Mexico - Hot-Rolled Round Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Round Stainless Steel in Mexico - 2023
Contents:
- Price for Hot-Rolled Round Stainless Steel in Mexico (CIF) - 2023
- Price for Hot-Rolled Round Stainless Steel in Mexico (FOB) - 2022
- Imports of Hot-Rolled Round Stainless Steel in Mexico
- Exports of Hot-Rolled Round Stainless Steel in Mexico
Price for Hot-Rolled Round Stainless Steel in Mexico (CIF) - 2023
The average hot-rolled round stainless steel import price stood at $7,294 per ton in June 2023, rising by 13% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 27% m-o-m. Over the period under review, average import prices reached the maximum at $7,768 per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($14,035 per ton), while the price for India ($2,987 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled Round Stainless Steel in Mexico (FOB) - 2022
The average hot-rolled round stainless steel export price stood at $6,912 per ton in 2022, surging by 26% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled round stainless steel export price increased by +79.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 57%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +49.1% per year.
Imports of Hot-Rolled Round Stainless Steel in Mexico
In 2022, hot-rolled round stainless steel imports into Mexico skyrocketed to 6.2K tons, picking up by 18% against the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.8% 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 +67.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hot-rolled round stainless steel imports skyrocketed to $40M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Hot-Rolled Round Stainless Steel in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 7.6 | 5.9 | 7.0 | 9.9 | 9.2% |
Italy | 4.7 | 4.4 | 6.3 | 9.2 | 25.1% |
India | 4.0 | 3.3 | 3.2 | 5.9 | 13.8% |
Sweden | 2.9 | 3.0 | 2.7 | 4.3 | 14.0% |
Germany | 1.9 | 2.2 | 3.0 | 4.1 | 29.2% |
Taiwan (Chinese) | 2.7 | 2.4 | 1.7 | 3.0 | 3.6% |
China | 1.0 | 0.8 | 1.4 | 1.7 | 19.3% |
Others | 2.4 | 1.9 | 1.3 | 2.5 | 1.4% |
Total | 27.1 | 23.9 | 26.6 | 40.4 | 14.2% |
Top Suppliers of Hot-Rolled Round Stainless Steel to Mexico in 2022:
- India (1323.9 tons)
- Italy (1278.5 tons)
- United States (1029.1 tons)
- Germany (831.1 tons)
- Sweden (620.0 tons)
- Taiwan (Chinese) (462.0 tons)
- China (388.4 tons)
Exports of Hot-Rolled Round Stainless Steel in Mexico
In 2022, exports of hot-rolled round bars of stainless steel from Mexico soared to 103 tons, growing by 156% compared with 2021 figures. Overall, exports saw a significant increase.
In value terms, hot-rolled round stainless steel exports skyrocketed to $709K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Hot-Rolled Round Stainless Steel in Mexico (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 138 | 422 | 221 | 709 | 72.6% |
United Arab Emirates | 50.9 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 189 | 422 | 221 | 709 | 55.4% |
Top Export Markets for Hot-Rolled Round Stainless Steel from Mexico in 2022:
- United States (102.6 tons)
This report provides an in-depth analysis of the market for hot-rolled round stainless steel 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 24106410 - Hot-rolled round bars, of stainless 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in Mexico.
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Mexico.
This report provides an in-depth analysis of the stainless steel angle market in Mexico.
This report provides an in-depth analysis of the market for forged stainless steel bar in Mexico.
This report provides an in-depth analysis of the global market for hot-rolled round stainless steel.
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
This report provides an in-depth analysis of the global stainless steel angle market.
This report provides an in-depth analysis of the global market for forged stainless steel bar.
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in Mexico.
This report provides an in-depth analysis of the stainless steel angle market in Mexico.
In December 2022, the stainless steel angle price was $1,322 per ton (CIF, Mexico), a -44.5% decrease from the previous month.
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
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