Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico (CIF) - 2023
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico (FOB) - 2023
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico (CIF) - 2023
In June 2023, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $14,603 per ton, dropping by -30.5% against the previous month. In general, the import price showed a slight curtailment. The pace of growth was the most pronounced in March 2023 when the average import price increased by 137% against the previous month. Over the period under review, average import prices attained the maximum at $21,019 per ton in May 2023, and then declined rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($29,922 per ton), while the price for China stood at $5,076 per ton.
From November 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+3.0%).
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico (FOB) - 2023
In June 2023, the average export price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $56,642 per ton, with an increase of 81% against the previous month. Over the period under review, export price indicated resilient growth from November 2022 to June 2023: its price increased at an average monthly rate of +8.8% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, export price for press-fasteners, snap-fasteners, press-studs and parts therefor increased by +94.4% against March 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 88% m-o-m. Over the period under review, the average export prices reached the peak figure in June 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From November 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +8.8% per month.
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico
In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor imported into Mexico soared to 864 tons, rising by 31% compared with the previous year. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 123%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor rose notably to $12M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.7 | 5.1 | 7.4 | 9.0 | 5.3% |
| China | 0.9 | 0.7 | 1.1 | 1.9 | 28.3% |
| Germany | 0.1 | N/A | 0.5 | 0.4 | 58.7% |
| Japan | 0.8 | 0.7 | 1.2 | 0.4 | -20.6% |
| Others | 0.7 | 0.6 | 0.3 | 0.1 | -47.7% |
| Total | 10.2 | 7.1 | 10.4 | 11.8 | 5.0% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Mexico in 2022:
- United States (637.5 tons)
- China (175.5 tons)
- Germany (24.9 tons)
- Japan (24.1 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico
Exports of press-fasteners, snap-fasteners, press-studs and parts therefor from Mexico totaled 56 tons in 2022, increasing by 5.5% against the previous year's figure. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.3% 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 +54.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor totaled $2M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.7% 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 +78.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 1.1 | 1.8 | 2.0 | 5.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 1.1 | 1.8 | 2.0 | 5.6% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Mexico in 2022:
- United States (56.0 tons)
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