Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico - 2023
Contents:
- Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico (CIF) - 2022
- Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico (FOB) - 2023
- Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico
- Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico
Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico (CIF) - 2022
In 2022, the average import price for copper; rivets, cotters, cotter-pins and similar articles, not threaded amounted to $8,614 per ton, waning by -30.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 111%. Over the period under review, average import prices reached the maximum at $45,983 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 Germany ($27,335 per ton), while the price for the United States ($7,373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico (FOB) - 2023
The average export price for copper; rivets, cotters, cotter-pins and similar articles, not threaded stood at $25,417 per ton in November 2023, stabilizing at the previous month. Over the period under review, the export price, however, showed a noticeable decline. The most prominent rate of growth was recorded in August 2023 an increase of 43% m-o-m. As a result, the export price attained the peak level of $49,427 per ton. From September 2023 to November 2023, the the average 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 December 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -4.2% per month.
Imports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico
Imports of copper; rivets, cotters, cotter-pins and similar articles, not threaded into Mexico skyrocketed to 2.6K tons in 2022, rising by 61% against the previous year. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; rivets, cotters, cotter-pins and similar articles, not threaded rose notably to $22M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.4 | 11.5 | 13.5 | 14.9 | 3.6% |
| China | 1.6 | 1.8 | 2.3 | 2.5 | 16.0% |
| United Kingdom | 2.6 | 1.4 | 0.9 | 1.6 | -14.9% |
| Germany | 0.4 | 0.4 | 1.1 | 1.5 | 55.4% |
| Taiwan (Chinese) | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| India | 0.2 | 0.1 | 0.6 | 0.6 | 44.2% |
| Others | 1.2 | 0.9 | 1.1 | 0.9 | -9.1% |
| Total | 19.8 | 16.6 | 20.0 | 22.4 | 4.2% |
Top Suppliers of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded to Mexico in 2022:
- United States (2018.4 tons)
- China (232.2 tons)
- United Kingdom (96.8 tons)
- India (74.7 tons)
- Taiwan (Chinese) (59.6 tons)
- Germany (53.3 tons)
Exports of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico
In 2022, overseas shipments of copper; rivets, cotters, cotter-pins and similar articles, not threaded decreased by -21.7% to 55 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 126%. As a result, the exports attained the peak of 70 tons, and then contracted remarkably in the following year.
In value terms, exports of copper; rivets, cotters, cotter-pins and similar articles, not threaded dropped sharply to $1.6M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%.
| Export of Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 1.5 | 2.0 | 1.6 | 13.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 1.5 | 2.0 | 1.6 | 13.3% |
Top Export Markets for Copper; Rivets, Cotters, Cotter-Pins and Similar Articles, Not Threaded from Mexico in 2022:
- United States (55.0 tons)
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