Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico - 2024
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico (FOB) - 2024
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico (CIF) - 2022
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico (FOB) - 2024
In December 2023, the average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $31,691 per ton, growing by 119% against the previous month. Overall, export price indicated tangible growth from February 2023 to December 2023: its price increased at an average monthly rate of +2.9% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors increased by +118.8% against November 2023 indices. The export price peaked at $32,117 per ton in April 2023; however, from May 2023 to December 2023, the export prices remained at a 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 December 2023, the rate of growth in terms of prices for the United States amounted to +3.0% per month.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico (CIF) - 2022
In 2022, the average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $15,078 per ton, surging by 62% against the previous year. In general, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2014 an increase of 66% against the previous year. Over the period under review, average import prices attained the peak figure at $35,962 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($21,828 per ton), while the price for Honduras ($8,214 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the prices for the other major suppliers experienced a decline.
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico
In 2022, the amount of insulated electric conductors for a voltage under 1000 v, fitted with connectors exported from Mexico contracted modestly to 87K tons, remaining relatively unchanged against the year before. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 116%. As a result, the exports reached the peak of 87K tons, leveling off in the following year.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors skyrocketed to $2.4B in 2022. The total export value increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 1.6 | 1.9 | 2.3 | 10.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 1.8 | 1.7 | 2.0 | 2.4 | 10.1% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Mexico in 2022:
- United States (82.8K tons)
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico
For the fourth year in a row, Mexico recorded growth in overseas purchases of insulated electric conductors for a voltage under 1000 v, fitted with connectors, which increased by 3.1% to 153K tons in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 113%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors totaled $2.3B in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 815 | 804 | 1,024 | 1,196 | 13.6% |
| United States | 558 | 465 | 558 | 629 | 4.1% |
| South Korea | 75.5 | 76.2 | 95.1 | 96.3 | 8.4% |
| Vietnam | 36.1 | 29.5 | 42.0 | 48.6 | 10.4% |
| Honduras | 30.4 | 18.6 | 20.0 | 23.3 | -8.5% |
| Others | 241 | 210 | 294 | 315 | 9.3% |
| Total | 1,756 | 1,603 | 2,032 | 2,308 | 9.5% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Mexico in 2022:
- China (94.5K tons)
- United States (37.3K tons)
- Vietnam (5.5K tons)
- South Korea (4.4K tons)
- Honduras (2.8K tons)
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