Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico (CIF) - 2022

In November 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $35,855 per ton, with an increase of 53% against the previous month. In general, the import price showed a moderate expansion. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 225% m-o-m. As a result, import price reached the peak level of $42,928 per ton. From August 2022 to November 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Germany ($51,750 per ton), while the price for China ($23,166 per ton) was amongst the lowest.

From November 2021 to November 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico (FOB) - 2022

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $17,210 per ton in November 2022, shrinking by -16.2% against the previous month. Overall, the export price continues to indicate a mild downturn. The growth pace was the most rapid in September 2022 an increase of 25% month-to-month. The export price peaked at $20,541 per ton in October 2022, and then fell notably in the following month.

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

From November 2021 to November 2022, the rate of growth in terms of prices for the United States amounted to -1.1% per month.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico

In 2022, the amount of copper; cast, moulded, stamped or forged, but not further worked imported into Mexico fell significantly to 1.4K tons, declining by -24.1% on the year before. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 19%.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked reached $37M 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 +10.6% 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 +57.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to Mexico in 2022:

1. United States (739.7 tons)
2. China (301.8 tons)
3. Japan (141.8 tons)
4. Germany (77.5 tons)
5. South Korea (46.5 tons)
6. Taiwan (Chinese) (42.9 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Mexico

In 2022, exports of copper; cast, moulded, stamped or forged, but not further worked from Mexico was estimated at 457 tons, growing by 8% on the previous year. Overall, exports, however, recorded a abrupt slump.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked expanded sharply to $7.8M in 2022. In general, exports, however, recorded a pronounced setback.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from Mexico in 2022:

1. United States (453.5 tons)

Source: IndexBox Market Intelligence Platform