Price for Powders of Pig Iron in Mexico - 2023

Contents:

1. Price for Powders of Pig Iron in Mexico (CIF) - 2023
2. Price for Powders of Pig Iron in Mexico (FOB) - 2022
3. Imports of Powders of Pig Iron in Mexico
4. Exports of Powders of Pig Iron in Mexico

Price for Powders of Pig Iron in Mexico (CIF) - 2023

In June 2023, the average powders of pig iron import price amounted to $1,886 per ton, dropping by -8.3% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 17% m-o-m. The import price peaked at $2,198 per ton in April 2023; however, from May 2023 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 ($3,803 per ton), while the price for Canada ($1,354 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 Canada (-0.3%), while the prices for the other major suppliers experienced a decline.

Price for Powders of Pig Iron in Mexico (FOB) - 2022

In 2022, the average powders of pig iron export price amounted to $1,525 per ton, stabilizing at the previous year. Over the period under review, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2019 an increase of 109%. As a result, the export price attained the peak level of $3,036 per ton. From 2020 to 2022, the average export prices remained 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 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.0% per year.

Imports of Powders of Pig Iron in Mexico

Powders of pig iron imports into Mexico expanded modestly to 20K tons in 2022, rising by 2.1% compared with the year before. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, powders of pig iron imports rose markedly to $37M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 +67.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Powders of Pig Iron to Mexico in 2022:

1. United States (16.1K tons)
2. Canada (1.4K tons)
3. China (1.1K tons)
4. Egypt (0.4K tons)
5. Sweden (0.2K tons)

Exports of Powders of Pig Iron in Mexico

After three years of growth, overseas shipments of powders of pig ira decreased by -40.2% to 50 tons in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 429%. As a result, the exports reached the peak of 84 tons, and then fell markedly in the following year.

In value terms, powders of pig iron exports declined significantly to $76K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 461%. As a result, the exports reached the peak of $129K, and then plummeted in the following year.

Top Export Markets for Powders of Pig Iron from Mexico in 2022:

1. United States (49.9 tons)

Source: IndexBox Market Intelligence Platform