Price for Winding Wire, Other than of Copper in Mexico - 2024
Contents:
- Price for Winding Wire, Other than of Copper in Mexico (CIF) - 2024
- Price for Winding Wire, Other than of Copper in Mexico (FOB) - 2024
- Imports of Winding Wire, Other than of Copper in Mexico
- Exports of Winding Wire, Other than of Copper in Mexico
Price for Winding Wire, Other than of Copper in Mexico (CIF) - 2024
In February 2024, the average import price for winding wire, other than of coppers amounted to $8,031 per ton, with an increase of 36% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 89% m-o-m. As a result, import price attained the peak level of $11,946 per ton. From May 2023 to February 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was the United States ($12,821 per ton), while the price for China amounted to $3,568 per ton.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the United States (+3.3%).
Price for Winding Wire, Other than of Copper in Mexico (FOB) - 2024
The average export price for winding wire, other than of coppers stood at $4,845 per ton in February 2024, which is down by -20.8% against the previous month. Over the period under review, the export price showed a perceptible decline. The pace of growth was the most pronounced in January 2024 when the average export price increased by 22% against the previous month. The export price peaked at $7,580 per ton in February 2023; however, from March 2023 to February 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to February 2024, the rate of growth in terms of prices for the United States amounted to -3.7% per month.
Imports of Winding Wire, Other than of Copper in Mexico
In 2022, the amount of winding wire, other than of coppers imported into Mexico reduced markedly to 4.1K tons, waning by -43.3% against the previous year. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of 7.3K tons, and then shrank sharply in the following year.
In value terms, imports of winding wire, other than of coppers declined notably to $33M in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year.
| Import of Winding Wire, Other than of Copper in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.1 | 24.3 | 28.2 | 24.0 | -11.0% |
| China | 7.6 | 9.2 | 13.7 | 8.4 | 3.4% |
| Others | 0.5 | 0.6 | 0.1 | N/A | -55.3% |
| Total | 42.2 | 34.2 | 42.0 | 32.5 | -8.3% |
Top Suppliers of Winding Wire, Other than of Copper to Mexico in 2022:
- United States (2.6K tons)
- China (1.5K tons)
Exports of Winding Wire, Other than of Copper in Mexico
In 2022, overseas shipments of winding wire, other than of coppers decreased by -44.2% to 874 tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 22%. As a result, the exports attained the peak of 1.9K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of winding wire, other than of coppers dropped to $6.4M in 2022. Overall, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2020 when exports increased by 22%. As a result, the exports reached the peak of $9M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Winding Wire, Other than of Copper in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.4 | 9.0 | 7.3 | 6.4 | -4.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.4 | 9.0 | 7.3 | 6.4 | -4.7% |
Top Export Markets for Winding Wire, Other than of Copper from Mexico in 2022:
- United States (873.9 tons)
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