Price for Carbides, Whether or Not Chemically Defined in Mexico - 2023

Contents:

1. Price for Carbides, Whether or Not Chemically Defined in Mexico (CIF) - 2023
2. Price for Carbides, Whether or Not Chemically Defined in Mexico (FOB) - 2022
3. Imports of Carbides, Whether or Not Chemically Defined in Mexico
4. Exports of Carbides, Whether or Not Chemically Defined in Mexico

Price for Carbides, Whether or Not Chemically Defined in Mexico (CIF) - 2023

In October 2023, the average import price for carbides, whether or not chemically defineds amounted to $10,826 per ton, surging by 28% against the previous month. Overall, the import price, however, saw a noticeable decline. The pace of growth was the most pronounced in May 2023 an increase of 202% against the previous month. Over the period under review, average import prices attained the peak figure at $15,625 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From October 2022 to October 2023, the rate of growth in terms of prices for Norway amounted to -1.0% per month.

Price for Carbides, Whether or Not Chemically Defined in Mexico (FOB) - 2022

The average export price for carbides, whether or not chemically defineds stood at $1,918 per ton in 2022, jumping by 16% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for carbides, whether or not chemically defineds increased by +31.0% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 48%. As a result, the export price reached the peak level of $2,291 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,967 per ton), while the average price for exports to Colombia totaled $1,460 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carbides, Whether or Not Chemically Defined in Mexico

After two years of decline, purchases abroad of carbides, whether or not chemically defineds increased by 89% to 14K tons in 2022. Over the period under review, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of carbides, whether or not chemically defineds soared to $48M in 2022. Overall, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Carbides, Whether or Not Chemically Defined to Mexico in 2022:

1. China (9.3K tons)
2. Brazil (3.5K tons)
3. Norway (0.5K tons)
4. United States (0.1K tons)

Exports of Carbides, Whether or Not Chemically Defined in Mexico

In 2022, the amount of carbides, whether or not chemically defineds exported from Mexico skyrocketed to 588 tons, picking up by 238% compared with 2021 figures. Over the period under review, exports, however, saw a abrupt curtailment.

In value terms, exports of carbides, whether or not chemically defineds skyrocketed to $1.1M in 2022. Overall, exports, however, faced a sharp shrinkage.

Top Export Markets for Carbides, Whether or Not Chemically Defined from Mexico in 2022:

1. Colombia (409.4 tons)
2. United States (178.6 tons)

Source: IndexBox Market Intelligence Platform