Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico - 2024
Contents:
- Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico (FOB) - 2023
- Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico (CIF) - 2024
- Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico
- Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico
Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico (FOB) - 2023
The average export price for copper; copper-zinc base alloys (brass) unwroughts stood at $5,542 per ton in January 2023, remaining relatively unchanged against the previous month. In general, the export price saw a slight slump. The growth pace was the most rapid in September 2022 when the average export price increased by 7% against the previous month. The export price peaked at $6,214 per ton in May 2022; however, from June 2022 to January 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From May 2022 to January 2023, the rate of growth in terms of prices for China amounted to -1.4% per month.
Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico (CIF) - 2024
The average import price for copper; copper-zinc base alloys (brass) unwroughts stood at $8,530 per ton in April 2024, with an increase of 2.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2024 an increase of 27% month-to-month. Over the period under review, average import prices hit record highs in April 2024.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From April 2023 to April 2024, the rate of growth in terms of prices for the United States amounted to +0.6% per month.
Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico
In 2022, approx. 11K tons of copper; copper-zinc base alloys (brass) unwroughts were exported from Mexico; surging by 9.3% compared with the previous year. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 644% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts rose remarkably to $69M in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 910%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 5.9 | 59.6 | 68.0 | 274.0% |
| Others | N/A | N/A | N/A | 0.6 | 0% |
| Total | 1.3 | 5.9 | 59.7 | 68.6 | 275.1% |
Top Export Markets for Copper; Copper-Zinc Base Alloys (Brass) Unwrought from Mexico in 2022:
- China (11.1K tons)
Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico
After two years of decline, overseas purchases of copper; copper-zinc base alloys (brass) unwroughts increased by 4.7% to 6.9K tons in 2022. Overall, imports, however, continue to indicate a slight slump.
In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts skyrocketed to $64M in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.1 | 17.6 | 25.2 | 32.1 | 21.0% |
| Others | 18.3 | 17.9 | 25.3 | 32.2 | 20.7% |
| Total | 36.4 | 35.5 | 50.5 | 64.3 | 20.9% |
Top Suppliers of Copper; Copper-Zinc Base Alloys (Brass) Unwrought to Mexico in 2022:
- United States (3.4K tons)
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