Mexico: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Mexico

In 2022, the Mexican metal spring washer market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, recorded mild growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Spring Washer Production in Mexico

In value terms, metal spring washer production expanded slightly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Metal spring washer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Metal Spring Washer Exports

Exports from Mexico

In 2022, the amount of iron or steel spring washers exported from Mexico soared to X tons, increasing by X% compared with 2021 figures. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal spring washer exports amounted to $X in 2022. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

The United States (X tons) was the main destination for metal spring washer exports from Mexico, with a X% share of total exports. Moreover, metal spring washer exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for iron or steel spring washers exports from Mexico, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

In 2022, the average metal spring washer export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Metal Spring Washer Imports

Imports into Mexico

After four years of growth, overseas purchases of iron or steel spring washers decreased by X% to X tons in 2022. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, metal spring washer imports totaled $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest metal spring washer supplier to Mexico, with a X% share of total imports. Moreover, metal spring washer imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, the United States ($X) constituted the largest supplier of iron or steel spring washers to Mexico, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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