Price for Metals; Silver, Unwrought, (But Not Powder) in Mexico - 2023
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Mexico (FOB) - 2023
- Price for Metals; Silver, Unwrought, (But Not Powder) in Mexico (CIF) - 2023
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Mexico
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Mexico
Price for Metals; Silver, Unwrought, (But Not Powder) in Mexico (FOB) - 2023
The average export price for metals; silver, unwrought, (but not powder) stood at $861K per ton in December 2023, increasing by 6.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $882K per ton in May 2023; however, from June 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.1% per month.
Price for Metals; Silver, Unwrought, (But Not Powder) in Mexico (CIF) - 2023
In December 2023, the average import price for metals; silver, unwrought, (but not powder) amounted to $481K per ton, increasing by 14% against the previous month. Over the period under review, the import price posted prominent growth. The pace of growth was the most pronounced in August 2023 an increase of 192% against the previous month. Over the period under review, average import prices hit record highs at $537K per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for Italy amounted to +110.4% per month.
Exports of Metals; Silver, Unwrought, (But Not Powder) in Mexico
In 2022, approx. 2.4K tons of metals; silver, unwrought, (but not powder) were exported from Mexico; with a decrease of -4.7% against 2021. Over the period under review, exports faced a abrupt setback.
In value terms, exports of metals; silver, unwrought, (but not powder) dropped to $2B in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. As a result, the exports attained the peak of $2.3B, and then shrank in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.8 | 2.0 | 2.3 | 2.0 | 3.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.9 | 2.0 | 2.3 | 2.0 | 1.7% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Mexico in 2022:
- United States (2.4K tons)
Imports of Metals; Silver, Unwrought, (But Not Powder) in Mexico
Imports of metals; silver, unwrought, (but not powder) into Mexico stood at 42 tons in 2022, surging by 2.4% on the year before. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 82%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of metals; silver, unwrought, (but not powder) reached $13M in 2022. The total import value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 45% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.1 | 13.8 | 12.5 | 12.3 | 10.6% |
| Canada | 0.2 | 0.1 | N/A | 0.4 | 26.0% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 9.6 | 13.9 | 12.5 | 12.7 | 9.8% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Mexico in 2022:
- United States (32.8 tons)
- Canada (9.3 tons)
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