Mexico - Iron Or Steel Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Washer Price in Mexico - 2023
Contents:
- Metal Washer Price in Mexico (CIF) - 2022
- Metal Washer Price in Mexico (FOB) - 2022
- Metal Washer Imports in Mexico
- Metal Washer Exports in Mexico
Metal Washer Price in Mexico (CIF) - 2022
The average metal washer import price stood at $3,316 per ton in 2022, growing by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2014 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $4,044 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
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 Germany ($11,070 per ton), while the price for the United States ($2,248 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Washer Price in Mexico (FOB) - 2022
The average metal washer export price stood at $6,275 per ton in 2022, falling by -3.9% against the previous year. In general, the export price, however, saw a moderate increase. The pace of growth was the most pronounced in 2018 an increase of 70% against the previous year. As a result, the export price attained the peak level of $12,365 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($7,954 per ton), while the average price for exports to Canada ($2,450 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 (+3.0%), while the prices for the other major destinations experienced a decline.
Metal Washer Imports in Mexico
In 2022, metal washer imports into Mexico totaled 72K tons, growing by 7% on the previous year's figure. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, metal washer imports expanded significantly to $240M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Metal Washer in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 107 | 91.3 | 108 | 119 | 3.6% |
China | 21.7 | 21.6 | 33.6 | 39.3 | 21.9% |
Germany | 21.1 | 17.6 | 21.6 | 21.8 | 1.1% |
Taiwan (Chinese) | 9.7 | 8.5 | 11.3 | 12.0 | 7.4% |
Japan | 11.7 | 9.4 | 12.4 | 10.6 | -3.2% |
Others | 29.1 | 21.3 | 31.4 | 36.6 | 7.9% |
Total | 201 | 170 | 218 | 240 | 6.1% |
Top Suppliers of Metal Washer to Mexico in 2022:
- United States (53.1K tons)
- China (10.3K tons)
- Taiwan (Chinese) (2.8K tons)
- Germany (2.0K tons)
- Japan (1.2K tons)
Metal Washer Exports in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas shipments of iron or steel washers, which increased by 5.2% to 3.5K tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 54%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, metal washer exports amounted to $22M in 2022. Overall, exports, however, recorded a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 9.4% against the previous year.
Export of Metal Washer in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 19.5 | 18.2 | 19.6 | 20.2 | 1.2% |
Panama | N/A | N/A | N/A | 0.5 | 0% |
Canada | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
China | 1.9 | 0.3 | 0.5 | 0.2 | -52.8% |
Others | 1.2 | 1.2 | 1.3 | 0.7 | -16.4% |
Total | 22.8 | 19.8 | 21.6 | 21.9 | -1.3% |
Top Export Markets for Metal Washer from Mexico in 2022:
- United States (3146.0 tons)
- Canada (109.8 tons)
- Panama (66.6 tons)
- China (39.9 tons)
This report provides an in-depth analysis of the metal washer 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:
- Prodcom 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
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
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Imports of Metal Spring Washers reached a peak in 2023 and are projected to continue growing in the near future, with a value of $79M in 2023.
In June 2023, the price of Metal Spring Washers dropped by -20.6% to $5,781 per ton (CIF, Mexico), compared to the previous month.
In November 2022, the growth rate of Metal Screw Hook imports was particularly significant, increasing by 117% compared to the previous month. The value of these imports surged to $475K in October 2023.
During the review period, Metal Rivet imports peaked at 60K tons in 2013 but decreased from 2014 to 2023. In terms of value, Metal Rivet imports declined to $212M in 2023.
Metal Rivet imports peaked at 29K tons in 2013 but decreased significantly in the following years, with imports remaining at a lower figure. In terms of value, Metal Rivet imports contracted to $106M in 2023.
In January 2023, the metal rivet price amounted to $5,773 per ton (CIF, Mexico), jumping by 113% against the previous month.
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