Report Update: May 1, 2024

Mexico - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights

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Price for Hot-Rolled Non-Alloy Steel Wire Rod in Mexico - 2023

Price for Hot-Rolled Non-Alloy Steel Wire Rod in Mexico (FOB) - 2023

The average export price for hot-rolled non-alloy steel wire rods stood at $1,031 per ton in February 2023, surging by 22% against the previous month. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $1,093 per ton in July 2022; however, from August 2022 to February 2023, the export prices remained at a lower figure.

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

From February 2022 to February 2023, the rate of growth in terms of prices for the United States amounted to +0.9% per month.

Price for Hot-Rolled Non-Alloy Steel Wire Rod in Mexico (CIF) - 2023

In June 2023, the average import price for hot-rolled non-alloy steel wire rods amounted to $1,779 per ton, declining by -22.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 232% m-o-m. As a result, import price reached the peak level of $2,301 per ton, and then fell sharply in the following month.

As there is only one major supplying country, 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 0.0% per month.

Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Mexico

In 2022, shipments abroad of hot-rolled non-alloy steel wire rods increased by 53% to 67K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a dramatic slump.

In value terms, hot-rolled non-alloy steel wire rod exports surged to $67M in 2022. Overall, exports, however, faced a deep reduction.

Export of Hot-Rolled Non-Alloy Steel Wire Rod in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.1	16.3	26.9	62.2	106.1%
Guatemala	31.4	18.0	14.8	4.4	-48.1%
Colombia	53.0	38.1	N/A	N/A	-28.1%
El Salvador	23.5	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	115	72.4	41.7	66.7	-16.6%

Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Mexico in 2022:

United States (62.7K tons)
Guatemala (4.6K tons)

Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Mexico

Hot-rolled non-alloy steel wire rod imports into Mexico contracted remarkably to 5.1K tons in 2022, falling by -75.1% compared with 2021. Over the period under review, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 170%. As a result, imports reached the peak of 21K tons, and then contracted rapidly in the following year.

In value terms, hot-rolled non-alloy steel wire rod imports reduced sharply to $7.6M in 2022. In general, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 when imports increased by 125%. As a result, imports reached the peak of $19M, and then reduced sharply in the following year.

Import of Hot-Rolled Non-Alloy Steel Wire Rod in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	10.4	5.9	9.0	7.6	-9.9%
Spain	N/A	1.2	0.7	N/A	-41.7%
South Korea	4.4	1.0	N/A	N/A	-77.3%
Japan	1.5	N/A	N/A	N/A	0%
Italy	N/A	N/A	9.1	N/A	0%
Others	N/A	0.2	N/A	N/A	0%
Total	16.3	8.3	18.7	7.6	-22.5%

Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Mexico in 2022:

United States (5.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
Prodcom 24106120 - Wire rod of free-cutting steel
Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
Prodcom 24106140 - Wire rod for tyre cord
Prodcom 24106190 - Other wire rod (of non-alloy steel)

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023