Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $7,042 per ton, growing by 9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2021 an increase of 30%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($9,521 per ton), while the price for China ($5,754 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $45,707 per ton in July 2022, picking up by 186% against the previous month. In general, the export price posted a prominent expansion. The pace of growth was the most pronounced in December 2021 an increase of 213% m-o-m. The export price peaked in July 2022.
As there is only one major export destination, the average price level is determined by prices for the United States.
From July 2021 to July 2022, the rate of growth in terms of prices for the United States amounted to +13.3% per month.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico
In 2022, approx. 2.3K tons of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were imported into Mexico; stabilizing at the previous year's figure. Overall, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $16M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.7 | 3.4 | 4.9 | 7.3 | 15.8% |
| China | 5.8 | 3.1 | 7.4 | 5.9 | 0.6% |
| Canada | 2.6 | 2.1 | 2.4 | 2.7 | 1.3% |
| Others | 0.2 | 0.4 | 0.1 | 0.4 | 26.0% |
| Total | 13.4 | 9.0 | 14.7 | 16.3 | 6.7% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Mexico in 2022:
- China (1021.1 tons)
- United States (993.4 tons)
- Canada (285.5 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico
In 2022, approx. 27 tons of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were exported from Mexico; increasing by 271% on the previous year. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 280%. As a result, the exports attained the peak of 63 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses soared to $186K in 2022. Over the period under review, exports continue to indicate significant growth.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 85.6 | 213 | 43.8 | 186 | 29.5% |
| Nicaragua | 9.0 | 7.1 | N/A | N/A | -21.1% |
| Costa Rica | 5.7 | 14.5 | N/A | N/A | 154.4% |
| Canada | N/A | 131 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 100 | 366 | 43.8 | 186 | 23.0% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Mexico in 2022:
- United States (27.2 tons)
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