Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico (FOB) - 2024
In December 2023, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,075 per ton, picking up by 4.9% against the previous month. Over the period from February 2023 to December 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in July 2023 an increase of 17% against the previous month. The export price peaked at $1,148 per ton in October 2023; afterwards, it flattened through to December 2023.
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 +1.1% per month.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,720 per ton in December 2023, waning by -2.1% against the previous month. Over the period under review, the import price recorded a noticeable descent. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 48% m-o-m. As a result, import price reached the peak level of $2,991 per ton. From June 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,387 per ton), while the price for China ($1,409 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico
After three years of growth, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -2.1% to 67K tons in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.0% 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 +95.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54%.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs expanded notably to $79M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 55%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.6 | 55.3 | 69.3 | 78.6 | 30.2% |
| Others | 2.2 | 3.3 | 0.3 | 0.5 | -39.0% |
| Total | 37.8 | 58.6 | 69.5 | 79.1 | 27.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Mexico in 2022:
- United States (67.0K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico
In 2022, the amount of iron or non-alloy steel wire, plated or coated with zincs imported into Mexico reduced sharply to 11K tons, with a decrease of -19.1% compared with the year before. Over the period under review, imports faced a deep setback.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs rose notably to $25M in 2022. Overall, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 35%.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 10.0 | 10.8 | 8.0% | ||
| China | 7.5 | 7.2 | -4.0% | ||
| France | 0.9 | 2.2 | 144.4% | ||
| South Korea | 1.0 | 1.5 | 50.0% | ||
| Japan | 1.1 | 1.2 | 9.1% | ||
| Germany | 1.2 | 1.0 | -16.7% | ||
| Others | 0.7 | 0.8 | 14.3% | ||
| Total | 22.4 | 24.7 | 10.3% | ||
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Mexico in 2022:
- United States (4.8K tons)
- China (3.7K tons)
- France (0.9K tons)
- South Korea (0.5K tons)
- Germany (0.4K tons)
- Japan (0.3K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
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This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
517
This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
364
This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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