Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico - 2023

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico (CIF) - 2022

The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $5,295 per ton in 2022, picking up by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. As a result, import price attained the peak level of $6,392 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($6,852 per ton), while the price for India ($4,223 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico (FOB) - 2022

The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $3,939 per ton in 2022, growing by 2.6% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel; flat-rolled products of width less than 600mms increased by +114.2% against 2013 indices. The growth pace was the most rapid in 2014 an increase of 61% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($7,562 per ton), while the average price for exports to the United States totaled $3,938 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+23.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico

For the fourth year in a row, Mexico recorded growth in overseas purchases of stainless steel; flat-rolled products of width less than 600mms, which increased by 11% to 67K tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +68.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms rose notably to $352M in 2022. In general, total imports indicated a buoyant expansion 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, imports increased by +63.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Mexico in 2022:

1. United States (25.2K tons)
2. Japan (10.2K tons)
3. South Korea (9.6K tons)
4. China (5.8K tons)
5. India (4.2K tons)
6. Taiwan (Chinese) (3.2K tons)
7. Italy (2.4K tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Mexico

In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms exported from Mexico amounted to 4.1K tons, growing by 15% on the year before. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.9% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 31% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $16M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 35% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Mexico in 2022:

1. United States (4.1K tons)

Source: IndexBox Market Intelligence Platform