Price for Chain and Parts Thereof, of Iron or Steel in Mexico - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Mexico (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Mexico (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Mexico
- Exports of Chain and Parts Thereof, of Iron or Steel in Mexico
Price for Chain and Parts Thereof, of Iron or Steel in Mexico (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $28,449 per ton, with an increase of 13% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 203%. The import price peaked at $33,080 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Japan ($54,521 per ton), while the price for South Korea ($14,868 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Mexico (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $84,759 per ton in 2022, surging by 12% against the previous year. Overall, the export price showed a significant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 71% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($107,219 per ton), while the average price for exports to Ecuador ($5,781 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 Colombia (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Mexico
For the third year in a row, Mexico recorded decline in overseas purchases of chain and parts thereof, of iron or steel, which decreased by -2.8% to 10K tons in 2022. Over the period under review, imports recorded a abrupt shrinkage. The smallest decline of -1% was in 2021.
In value terms, imports of chain and parts thereof, of iron or steel expanded sharply to $292M in 2022. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year.
| Import of Chain and Parts Thereof, of Iron or Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 109 | 88.3 | 97.4 | 111 | 0.6% |
| China | 41.4 | 45.1 | 63.3 | 71.2 | 19.8% |
| Germany | 60.5 | 33.9 | 35.2 | 34.5 | -17.1% |
| Netherlands | 50.0 | 27.8 | 22.7 | 17.3 | -29.8% |
| Japan | 10.9 | 8.2 | 12.6 | 15.1 | 11.5% |
| South Korea | 8.4 | 6.3 | 9.1 | 10.5 | 7.7% |
| Italy | 8.3 | 7.6 | 8.3 | 9.7 | 5.3% |
| Others | 30.1 | 21.1 | 17.5 | 22.5 | -9.2% |
| Total | 319 | 238 | 266 | 292 | -2.9% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Mexico in 2022:
- United States (3.0K tons)
- China (2.7K tons)
- Germany (1.9K tons)
- South Korea (0.7K tons)
- Netherlands (0.4K tons)
- Japan (0.3K tons)
- Italy (0.2K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Mexico
In 2022, the amount of chain and parts thereof, of iron or steel exported from Mexico dropped to 391 tons, with a decrease of -11.9% against the year before. Over the period under review, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 19%.
In value terms, exports of chain and parts thereof, of iron or steel contracted modestly to $33M in 2022. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year.
| Export of Chain and Parts Thereof, of Iron or Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.1 | 17.9 | 26.9 | 27.8 | 3.5% |
| Japan | 4.1 | 3.1 | 2.2 | 1.6 | -26.9% |
| Colombia | 0.6 | 0.6 | 0.7 | 0.8 | 10.1% |
| Guatemala | 0.3 | 0.5 | 0.6 | 0.6 | 26.0% |
| Honduras | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Canada | 0.7 | 0.4 | 0.3 | 0.4 | -17.0% |
| Ecuador | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Austria | 6.7 | N/A | 0.6 | N/A | -70.1% |
| Others | 3.1 | 2.3 | 1.7 | 1.1 | -29.2% |
| Total | 41.2 | 25.3 | 33.5 | 33.1 | -7.0% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Mexico in 2022:
- United States (295.4 tons)
- Ecuador (26.8 tons)
- Canada (23.1 tons)
- Honduras (10.7 tons)
- Guatemala (9.4 tons)
- Colombia (7.6 tons)
- Japan (4.2 tons)
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