Price for Iron and Non-Alloy Steel in Ingot in Mexico - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Mexico (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Mexico (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Mexico
- Exports of Iron and Non-Alloy Steel in Ingot in Mexico
Price for Iron and Non-Alloy Steel in Ingot in Mexico (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $2.2 per ton in 2022, dropping by -99.8% against the previous year. Overall, the import price saw a sharp descent. The pace of growth was the most pronounced in 2018 an increase of 34%. The import price peaked at $1,496 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, 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 the United States amounted to +1.6% per year.
Price for Iron and Non-Alloy Steel in Ingot in Mexico (FOB) - 2022
In 2021, the average export price for iron and non-alloy steel in ingots amounted to $488 per ton, declining by -13.1% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 12%. As a result, the export price attained the peak level of $1,037 per ton. From 2015 to 2021, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($4,330 per ton), while the average price for exports to Saudi Arabia ($125 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron and Non-Alloy Steel in Ingot in Mexico
Imports of iron and non-alloy steel in ingots into Mexico skyrocketed to 3.5K tons in 2022, jumping by 326% compared with 2021. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron and non-alloy steel in ingots shrank remarkably to $7.6K in 2022. Overall, imports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 175%. As a result, imports attained the peak of $3.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Iron and Non-Alloy Steel in Ingot in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 3.3 | 0.9 | N/A | -13.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 3.3 | 0.9 | N/A | -13.4% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Mexico in 2022:
Exports of Iron and Non-Alloy Steel in Ingot in Mexico
In 2021, exports of iron and non-alloy steel in ingots from Mexico contracted dramatically to 275 tons, waning by -73.7% on the previous year. In general, exports faced a dramatic shrinkage.
In value terms, exports of iron and non-alloy steel in ingots reduced sharply to $135K in 2021. Over the period under review, exports recorded a dramatic shrinkage.
| Export of Iron and Non-Alloy Steel in Ingot in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 502 | 17.5 | 75.2 | -61.3% | |
| Finland | 18.6 | 1.8 | 25.9 | 18.0% | |
| Saudi Arabia | N/A | N/A | 7.0 | 0% | |
| Guatemala | 1,608 | 378 | N/A | -76.5% | |
| El Salvador | 778 | 186 | N/A | -76.1% | |
| Others | 30.9 | 4.8 | 26.3 | -7.7% | |
| Total | 2,937 | 588 | 135 | -78.6% | |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Mexico in 2022:
- United States (172.8 tons)
- Saudi Arabia (56.0 tons)
- Finland (6.0 tons)
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