Price for Copper; Bars, Rods and Profiles, of Refined Copper in Mexico - 2024
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Mexico (CIF) - 2024
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Mexico (FOB) - 2024
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Mexico
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Mexico
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Mexico (CIF) - 2024
In February 2024, the average import price for copper; bars, rods and profiles, of refined coppers amounted to $12,961 per ton, increasing by 5.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 26% against the previous month. As a result, import price attained the peak level of $13,012 per ton; afterwards, it flattened through to February 2024.
Average prices varied somewhat amongst the major supplying countries. In February 2024, the country with the highest price was China ($13,652 per ton), while the price for Peru ($10,180 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Mexico (FOB) - 2024
The average export price for copper; bars, rods and profiles, of refined coppers stood at $10,657 per ton in February 2024, rising by 7.9% against the previous month. Overall, the export price saw slight growth. The most prominent rate of growth was recorded in April 2023 an increase of 12% against the previous month. The export price peaked at $11,206 per ton in June 2023; however, from July 2023 to February 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to February 2024, the rate of growth in terms of prices for the United States amounted to +1.0% per month.
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Mexico
In 2022, the amount of copper; bars, rods and profiles, of refined coppers imported into Mexico fell to 8.6K tons, with a decrease of -13.6% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 8.6% against the previous year.
In value terms, imports of copper; bars, rods and profiles, of refined coppers reduced to $96M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +37.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59%. As a result, imports reached the peak of $111M, and then declined in the following year.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.8 | 41.6 | 58.4 | 50.7 | 10.3% |
| China | 31.2 | 22.1 | 41.8 | 33.0 | 1.9% |
| Peru | 2.1 | 2.0 | 4.6 | 6.5 | 45.7% |
| Belgium | N/A | N/A | 2.3 | 2.5 | 8.7% |
| Germany | 5.5 | 2.1 | 2.3 | 0.3 | -62.1% |
| Others | 3.4 | 2.3 | 1.8 | 3.5 | 1.0% |
| Total | 80.0 | 70.1 | 111 | 96.5 | 6.5% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Mexico in 2022:
- United States (5.0K tons)
- China (2.4K tons)
- Peru (0.6K tons)
- Belgium (0.2K tons)
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Mexico
In 2022, after three years of growth, there was significant decline in overseas shipments of copper; bars, rods and profiles, of refined coppers, when their volume decreased by -7.4% to 2.2K tons. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports attained the peak of 2.4K tons, and then declined in the following year.
In value terms, exports of copper; bars, rods and profiles, of refined coppers amounted to $23M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 111%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.0 | 11.0 | 23.1 | 23.4 | 32.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.0 | 11.0 | 23.1 | 23.5 | 33.0% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Mexico in 2022:
- United States (2.2K tons)
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