Price for Chain; Articulated Link, Roller, of Iron or Steel in Mexico - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Mexico (CIF) - 2023
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Mexico (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Mexico
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Mexico

Price for Chain; Articulated Link, Roller, of Iron or Steel in Mexico (CIF) - 2023

In October 2023, the average import price for chain; articulated link, roller, of iron or steel amounted to $5,975 per ton, which is down by -11.3% against the previous month. Over the period under review, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 40% against the previous month. The import price peaked at $10,078 per ton in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($53,189 per ton), while the price for South Korea ($2,817 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the prices for the other major suppliers experienced a decline.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Mexico (FOB) - 2022

In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $12,217 per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 32%. Over the period under review, the average export prices reached the peak figure at $13,730 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($46,823 per ton), while the average price for exports to the United States amounted to $12,038 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+17.6%).

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Mexico

Imports of chain; articulated link, roller, of iron or steel into Mexico rose notably to 19K tons in 2022, with an increase of 10% compared with the previous year. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of chain; articulated link, roller, of iron or steel rose remarkably to $131M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Mexico in 2022:

1. China (13.8K tons)
2. United States (2.0K tons)
3. South Korea (1.3K tons)
4. Taiwan (Chinese) (0.3K tons)
5. Japan (0.3K tons)
6. India (0.3K tons)
7. Italy (0.2K tons)
8. Germany (0.2K tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Mexico

In 2022, the amount of chain; articulated link, roller, of iron or steel exported from Mexico rose modestly to 2.1K tons, increasing by 4.5% compared with the year before. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 62%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of chain; articulated link, roller, of iron or steel amounted to $26M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +61.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Mexico in 2022:

1. United States (2.0K tons)

Source: IndexBox Market Intelligence Platform