Copper; Master Alloys Price in Mexico - 2023

Contents:

1. Copper; Master Alloys Price in Mexico (CIF) - 2023
2. Copper; Master Alloys Price in Mexico (FOB) - 2022
3. Copper; Master Alloys Imports in Mexico
4. Copper; Master Alloys Exports in Mexico

Copper; Master Alloys Price in Mexico (CIF) - 2023

The average copper; master alloys import price stood at $11,266 per ton in June 2023, declining by -12.3% against the previous month. Overall, the import price saw a mild reduction. The growth pace was the most rapid in February 2023 when the average import price increased by 7% m-o-m. The import price peaked at $14,033 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -1.8% per month.

Copper; Master Alloys Price in Mexico (FOB) - 2022

In 2022, the average copper; master alloys export price amounted to $13,783 per ton, waning by -16.1% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 84%. The export price peaked at $36,017 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($80,931 per ton), while the average price for exports to Germany ($2,958 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 the United States (+29.2%), while the prices for the other major destinations experienced mixed trend patterns.

Copper; Master Alloys Imports in Mexico

In 2022, supplies from abroad of copper; master alloyses was finally on the rise to reach 482 tons after two years of decline. In general, imports, however, saw a slight downturn.

In value terms, copper; master alloys imports surged to $5.7M in 2022. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Master Alloys to Mexico in 2022:

1. United States (481.8 tons)

Copper; Master Alloys Exports in Mexico

Copper; master alloys exports from Mexico expanded sharply to 235 kg in 2022, surging by 14% on the previous year's figure. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 75%. As a result, the exports reached the peak of 245 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper; master alloys exports shrank modestly to $3.2K in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year.

Top Export Markets for Copper; Master Alloys from Mexico in 2022:

1. Germany (143.0 kg)
2. Canada (59.0 kg)
3. United States (29.0 kg)

Source: IndexBox Market Intelligence Platform