Price for Steel, Stainless; Angles, Shapes and Sections in Mexico - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Mexico (CIF) - 2024
- Price for Steel, Stainless; Angles, Shapes and Sections in Mexico (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Mexico
- Exports of Steel, Stainless; Angles, Shapes and Sections in Mexico
Price for Steel, Stainless; Angles, Shapes and Sections in Mexico (CIF) - 2024
In December 2023, the average import price for steel, stainless amounted to $3,247 per ton, with a decrease of -17.5% against the previous month. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in September 2023 an increase of 22% m-o-m. As a result, import price reached the peak level of $4,995 per ton. From October 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($13,398 per ton), while the price for India ($2,674 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Mexico (FOB) - 2022
The average export price for steel, stainless stood at $7,874 per ton in 2022, dropping by -60% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 236% against the previous year. As a result, the export price attained the peak level of $19,694 per ton, and then dropped significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.0% per year.
Imports of Steel, Stainless; Angles, Shapes and Sections in Mexico
In 2022, approx. 2.7K tons of steel, stainless were imported into Mexico; which is down by -22.4% compared with the previous year. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 99%. As a result, imports reached the peak of 3.5K tons, and then declined remarkably in the following year.
In value terms, imports of steel, stainless expanded significantly to $15M in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Steel, Stainless; Angles, Shapes and Sections in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.1 | 4.0 | 7.0 | 6.3 | 15.4% |
| United States | 1.8 | 1.5 | 4.6 | 5.3 | 43.3% |
| Germany | 0.4 | 0.4 | 0.2 | 1.4 | 51.8% |
| China | 1.4 | 1.0 | 0.9 | 1.4 | 0.0% |
| Italy | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
| Others | 1.0 | 0.5 | N/A | N/A | -50.0% |
| Total | 9.1 | 7.6 | 13.1 | 14.8 | 17.6% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Mexico in 2022:
- India (1405.8 tons)
- United States (799.2 tons)
- China (309.9 tons)
- Germany (122.8 tons)
- Italy (45.1 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Mexico
In 2022, exports of steel, stainless from Mexico surged to 26 tons, rising by 417% on 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,070%. As a result, the exports reached the peak of 44 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, stainless surged to $206K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 810% against the previous year. As a result, the exports attained the peak of $255K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Steel, Stainless; Angles, Shapes and Sections in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.0 | 255 | 34.7 | 206 | 94.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 28.0 | 255 | 34.7 | 206 | 94.5% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Mexico in 2022:
- United States (26.1 tons)
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