports rose rapidly to $12M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Braids; in the Piece in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.4 | 8.0 | 10.2 | 11.7 | 11.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.4 | 8.0 | 10.2 | 11.7 | 11.7% |
Top Export Markets for Braids; in the Piece from Mexico in 2022:
- United States (529.8 tons)
Imports of Braids; in the Piece in Mexico
In 2022, overseas purchases of braids; in the pieces increased by 46% to 225 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, braids; in the piece imports soared to $3.5M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Braids; in the Piece in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,549 | 1,297 | 1,597 | 2,658 | 19.7% |
| China | 427 | 185 | 434 | 530 | 7.5% |
| Germany | 338 | 356 | 66.5 | 254 | -9.1% |
| Others | 158 | 312 | 50.5 | 17.5 | -52.0% |
| Total | 2,471 | 2,150 | 2,148 | 3,459 | 11.9% |
Top Suppliers of Braids; in the Piece to Mexico in 2022:
- United States (162.9 tons)
- China (51.8 tons)
- Germany (9.7 tons)
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