Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico - 2023

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico (CIF) - 2023
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico (FOB) - 2023
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico (CIF) - 2023

In December 2023, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $7,622 per ton, falling by -36.2% against the previous month. Overall, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in April 2023 an increase of 24% m-o-m. As a result, import price reached the peak level of $16,153 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was China ($10,291 per ton), while the price for the United States totaled $7,322 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.1%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico (FOB) - 2023

In December 2023, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $9,681 per ton, growing by 4.1% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 9.5% month-to-month. The export price peaked at $11,505 per ton in March 2023; however, from April 2023 to December 2023, 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 December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -0.4% per month.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses imported into Mexico soared to 9.5K tons, with an increase of 22% compared with the previous year. The total import volume increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $114M in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 71%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Mexico in 2022:

1. United States (8.1K tons)
2. China (1.0K tons)
3. Japan (0.2K tons)
4. Germany (0.1K tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Mexico

Exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Mexico surged to 1.1K tons in 2022, rising by 89% compared with 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $12M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 107%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Mexico in 2022:

1. United States (1.1K tons)

Source: IndexBox Market Intelligence Platform