Mexico - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in Mexico - 2022
Contents:
- Iron and Steel Price in Mexico (CIF) - 2022
- Iron and Steel Price in Mexico (FOB) - 2022
- Iron and Steel Imports in Mexico
- Iron and Steel Exports in Mexico
Iron and Steel Price in Mexico (CIF) - 2022
In November 2022, the average iron and steel import price amounted to $488 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the import price faced a abrupt decrease. As a result, import price attained the peak level of $2,190 per ton. From March 2022 to November 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From February 2022 to November 2022, the rate of growth in terms of prices for Brazil amounted to 0.0% per month.
Iron and Steel Price in Mexico (FOB) - 2022
The average iron and steel export price stood at $577 per ton in 2022, increasing by 3.8% against the previous year. Overall, the export price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 13%. As a result, the export price reached the peak level of $1,038 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($2,026 per ton), while the average price for exports to the United States ($521 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 Dominican Republic (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Iron and Steel Imports in Mexico
In 2022, approx. 275K tons of iron and steel were imported into Mexico; falling by -1.9% against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 3.9%. As a result, imports reached the peak of 280K tons, and then declined in the following year.
In value terms, iron and steel imports surged to $56M in 2022. In general, imports continue to indicate a abrupt contraction. Imports peaked at $96M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Iron and Steel in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 93.4 | 63.1 | 35.3 | 46.5 | -20.7% |
Russia | 1.0 | 0.7 | 8.3 | 7.3 | 94.0% |
United States | 1.5 | 3.7 | 1.2 | 2.3 | 15.3% |
Others | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
Total | 96.1 | 67.7 | 44.9 | 56.3 | -16.3% |
Top Suppliers of Iron and Steel to Mexico in 2022:
- Brazil (238.4K tons)
- Russia (30.8K tons)
- United States (5.7K tons)
Iron and Steel Exports in Mexico
In 2022, shipments abroad of iron and steel was finally on the rise to reach 675 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a significant decrease. The exports peaked at 4.5K tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, iron and steel exports soared to $390K in 2022. Overall, exports, however, saw a sharp curtailment. The exports peaked at $3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Iron and Steel in Mexico (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 509 | 23.1 | 93.3 | 336 | -12.9% |
Guatemala | 1,631 | 507 | 23.9 | 28.6 | -74.0% |
Finland | 18.7 | 2.4 | 32.2 | 25.3 | 10.6% |
El Salvador | 783 | 60.6 | N/A | N/A | -92.3% |
Others | 19.4 | 27.4 | 10.5 | 0.2 | -78.2% |
Total | 2,961 | 620 | 160 | 390 | -49.1% |
Top Export Markets for Iron and Steel from Mexico in 2022:
- United States (645.1 tons)
- Finland (15.5 tons)
- Guatemala (14.1 tons)
This report provides an in-depth analysis of the iron and steel market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the iron and steel market in Mexico.
This report provides an in-depth analysis of the pig iron market in Mexico.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the global pig iron market.
This report provides an in-depth analysis of the iron and steel market in Mexico.
This report provides an in-depth analysis of the pig iron market in Mexico.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the global pig iron market.
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