Mexico - Flat-Rolled Products Of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Silicon-Electrical Steel Flat-Rolled Product in Mexico - 2023
Contents:
- Price for Silicon-Electrical Steel Flat-Rolled Product in Mexico (CIF) - 2023
- Price for Silicon-Electrical Steel Flat-Rolled Product in Mexico (FOB) - 2023
- Imports of Silicon-Electrical Steel Flat-Rolled Product in Mexico
- Exports of Silicon-Electrical Steel Flat-Rolled Product in Mexico
Price for Silicon-Electrical Steel Flat-Rolled Product in Mexico (CIF) - 2023
The average silicon-electrical steel flat-rolled product import price stood at $3,013 per ton in June 2023, increasing by 2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in September 2022 an increase of 15% m-o-m. Over the period under review, average import prices reached the peak figure at $3,198 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,309 per ton), while the price for Taiwan (Chinese) ($1,082 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicon-Electrical Steel Flat-Rolled Product in Mexico (FOB) - 2023
The average silicon-electrical steel flat-rolled product export price stood at $4,575 per ton in May 2023, falling by -3.6% against the previous month. Overall, the export price, however, enjoyed notable growth. The most prominent rate of growth was recorded in February 2023 an increase of 22% m-o-m. Over the period under review, the average export prices reached the maximum at $4,747 per ton in April 2023, and then dropped modestly in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to May 2023, the rate of growth in terms of prices for the United States amounted to +3.4% per month.
Imports of Silicon-Electrical Steel Flat-Rolled Product in Mexico
After two years of decline, supplies from abroad of flat-rolled products of silicon-electrical steel increased by 47% to 240K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, silicon-electrical steel flat-rolled product imports soared to $608M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicon-Electrical Steel Flat-Rolled Product in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 56.5 | 88.5 | 108 | 263 | 67.0% |
| Japan | 130 | 115 | 70.2 | 193 | 14.1% |
| United States | 7.3 | 6.9 | 10.8 | 53.6 | 94.4% |
| Taiwan (Chinese) | 9.7 | 9.4 | 14.0 | 38.5 | 58.3% |
| Poland | 21.6 | 8.9 | 3.1 | 30.5 | 12.2% |
| Russia | 28.4 | 19.6 | 13.2 | 20.2 | -10.7% |
| South Korea | 28.4 | 25.3 | 6.1 | 7.9 | -34.7% |
| Others | 13.5 | 11.4 | 48.2 | 0.7 | -62.7% |
| Total | 295 | 285 | 273 | 608 | 27.3% |
Top Suppliers of Silicon-Electrical Steel Flat-Rolled Product to Mexico in 2022:
- China (104.1K tons)
- Japan (77.0K tons)
- Taiwan (Chinese) (23.5K tons)
- United States (16.1K tons)
- Poland (8.4K tons)
- Russia (6.6K tons)
- South Korea (3.8K tons)
Exports of Silicon-Electrical Steel Flat-Rolled Product in Mexico
In 2022, shipments abroad of flat-rolled products of silicon-electrical steel decreased by -57.4% to 1.6K tons, falling for the second year in a row after two years of growth. Overall, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of 5.9K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, silicon-electrical steel flat-rolled product exports contracted markedly to $4.5M in 2022. Over the period under review, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 7.3%. As a result, the exports attained the peak of $10M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Silicon-Electrical Steel Flat-Rolled Product in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.8 | 8.6 | 7.5 | 4.2 | -21.9% |
| Canada | 0.1 | 1.5 | N/A | 0.2 | 26.0% |
| China | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Colombia | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Total | 9.8 | 10.5 | 7.7 | 4.5 | -22.9% |
Top Export Markets for Silicon-Electrical Steel Flat-Rolled Product from Mexico in 2022:
- United States (1370.5 tons)
- Colombia (77.8 tons)
- Canada (70.8 tons)
- China (64.7 tons)
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
- Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
- Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
- Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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