Mexico: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in Mexico

The Mexican non-alloy steel h-sections market reduced slightly to $X in 2022, declining by X% against the previous year. Overall, consumption showed a noticeable shrinkage. Non-alloy steel h-sections consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Production in Mexico

In value terms, non-alloy steel h-sections production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Non-alloy steel h-sections production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Non-Alloy Steel H-Sections Exports

Exports from Mexico

In 2022, non-alloy steel h-sections exports from Mexico surged to X tons, jumping by X% compared with the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-alloy steel h-sections exports skyrocketed to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for non-alloy steel h-sections exports from Mexico, with a X% share of total exports. Moreover, non-alloy steel h-sections exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. Honduras (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Honduras (X% per year).

In value terms, the United States ($X) remains the key foreign market for h-sections of of non-alloy steel exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the average non-alloy steel h-sections export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

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

Non-Alloy Steel H-Sections Imports

Imports into Mexico

In 2022, purchases abroad of h-sections of of non-alloy steel increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a slight increase. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel h-sections imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Luxembourg (X tons), South Korea (X tons) and the United Arab Emirates (X tons) were the main suppliers of non-alloy steel h-sections imports to Mexico, together accounting for 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 Luxembourg (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-alloy steel h-sections suppliers to Mexico were Luxembourg ($X), the United Arab Emirates ($X) and South Korea ($X), together comprising X% of total imports.

Luxembourg, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-alloy steel h-sections import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a tangible increase. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 the United States ($X per ton), while the price for Spain ($X 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 Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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