Price for Copper Plates, Sheets and Strip in Mexico - 2023
Contents:
- Price for Copper Plates, Sheets and Strip in Mexico (CIF) - 2023
- Price for Copper Plates, Sheets and Strip in Mexico (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in Mexico
- Exports of Copper Plates, Sheets and Strip in Mexico
Price for Copper Plates, Sheets and Strip in Mexico (CIF) - 2023
The average import price for copper plates, sheets and strips stood at $178K per ton in June 2023, remaining relatively unchanged against the previous month. Overall, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 1,076% m-o-m. The import price peaked at $185K per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to 0.0% per month.
Price for Copper Plates, Sheets and Strip in Mexico (FOB) - 2022
In 2022, the average export price for copper plates, sheets and strips amounted to $11,872 per ton, picking up by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($13,294 per ton), while the average price for exports to the United States totaled $11,811 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper Plates, Sheets and Strip in Mexico
Copper plates, sheets and strip imports into Mexico surged to 39K tons in 2022, rising by 29% compared with 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 +93.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, copper plates, sheets and strip imports soared to $380M in 2022. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Plates, Sheets and Strip in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 179 | 147 | 236 | 274 | 15.2% |
| China | 4.9 | 3.9 | 9.3 | 29.8 | 82.5% |
| Brazil | 0.7 | 7.6 | 8.7 | 20.3 | 207.2% |
| Japan | 8.5 | 5.6 | 12.0 | 14.7 | 20.0% |
| Germany | 12.9 | 5.6 | 8.2 | 11.1 | -4.9% |
| India | 0.6 | N/A | 0.7 | 4.7 | 98.6% |
| Spain | 5.1 | 3.2 | 1.9 | 0.9 | -43.9% |
| Others | 14.1 | 11.9 | 9.1 | 24.6 | 20.4% |
| Total | 226 | 185 | 286 | 380 | 18.9% |
Top Suppliers of Copper Plates, Sheets and Strip to Mexico in 2022:
- United States (30.3K tons)
- Brazil (4.5K tons)
- Germany (1.1K tons)
- Japan (0.9K tons)
- India (0.7K tons)
- China (0.7K tons)
- Spain (0.2K tons)
Exports of Copper Plates, Sheets and Strip in Mexico
For the fourth consecutive year, Mexico recorded growth in shipments abroad of copper plates, sheets and strips, which increased by 27% to 5.4K tons in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 42%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, copper plates, sheets and strip exports surged to $64M in 2022. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Copper Plates, Sheets and Strip in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.6 | 19.1 | 33.3 | 60.7 | 51.1% |
| Colombia | 2.7 | 2.9 | 3.5 | 3.0 | 3.6% |
| United Arab Emirates | 3.1 | 2.6 | 1.7 | N/A | -25.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.5 | 24.5 | 38.5 | 63.6 | 39.4% |
Top Export Markets for Copper Plates, Sheets and Strip from Mexico in 2022:
- United States (5.1K tons)
- Colombia (0.2K tons)
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