Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico (FOB) - 2024
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $15,750 per ton, increasing by 42% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($37,569 per ton), while the price for China ($12,670 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico (FOB) - 2024
The average export price for tube or pipe butt welding fittings of stainless steels stood at $11,499 per ton in April 2024, rising by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in November 2023 when the average export price increased by 28% month-to-month. As a result, the export price attained the peak level of $12,345 per ton. From December 2023 to April 2024, the the average 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 April 2023 to April 2024, the rate of growth in terms of prices for the United States amounted to +2.3% per month.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico
In 2022, approx. 912 tons of tube or pipe butt welding fittings of stainless steels were imported into Mexico; surging by 32% on the previous year. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of tube or pipe butt welding fittings of stainless steels skyrocketed to $14M in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 3.2 | 4.7 | 7.9 | 28.8% |
| United States | 1.3 | 1.4 | 1.7 | 4.3 | 49.0% |
| Taiwan (Chinese) | 1.5 | 1.0 | 0.5 | 0.6 | -26.3% |
| South Korea | 0.3 | 0.2 | 0.2 | 0.6 | 26.0% |
| Germany | 0.5 | 0.3 | 0.2 | 0.3 | -15.7% |
| Malaysia | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.8 | 0.4 | 0.2 | 0.7 | -4.4% |
| Total | 8.3 | 6.7 | 7.7 | 14.4 | 20.2% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Mexico in 2022:
- China (622.1 tons)
- United States (190.5 tons)
- Taiwan (Chinese) (45.4 tons)
- South Korea (20.3 tons)
- Germany (8.8 tons)
- Malaysia (6.6 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico
For the fourth year in a row, Mexico recorded growth in overseas shipments of tube or pipe butt welding fittings of stainless steels, which increased by 23% to 270 tons in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 192%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of tube or pipe butt welding fittings of stainless steels reached $2M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 +61.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 1.2 | 1.9 | 2.0 | 18.6% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 1.2 | 1.3 | 1.9 | 2.0 | 18.6% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Mexico in 2022:
- United States (270.3 tons)
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