Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico (FOB) - 2023
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico (CIF) - 2022
3. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico
4. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico (FOB) - 2023

In October 2023, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $1.3 per unit, almost unchanged from the previous month. Over the period under review, the export price, however, enjoyed modest growth. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 15% against the previous month. As a result, the export price reached the peak level of $1.3 per unit, leveling off in the following month.

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

From October 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +1.2% per month.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.9 per unit in 2022, reducing by -9.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 1.3%. As a result, import price reached the peak level of $1 per unit, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5.2 per unit), while the price for Spain ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico

After two years of decline, shipments abroad of millstones, grindstones, grinding wheels and the like; of natural stones increased by 13% to 29M units in 2022. In general, exports, however, showed a sharp reduction. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure at 70M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $30M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Mexico in 2022:

1. United States (28.8M units)

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Mexico

In 2022, supplies from abroad of millstones, grindstones, grinding wheels and the like; of natural stones was finally on the rise to reach 8.3M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep slump. Imports peaked at 15M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $7.6M in 2022. Over the period under review, imports, however, saw a precipitous shrinkage. Imports peaked at $15M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Mexico in 2022:

1. United States (4.6M units)
2. China (1.7M units)
3. India (1.0M units)
4. Germany (0.3M units)
5. Spain (0.3M units)
6. Italy (0.2M units)

Source: IndexBox Market Intelligence Platform