Mexico: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in Mexico

In 2022, the Mexican market for non-silver precious metal non-jewelry articles decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in Mexico

In value terms, non-silver precious metal non-jewelry article production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports from Mexico

In 2022, approx. X kg of non-silver precious metal non-jewelry articles were exported from Mexico; growing by X% compared with 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X kg in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article exports rose slightly to $X in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for non-silver precious metal non-jewelry article exports from Mexico, with a X% share of total exports. Moreover, non-silver precious metal non-jewelry article exports to France exceeded the volume sent to the second major destination, Sweden (X kg), threefold. The third position in this ranking was taken by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the United States (X% per year).

In value terms, Canada ($X), the United States ($X) and France ($X) constituted the largest markets for non-silver precious metal non-jewelry article exported from Mexico worldwide, together comprising X% of total exports. Switzerland, Sweden and Belgium lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for non-silver precious metal non-jewelry articles amounted to $X per kg, falling by X% against the previous year. In general, the export price, however, posted significant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per kg in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Canada ($X per kg), while the average price for exports to Sweden ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports into Mexico

Non-silver precious metal non-jewelry article imports into Mexico contracted rapidly to X kg in 2022, which is down by X% against the previous year. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X kg in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-silver precious metal non-jewelry article imports skyrocketed to $X in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X kg), Germany (X kg) and the UK (X kg) were the main suppliers of non-silver precious metal non-jewelry article imports to Mexico, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of non-silver precious metal non-jewelry articles to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average import price for non-silver precious metal non-jewelry articles amounted to $X per kg, growing by X% against the previous year. In general, the import price enjoyed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per kg), while the price for Brazil ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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