Price for Aluminium; Tubes and Pipes in Mexico - 2023
Contents:
- Price for Aluminium; Tubes and Pipes in Mexico (CIF) - 2022
- Price for Aluminium; Tubes and Pipes in Mexico (FOB) - 2022
- Imports of Aluminium; Tubes and Pipes in Mexico
- Exports of Aluminium; Tubes and Pipes in Mexico
Price for Aluminium; Tubes and Pipes in Mexico (CIF) - 2022
In 2022, the average aluminium; tubes and pipes import price amounted to $6,985 per ton, reducing by -1.5% against the previous year. Over the period under review, the import price, however, showed perceptible growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 33%. Over the period under review, average import prices attained the peak figure at $7,094 per ton in 2021, and then dropped in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,157 per ton), while the price for China ($5,930 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Tubes and Pipes in Mexico (FOB) - 2022
In 2022, the average aluminium; tubes and pipes export price amounted to $6,221 per ton, stabilizing at the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 28%. Over the period under review, the average export prices hit record highs at $6,708 per ton in 2018; however, from 2019 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 the United States amounted to +2.5% per year.
Imports of Aluminium; Tubes and Pipes in Mexico
In 2022, aluminium; tubes and pipes imports into Mexico surged to 40K tons, rising by 26% against the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium; tubes and pipes imports soared to $279M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.3% 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 +56.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Aluminium; Tubes and Pipes in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 193 | 147 | 186 | 225 | 5.2% |
| China | 18.9 | 16.5 | 19.9 | 34.9 | 22.7% |
| South Korea | 2.8 | 2.5 | 4.6 | 5.3 | 23.7% |
| Japan | 6.2 | 3.3 | 4.1 | 2.6 | -25.1% |
| Others | 11.7 | 9.5 | 10.9 | 11.5 | -0.6% |
| Total | 232 | 179 | 225 | 279 | 6.3% |
Top Suppliers of Aluminium; Tubes and Pipes to Mexico in 2022:
- United States (31.5K tons)
- China (5.9K tons)
- South Korea (0.8K tons)
- Japan (0.4K tons)
Exports of Aluminium; Tubes and Pipes in Mexico
Aluminium; tubes and pipes exports from Mexico soared to 15K tons in 2022, picking up by 37% against 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, aluminium; tubes and pipes exports soared to $94M in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 69%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Aluminium; Tubes and Pipes in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 48.1 | 38.3 | 65.6 | 92.0 | 24.1% |
| Others | 2.0 | 1.6 | 1.7 | 1.7 | -5.3% |
| Total | 50.0 | 39.9 | 67.3 | 93.6 | 23.2% |
Top Export Markets for Aluminium; Tubes and Pipes from Mexico in 2022:
- United States (14.8K tons)
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