Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico - 2024
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico (CIF) - 2022
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico (FOB) - 2024
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico (CIF) - 2022
The average import price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels stood at $8,601 per ton in 2022, with an increase of 43% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $13,034 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 ($31,014 per ton), while the price for China ($5,185 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico (FOB) - 2024
In April 2024, the average export price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels amounted to $6,850 per ton, which is down by -10% against the previous month. Overall, the export price continues to indicate a slight downturn. The pace of growth was the most pronounced in January 2024 when the average export price increased by 19% against the previous month. The export price peaked at $8,483 per ton in June 2023; however, from July 2023 to April 2024, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In April 2024, the country with the highest price was the United States ($7,010 per ton), while the average price for exports to Canada stood at $5,522 per ton.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.6%).
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico
In 2022, the amount of tube or pipe threaded elbows, bends and sleeves, other than stainless steels imported into Mexico contracted sharply to 14K tons, dropping by -26% compared with the previous year's figure. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 140%. As a result, imports reached the peak of 19K tons, and then shrank sharply in the following year.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels expanded remarkably to $120M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 44.4 | 39.7 | 59.4 | 60.1 | 10.6% |
| China | 24.3 | 22.1 | 34.5 | 32.9 | 10.6% |
| South Korea | 2.7 | 2.5 | 4.3 | 4.6 | 19.4% |
| India | 0.7 | 0.8 | 2.1 | 3.8 | 75.7% |
| Italy | 1.5 | 1.0 | 1.8 | 3.7 | 35.1% |
| Brazil | 2.8 | 0.6 | 1.0 | 3.6 | 8.7% |
| Others | 16.9 | 13.2 | 10.7 | 11.7 | -11.5% |
| Total | 93.2 | 79.8 | 114 | 120 | 8.8% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel to Mexico in 2022:
- China (6.4K tons)
- United States (5.4K tons)
- India (0.7K tons)
- South Korea (0.6K tons)
- Brazil (0.2K tons)
- Italy (0.2K tons)
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico
For the fourth consecutive year, Mexico recorded growth in shipments abroad of tube or pipe threaded elbows, bends and sleeves, other than stainless steels, which increased by 61% to 17K tons in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 207% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels skyrocketed to $119M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.1 | 25.2 | 60.1 | 106 | 44.5% |
| Canada | 3.1 | 2.9 | 5.7 | 8.5 | 40.0% |
| Brazil | N/A | N/A | N/A | 1.8 | 0% |
| Ecuador | 0.4 | 0.6 | 0.7 | 0.9 | 31.0% |
| Others | 6.2 | 6.4 | 1.0 | 1.9 | -32.6% |
| Total | 44.9 | 35.1 | 67.6 | 119 | 38.4% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel from Mexico in 2022:
- United States (13.5K tons)
- Canada (2.1K tons)
- Brazil (0.3K tons)
- Ecuador (0.3K tons)
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