Price for Iron or Steel; Cast Articles in Mexico - 2023

Contents:

  1. Price for Iron or Steel; Cast Articles in Mexico (CIF) - 2022
  2. Price for Iron or Steel; Cast Articles in Mexico (FOB) - 2022
  3. Imports of Iron or Steel; Cast Articles in Mexico
  4. Exports of Iron or Steel; Cast Articles in Mexico

Price for Iron or Steel; Cast Articles in Mexico (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $2,677 per ton, which is down by -16.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 21%. As a result, import price attained the peak level of $3,878 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,470 per ton), while the price for India ($364 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Mexico (FOB) - 2022

The average export price for iron or steel; cast articleses stood at $3,193 per ton in 2022, waning by -99.6% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 8,674% against the previous year. The export price peaked at $813,247 per ton in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($5,061 per ton), while the average price for exports to Canada ($2,082 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+4.4%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel; Cast Articles in Mexico

In 2022, imports of iron or steel; cast articleses into Mexico skyrocketed to 60K tons, jumping by 157% on the previous year. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles imports surged to $161M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Iron or Steel; Cast Articles in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States34.823.336.136.92.0%
India7.310.514.625.551.7%
China9.97.911.721.028.5%
Italy5.24.85.13.3-14.1%
Canada8.412.13.60.5-61.0%
Others6.62.34.374.3124.1%
Total72.260.975.516130.6%

Top Suppliers of Iron or Steel; Cast Articles to Mexico in 2022:

  1. India (70.0K tons)
  2. United States (1.9K tons)
  3. China (1.2K tons)
  4. Italy (0.3K tons)
  5. Canada (0.1K tons)

Exports of Iron or Steel; Cast Articles in Mexico

After two years of decline, shipments abroad of iron or steel; cast articleses increased by 56,200% to 11K tons in 2022. Overall, exports, however, continue to indicate a pronounced decrease.

In value terms, iron or steel; cast articles exports surged to $37M in 2022. Over the period under review, exports, however, saw a abrupt decrease.

Export of Iron or Steel; Cast Articles in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States41.919.215.517.5-25.3%
Guatemala1.40.80.81.3-2.4%
Dominican RepublicN/AN/AN/A0.50%
Canada2.20.30.1N/A-78.7%
Others0.40.50.217.3251.0%
Total45.820.816.536.6-7.2%

Top Export Markets for Iron or Steel; Cast Articles from Mexico in 2022:

  1. Canada (undefinedK tons)
  2. United States (5.5K tons)
  3. Guatemala (0.3K tons)
  4. Dominican Republic (0.2K tons)

Source: IndexBox Market Intelligence Platform

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