Mexico - Iron Or Steel Hot-Worked Helical Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Hot-Worked Helical Spring in Mexico - 2023
Contents:
- Price for Metal Hot-Worked Helical Spring in Mexico (CIF) - 2023
- Price for Metal Hot-Worked Helical Spring in Mexico (FOB) - 2023
- Imports of Metal Hot-Worked Helical Spring in Mexico
- Exports of Metal Hot-Worked Helical Spring in Mexico
Price for Metal Hot-Worked Helical Spring in Mexico (CIF) - 2023
The average metal hot-worked helical spring import price stood at $4,552 per ton in June 2023, with an increase of 2.9% against the previous month. In general, the import price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in September 2022 an increase of 63% m-o-m. Over the period under review, average import prices reached the peak figure at $7,210 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($14,502 per ton), while the price for China ($1,236 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 (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Metal Hot-Worked Helical Spring in Mexico (FOB) - 2023
In June 2023, the average metal hot-worked helical spring export price amounted to $4,919 per ton, with an increase of 79% against the previous month. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 90% month-to-month. Over the period under review, the average export prices attained the peak figure in June 2023.
Average prices varied somewhat for the major overseas markets. In June 2023, the country with the highest price was the United States ($4,762 per ton), while the average price for exports to Argentina totaled $3,575 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Metal Hot-Worked Helical Spring in Mexico
After two years of decline, purchases abroad of iron or steel hot-worked helical springs increased by 22% to 81K tons in 2022. Overall, imports, however, faced a deep downturn.
In value terms, metal hot-worked helical spring imports expanded rapidly to $473M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 17%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Metal Hot-Worked Helical Spring in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 306 | 243 | 275 | 308 | 0.2% |
China | 29.0 | 25.0 | 41.7 | 54.2 | 23.2% |
Germany | 24.7 | 18.1 | 24.4 | 22.2 | -3.5% |
Japan | 25.2 | 20.7 | 19.3 | 22.2 | -4.1% |
Canada | 11.7 | 11.5 | 16.5 | 18.2 | 15.9% |
South Korea | 14.1 | 10.8 | 10.6 | 10.3 | -9.9% |
Others | 34.1 | 32.4 | 36.4 | 37.1 | 2.9% |
Total | 445 | 361 | 424 | 473 | 2.1% |
Top Suppliers of Metal Hot-Worked Helical Spring to Mexico in 2022:
- United States (52.4K tons)
- China (15.7K tons)
- Japan (3.4K tons)
- Canada (2.4K tons)
- Germany (1.8K tons)
- South Korea (1.5K tons)
Exports of Metal Hot-Worked Helical Spring in Mexico
In 2022, exports of iron or steel hot-worked helical springs from Mexico skyrocketed to 44K tons, rising by 71% compared with the previous year's figure. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 78%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, metal hot-worked helical spring exports skyrocketed to $178M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor 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.
Export of Metal Hot-Worked Helical Spring in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 136 | 118 | 140 | 164 | 6.4% |
Canada | 12.1 | 8.4 | 7.0 | 6.1 | -20.4% |
Others | 11.4 | 13.0 | 6.9 | 7.3 | -13.8% |
Total | 160 | 140 | 154 | 178 | 3.6% |
Top Export Markets for Metal Hot-Worked Helical Spring from Mexico in 2022:
- United States (43.7K tons)
- Canada (0.2K tons)
This report provides an in-depth analysis of the market for metal hot-worked helical spring 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 25931631 - Iron or steel hot-worked helical springs
- Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
- Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
- Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
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
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