Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico - 2024

Contents:

1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico (CIF) - 2022
2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico (FOB) - 2022
3. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico
4. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico (CIF) - 2022

In 2022, the average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $3,906 per ton, approximately reflecting the previous year. Overall, the import price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2014 an increase of 623% against the previous year. Over the period under review, average import prices hit record highs at $47,260 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($4,030 per ton) and the United States ($3,919 per ton), while the price for South Korea ($2,758 per ton) and Germany ($2,858 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico (FOB) - 2022

In 2022, the average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $3,261 per ton, falling by -3.6% against the previous year. Overall, the export price saw a pronounced descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,101 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Colombia amounted to -0.4% per year.

Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico

In 2022, approx. 957K tons of aluminium plates, sheets and strip of thickness exceeding 0.2 mms were imported into Mexico; with an increase of 35% compared with the year before. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 96%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms surged to $3.7B in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to Mexico in 2022:

1. China (565.5K tons)
2. United States (264.5K tons)
3. South Korea (40.7K tons)
4. Germany (38.2K tons)

Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Mexico

For the fourth year in a row, Mexico recorded growth in shipments abroad of aluminium plates, sheets and strip of thickness exceeding 0.2 mms, which increased by 31% to 31K tons in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 196% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms skyrocketed to $102M in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 185% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from Mexico in 2022:

1. United States (31.2K tons)

Source: IndexBox Market Intelligence Platform