Price for Nickel; Tubes and Pipes, of Nickel Alloys in Mexico - 2023

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Mexico (CIF) - 2023
2. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Mexico (FOB) - 2023
3. Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Mexico
4. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Mexico

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Mexico (CIF) - 2023

In June 2023, the average import price for nickel; tubes and pipes, of nickel alloyses amounted to $87,423 per ton, standing approximately at the previous month. Over the period under review, the import price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in March 2023 when the average import price increased by 45% month-to-month. As a result, import price attained the peak level of $181K per ton. From April 2023 to June 2023, the average import prices failed to regain momentum.

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

From December 2022 to June 2023, the rate of growth in terms of prices for China amounted to 0.0% per month.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Mexico (FOB) - 2023

In June 2023, the average export price for nickel; tubes and pipes, of nickel alloyses amounted to $628K per ton, standing approximately at the previous month. Overall, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in February 2023 an increase of 502% against the previous month. As a result, the export price reached the peak level of $878K per ton. From March 2023 to June 2023, the the average export prices failed to regain momentum.

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

From January 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to +33.9% per month.

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Mexico

In 2022, imports of nickel; tubes and pipes, of nickel alloyses into Mexico dropped to 138 tons, shrinking by -14% compared with the previous year's figure. Overall, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 9.1%. As a result, imports attained the peak of 161 tons, and then declined in the following year.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses surged to $16M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.9% 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 +76.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Mexico in 2022:

1. United States (118.4 tons)
2. Italy (6.4 tons)
3. Germany (6.0 tons)
4. China (4.6 tons)
5. United Kingdom (2.7 tons)

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Mexico

In 2022, the amount of nickel; tubes and pipes, of nickel alloyses exported from Mexico expanded remarkably to 1.4 tons, surging by 15% on the previous year's figure. The total export volume increased at an average annual rate of +14.8% from 2021 to 2022; the trend pattern remained consistent, 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.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses skyrocketed to $475K in 2022. The total export value increased at an average annual rate of +29.9% from 2021 to 2022; 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.

Top Export Markets for Nickel; Tubes and Pipes, of Nickel Alloys from Mexico in 2022:

1. United States (1.4 tons)

Source: IndexBox Market Intelligence Platform