Stainless Steel Wire Price in Mexico - 2023
Contents:
- Stainless Steel Wire Price in Mexico (CIF) - 2022
- Stainless Steel Wire Price in Mexico (FOB) - 2022
- Stainless Steel Wire Imports in Mexico
- Stainless Steel Wire Exports in Mexico
Stainless Steel Wire Price in Mexico (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $8,797 per ton, increasing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 47%. As a result, import price reached the peak level of $9,321 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($15,378 per ton), while the price for India ($5,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Mexico (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $10,605 per ton, surging by 18% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 85% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($10,647 per ton), while the average price for exports to Costa Rica totaled $7,006 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Wire Imports in Mexico
In 2022, stainless steel wire imports into Mexico expanded remarkably to 11K tons, growing by 6.1% on the year before. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year.
In value terms, stainless steel wire imports soared to $92M in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.7 | 34.6 | 38.7 | 44.2 | -5.1% |
| India | 10.9 | 7.1 | 10.7 | 15.7 | 12.9% |
| China | 3.4 | 4.6 | 8.1 | 8.9 | 37.8% |
| South Korea | 4.2 | 3.4 | 5.5 | 8.2 | 25.0% |
| Japan | 4.4 | 2.7 | 3.7 | 3.7 | -5.6% |
| United Kingdom | 0.8 | 0.2 | 0.2 | 3.4 | 62.0% |
| Taiwan (Chinese) | 2.1 | 1.4 | 2.1 | 3.2 | 15.1% |
| Others | 13.1 | 4.9 | 3.6 | 5.1 | -27.0% |
| Total | 90.5 | 58.7 | 72.5 | 92.5 | 0.7% |
Top Suppliers of Stainless Steel Wire to Mexico in 2022:
- India (3.1K tons)
- United States (3.0K tons)
- China (1.7K tons)
- South Korea (0.9K tons)
- United Kingdom (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
- Japan (0.2K tons)
Stainless Steel Wire Exports in Mexico
In 2022, approx. 1.6K tons of stainless steel wire were exported from Mexico; picking up by 58% against the previous year. Over the period under review, total exports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.9% against 2020 indices.
In value terms, stainless steel wire exports soared to $17M in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Wire in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 5.4 | 9.0 | 16.6 | 38.9% |
| Costa Rica | 2.7 | 2.1 | N/A | 0.1 | -66.7% |
| Others | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Total | 9.2 | 7.9 | 9.0 | 16.7 | 22.0% |
Top Export Markets for Stainless Steel Wire from Mexico in 2022:
- United States (1557.8 tons)
- Costa Rica (18.2 tons)
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