Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico (FOB) - 2024
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,034 per ton in December 2023, surging by 9.4% against the previous month. In general, the export price, however, saw a perceptible contraction. The growth pace was the most rapid in June 2023 an increase of 14% against the previous month. The export price peaked at $1,270 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to -2.0% per month.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico (CIF) - 2024
In December 2023, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $2,004 per ton, falling by -11.9% against the previous month. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 15% against the previous month. Over the period under review, average import prices attained the maximum at $2,455 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Canada ($2,653 per ton), while the price for China ($1,244 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.0%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico
Exports of iron or non-alloy steel wire, not plated or coateds from Mexico soared to 106K tons in 2022, picking up by 41% on 2021. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds skyrocketed to $137M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.1% 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 +73.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 78.1 | 83.0 | 83.4 | 137 | 20.6% |
| Others | 1.0 | 1.1 | 0.3 | 0.5 | -20.6% |
| Total | 79.1 | 84.0 | 83.7 | 137 | 20.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Mexico in 2022:
- United States (105.7K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico
In 2022, imports of iron or non-alloy steel wire, not plated or coateds into Mexico dropped dramatically to 14K tons, shrinking by -17.7% on 2021 figures. In general, imports saw a abrupt decline.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds amounted to $34M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 13.0 | 12.6 | -3.1% | ||
| Japan | 7.2 | 6.0 | -16.7% | ||
| South Korea | 3.3 | 4.4 | 33.3% | ||
| China | 2.9 | 3.4 | 17.2% | ||
| Canada | 3.5 | 3.3 | -5.7% | ||
| Spain | 1.8 | 2.5 | 38.9% | ||
| Germany | 1.2 | 1.5 | 25.0% | ||
| Others | 0.6 | N/A | 0% | ||
| Total | 33.5 | 33.6 | 0.3% | ||
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Mexico in 2022:
- United States (5.2K tons)
- Japan (2.3K tons)
- Canada (1.7K tons)
- South Korea (1.6K tons)
- Spain (1.5K tons)
- China (1.4K tons)
- Germany (0.5K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
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This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
471
This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
346
This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
1951
This report provides an in-depth analysis of the global market for iron and steel wire.
544
This report provides an in-depth analysis of the global market for iron and steel wire.
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