Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico - 2024
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico (CIF) - 2024
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico (CIF) - 2024
In November 2023, the average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $22,681 per ton, increasing by 23% against the previous month. Overall, import price indicated noticeable growth from February 2023 to November 2023: its price increased at an average monthly rate of +3.8% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia increased by +182.1% against August 2023 indices. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 97% against the previous month. The import price peaked in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($33,123 per ton), while the price for the United States ($17,913 per ton) was amongst the lowest.
From February 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico (FOB) - 2022
The average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $14,091 per ton in 2022, growing by 53% against the previous year. Overall, the export price, however, saw a abrupt downturn. Over the period under review, the average export prices attained the maximum at $24,634 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -5.5% per year.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico
In 2022, the amount of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia imported into Mexico shrank dramatically to 2.1K tons, reducing by -19.4% on the previous year. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia surged to $39M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.6 | 0.6 | 4.8 | 14.2 | 187.1% |
| United States | 6.1 | 5.2 | 7.9 | 10.4 | 19.5% |
| China | 3.3 | 2.2 | 3.2 | 4.4 | 10.1% |
| Sweden | 1.9 | 1.8 | 1.6 | 3.4 | 21.4% |
| Japan | 3.3 | 3.2 | 7.5 | 2.9 | -4.2% |
| Germany | 1.2 | 1.2 | 0.6 | 1.3 | 2.7% |
| France | 0.8 | 0.6 | 0.2 | 0.6 | -9.1% |
| Others | 2.2 | 2.4 | 0.7 | 1.5 | -12.0% |
| Total | 19.5 | 17.2 | 26.5 | 38.8 | 25.8% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Mexico in 2022:
- United States (744.6 tons)
- Spain (493.4 tons)
- China (318.5 tons)
- Sweden (186.1 tons)
- Japan (163.8 tons)
- Germany (44.1 tons)
- France (37.3 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico
In 2022, shipments abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia decreased by -17% to 87 tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 144% against the previous year. As a result, the exports reached the peak of 153 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $1.2M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 148%. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 1.4 | 1.0 | 1.2 | 33.9% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.6 | 1.4 | 1.0 | 1.2 | 26.0% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Mexico in 2022:
- United States (86.9 tons)
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