Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico (CIF) - 2023
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico (FOB) - 2023
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico (CIF) - 2023

The average import price for tubing; flexible, with or without fittings, of base metals stood at $7,873 per ton in November 2023, which is down by -60.5% against the previous month. Over the period under review, the import price showed a deep contraction. The pace of growth was the most pronounced in May 2023 an increase of 134% month-to-month. The import price peaked at $28,464 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($15,879 per ton), while the price for China totaled $2,862 per ton.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (-1.3%).

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico (FOB) - 2023

In November 2023, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $9,561 per ton, with an increase of 4.2% against the previous month. In general, export price indicated moderate growth from December 2022 to November 2023: its price increased at an average monthly rate of +3.1% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for tubing; flexible, with or without fittings, of base metals decreased by -2.8% against August 2023 indices. The growth pace was the most rapid in July 2023 when the average export price increased by 89% against the previous month. The export price peaked at $9,839 per ton in August 2023; however, from September 2023 to November 2023, 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 December 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to +2.2% per month.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico

In 2022, the amount of tubing; flexible, with or without fittings, of base metals imported into Mexico dropped to 2.7K tons, with a decrease of -5.4% against 2021. In general, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, imports attained the peak of 2.8K tons, and then contracted in the following year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals rose significantly to $53M in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Mexico in 2022:

1. United States (1584.3 tons)
2. China (589.4 tons)
3. India (87.2 tons)
4. France (64.4 tons)
5. Italy (63.4 tons)
6. South Korea (57.7 tons)
7. Canada (52.8 tons)
8. Japan (50.9 tons)
9. Germany (46.8 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Mexico

In 2022, after two years of decline, there was significant growth in shipments abroad of tubing; flexible, with or without fittings, of base metals, when their volume increased by 98% to 1.3K tons. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tubing; flexible, with or without fittings, of base metals soared to $38M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +57.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Mexico in 2022:

1. United States (1168.0 tons)
2. Colombia (49.2 tons)
3. Costa Rica (18.3 tons)
4. Ecuador (14.7 tons)

Source: IndexBox Market Intelligence Platform