Price for Steel, Alloy; Ingots and Other Primary Forms in Mexico - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Mexico (CIF) - 2023
- Price for Steel, Alloy; Ingots and Other Primary Forms in Mexico (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Mexico
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Mexico
Price for Steel, Alloy; Ingots and Other Primary Forms in Mexico (CIF) - 2023
The average import price for steel, alloy; ingots and other primary formses stood at $3,313 per ton in June 2023, waning by -19.8% against the previous month. In general, the import price recorded a deep reduction. The growth pace was the most rapid in March 2023 an increase of 6.1% m-o-m. The import price peaked at $4,670 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From February 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to -6.2% per month.
Price for Steel, Alloy; Ingots and Other Primary Forms in Mexico (FOB) - 2022
In 2020, the average export price for steel, alloy; ingots and other primary formses amounted to $986 per ton, growing by 1.6% against the previous year. Over the period under review, the export price, however, showed a slight setback. The growth pace was the most rapid in 2014 an increase of 1.6% against the previous year. The export price peaked at $1,150 per ton in 2012; however, from 2013 to 2020, the export prices remained at a 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 2020, the rate of growth in terms of prices for the United States amounted to -1.9% per year.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Mexico
In 2022, the amount of steel, alloy; ingots and other primary formses imported into Mexico fell notably to 209 tons, shrinking by -94.8% on the previous year's figure. Over the period under review, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 151% against the previous year. As a result, imports attained the peak of 4K tons, and then reduced remarkably in the following year.
In value terms, imports of steel, alloy; ingots and other primary formses shrank rapidly to $203K in 2022. In general, imports saw a precipitous decrease. The pace of growth was the most pronounced in 2021 when imports increased by 77%. As a result, imports reached the peak of $3.7M, and then dropped markedly in the following year.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 2.1 | 3.7 | 0.2 | -59.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.9 | 2.1 | 3.7 | 0.2 | -59.0% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Mexico in 2022:
- United States (209.0 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Mexico
Exports of steel, alloy; ingots and other primary formses from Mexico surged to 1.8K tons in 2020, increasing by 27% compared with 2019 figures. The total export volume increased at an average annual rate of +26.7% from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy; ingots and other primary formses surged to $1.8M in 2020. The total export value increased at an average annual rate of +28.7% from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| United States | 1.4 | 1.8 | 28.6% | ||
| Others | N/A | N/A | 0% | ||
| Total | 1.4 | 1.8 | 28.6% | ||
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Mexico in 2022:
- United States (1.8K tons)
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