Price for Safety Pins and Other Pins; of Iron or Steel in Mexico - 2024

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Mexico (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Mexico (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Mexico
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Mexico

Price for Safety Pins and Other Pins; of Iron or Steel in Mexico (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $6,389 per ton in 2022, dropping by -21.8% against the previous year. In general, the import price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2019 an increase of 31% against the previous year. As a result, import price attained the peak level of $12,892 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 Malaysia ($47,278 per ton), while the price for China ($6,017 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Safety Pins and Other Pins; of Iron or Steel in Mexico (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $27,370 per ton in 2022, rising by 34% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for safety pins and other pins; of iron or steels increased by +46.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 49%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($27,389 per ton), while the average price for exports to the United States totaled $27,369 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Safety Pins and Other Pins; of Iron or Steel in Mexico

In 2022, approx. 146 tons of safety pins and other pins; of iron or steels were imported into Mexico; with an increase of 11% on the previous year's figure. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of safety pins and other pins; of iron or steels declined to $933K in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Mexico in 2022:

1. China (142.4 tons)
2. United States (3.6 tons)
3. Malaysia (0.1 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Mexico

For the third year in a row, Mexico recorded decline in shipments abroad of safety pins and other pins; of iron or steels, which decreased by -86.3% to 370 kg in 2022. In general, exports recorded a precipitous decline. The smallest decline of -15.4% was in 2020.

In value terms, exports of safety pins and other pins; of iron or steels contracted remarkably to $10K in 2022. Over the period under review, exports faced a dramatic descent. The smallest decline of -14.5% was in 2020.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Mexico in 2022:

1. United States (352.0 kg)
2. Cuba (18.0 kg)

Source: IndexBox Market Intelligence Platform