Price for Zinc; Bars, Rods, Profiles and Wire in Mexico - 2023
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Mexico (CIF) - 2023
- Price for Zinc; Bars, Rods, Profiles and Wire in Mexico (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Mexico
- Exports of Zinc; Bars, Rods, Profiles and Wire in Mexico
Price for Zinc; Bars, Rods, Profiles and Wire in Mexico (CIF) - 2023
The average import price for zinc; bars, rods, profiles and wires stood at $5,913 per ton in October 2023, picking up by 14% against the previous month. In general, the import price, however, showed a slight setback. The import price peaked at $6,552 per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($6,075 per ton), while the price for Finland amounted to $5,407 per ton.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Zinc; Bars, Rods, Profiles and Wire in Mexico (FOB) - 2022
In 2022, the average export price for zinc; bars, rods, profiles and wires amounted to $7,067 per ton, rising by 140% against the previous year. Overall, the export price recorded a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($10,000 per ton), while the average price for exports to Guatemala ($4,936 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Bars, Rods, Profiles and Wire in Mexico
In 2022, supplies from abroad of zinc; bars, rods, profiles and wires decreased by -95.3% to 361 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 8.8%. As a result, imports attained the peak of 8.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of zinc; bars, rods, profiles and wires dropped notably to $1.6M in 2022. Overall, imports showed a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of 0.1% against the previous year. As a result, imports attained the peak of $27M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Zinc; Bars, Rods, Profiles and Wire in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.4 | 23.8 | 21.1 | 1.1 | -64.4% |
| Germany | 2.1 | 1.8 | 2.6 | 0.5 | -38.0% |
| Finland | N/A | 0.5 | 0.3 | 0.1 | -55.3% |
| Others | 0.6 | 1.0 | 0.2 | N/A | -42.3% |
| Total | 27.1 | 27.1 | 24.0 | 1.6 | -61.1% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Mexico in 2022:
- United States (247.3 tons)
- Germany (104.8 tons)
- Finland (8.8 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Mexico
In 2022, shipments abroad of zinc; bars, rods, profiles and wires decreased by -97.7% to 3.1 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a significant decrease. The pace of growth appeared the most rapid in 2020 with an increase of 1,141%. As a result, the exports reached the peak of 212 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of zinc; bars, rods, profiles and wires dropped significantly to $22K in 2022. Over the period under review, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2020 when exports increased by 618%. As a result, the exports reached the peak of $578K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Zinc; Bars, Rods, Profiles and Wire in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 13.6 | 16.9 | 24.3% |
| Guatemala | 42.4 | N/A | 1.8 | 4.6 | -52.3% |
| Costa Rica | 25.4 | 77.2 | N/A | 0.4 | -74.9% |
| Nicaragua | N/A | N/A | 70.6 | N/A | 0% |
| Malaysia | N/A | 484 | 283 | N/A | -41.5% |
| United States | 2.2 | 10.2 | 16.9 | N/A | 177.2% |
| Others | 10.5 | 6.4 | 11.0 | N/A | 2.4% |
| Total | 80.5 | 578 | 397 | 21.9 | -35.2% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Mexico in 2022:
- China (2.1 tons)
- Guatemala (0.9 tons)
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