Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico - 2024
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico (CIF) - 2024
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico (FOB) - 2024
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico (CIF) - 2024
In March 2024, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $7,526 per ton, surging by 7.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in September 2023 an increase of 23% against the previous month. The import price peaked in March 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($31,035 per ton), while the price for China ($4,067 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico (FOB) - 2024
The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $8,827 per ton in March 2024, rising by 14% against the previous month. Over the period under review, the export price showed a modest increase. The most prominent rate of growth was recorded in July 2023 an increase of 20% month-to-month. As a result, the export price reached the peak level of $8,838 per ton; afterwards, it flattened through to March 2024.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to +1.0% per month.
Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico
In 2022, imports of iron or steel cast fittings, other than of non-malleable cast ira into Mexico dropped sharply to 11K tons, reducing by -37.1% against 2021 figures. Over the period under review, imports showed a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 101%. As a result, imports attained the peak of 18K tons, and then dropped markedly in the following year.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira contracted to $70M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. As a result, imports attained the peak of $75M, and then contracted in the following year.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.1 | 22.3 | 31.7 | 29.8 | -0.3% |
| China | 19.1 | 17.7 | 30.6 | 27.4 | 12.8% |
| Germany | 2.7 | 2.7 | 4.4 | 3.8 | 12.1% |
| South Korea | 1.4 | 1.6 | 2.0 | 3.4 | 34.4% |
| India | 0.3 | 0.3 | 0.9 | 1.3 | 63.0% |
| Others | 6.3 | 4.9 | 4.9 | 4.7 | -9.3% |
| Total | 60.0 | 49.5 | 74.5 | 70.4 | 5.5% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Mexico in 2022:
- China (6.2K tons)
- United States (4.4K tons)
- India (0.2K tons)
- Germany (0.1K tons)
- South Korea (0.1K tons)
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico
Exports of iron or steel cast fittings, other than of non-malleable cast ira from Mexico surged to 8.6K tons in 2022, jumping by 21% compared with the previous year's figure. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira surged to $43M in 2022. In general, exports, however, recorded a slight shrinkage.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.4 | 29.1 | 33.9 | 41.9 | 8.9% |
| Canada | 10.7 | 2.0 | 1.0 | 0.9 | -56.2% |
| Others | 1.8 | 0.9 | 0.1 | 0.2 | -51.9% |
| Total | 44.9 | 32.0 | 35.1 | 43.0 | -1.4% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Mexico in 2022:
- United States (8.4K tons)
- Canada (0.1K tons)
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