Price for Brass Tubes and Pipes in Mexico - 2023

Contents:

  1. Price for Brass Tubes and Pipes in Mexico (FOB) - 2023
  2. Price for Brass Tubes and Pipes in Mexico (CIF) - 2023
  3. Exports of Brass Tubes and Pipes in Mexico
  4. Imports of Brass Tubes and Pipes in Mexico

Price for Brass Tubes and Pipes in Mexico (FOB) - 2023

In August 2023, the average brass tubes and pipes export price amounted to $12,851 per ton, dropping by -5.5% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 65% month-to-month. As a result, the export price reached the peak level of $23,167 per ton. From May 2023 to August 2023, the the average export prices remained 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 August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to -0.9% per month.

Price for Brass Tubes and Pipes in Mexico (CIF) - 2023

In August 2023, the average brass tubes and pipes import price amounted to $5,209 per ton, which is down by -28.1% against the previous month. In general, the import price showed a deep setback. The growth pace was the most rapid in December 2022 an increase of 149% month-to-month. The import price peaked at $34,070 per ton in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($20,777 per ton), while the price for the United States amounted to $3,923 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+3.3%).

Exports of Brass Tubes and Pipes in Mexico

In 2022, after two years of decline, there was significant growth in overseas shipments of tubes and pipes of copper-zinc base alloys (brass), when their volume increased by 40% to 1.6K tons. Overall, exports, however, showed a deep contraction.

In value terms, brass tubes and pipes exports soared to $22M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +71.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Brass Tubes and Pipes in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States16.313.013.022.311.0%
OthersN/AN/AN/AN/A0%
Total16.413.013.022.310.8%

Top Export Markets for Brass Tubes and Pipes from Mexico in 2022:

  1. United States (1.6K tons)

Imports of Brass Tubes and Pipes in Mexico

In 2022, the amount of tubes and pipes of copper-zinc base alloys (brass) imported into Mexico amounted to 444 tons, with an increase of 3.5% against 2021 figures. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, brass tubes and pipes imports skyrocketed to $4.4M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Brass Tubes and Pipes in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.31.72.32.41.4%
China1.21.01.11.610.1%
Germany0.10.20.10.10.0%
Others0.40.20.20.2-20.6%
Total4.03.13.74.43.2%

Top Suppliers of Brass Tubes and Pipes to Mexico in 2022:

  1. United States (282.3 tons)
  2. China (143.5 tons)
  3. Germany (7.0 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Copper; tubes and pipes, of copper-zinc base alloys (brass) - Mexico