Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico - 2024
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico (FOB) - 2024
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico (CIF) - 2024
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico (FOB) - 2024
In February 2024, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $39.0 per unit, with a decrease of -3.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 7.9% against the previous month. The export price peaked at $42.3 per unit in February 2023; however, from March 2023 to February 2024, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In February 2024, the country with the highest price was Guatemala ($43.4 per unit), while the average price for exports to Ecuador ($36.3 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+4.1%), while the prices for the other major destinations experienced a decline.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico (CIF) - 2024
In February 2024, the average import price for containers for compressed or liquefied gas, of iron or steel amounted to $69.8 per unit, increasing by 38% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. Over the period under review, average import prices reached the peak figure at $78.9 per unit in December 2023; however, from January 2024 to February 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($100 per unit), while the price for China ($38.6 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced a decline.
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico
In 2022, exports of containers for compressed or liquefied gas, of iron or steel from Mexico expanded markedly to 4M units, picking up by 11% compared with the previous year. In general, exports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel soared to $159M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +85.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 38%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 85.1 | 73.2 | 116 | 155 | 22.1% |
| Guatemala | 4.8 | 2.3 | 0.1 | 1.2 | -37.0% |
| Others | 17.1 | 10.2 | 2.0 | 2.0 | -51.1% |
| Total | 107 | 85.6 | 119 | 159 | 14.1% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Mexico in 2022:
- United States (3.9M units)
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico
In 2022, imports of containers for compressed or liquefied gas, of iron or steel into Mexico fell modestly to 1.5M units, waning by -4.9% compared with the previous year's figure. In general, imports continue to indicate a noticeable contraction. The smallest decline of -2.8% was in 2021. Imports peaked at 1.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel soared to $87M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.4 | 33.5 | 34.3 | 40.0 | 6.2% |
| China | 15.6 | 15.0 | 29.6 | 35.2 | 31.2% |
| Canada | 2.5 | 2.1 | 3.5 | 4.6 | 22.5% |
| Germany | 1.3 | 2.1 | 1.4 | 3.2 | 35.0% |
| Brazil | 0.7 | 1.1 | 1.0 | 1.3 | 22.9% |
| Czech Republic | 1.8 | 3.4 | 1.0 | 0.1 | -61.8% |
| Others | 10.8 | 7.2 | 2.1 | 2.7 | -37.0% |
| Total | 65.9 | 64.5 | 73.0 | 87.1 | 9.7% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Mexico in 2022:
- China (743.7K units)
- United States (575.5K units)
- Canada (54.6K units)
- Brazil (30.5K units)
- Germany (24.9K units)
- Czech Republic (3.8K units)
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