Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico (CIF) - 2024
In December 2023, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,525 per ton, which is down by -3.1% against the previous month. Overall, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 9.4% m-o-m. Over the period under review, average import prices attained the peak figure at $1,861 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,674 per ton), while the price for China ($1,367 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by China (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico (FOB) - 2024
In December 2023, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $6,400 per ton, picking up by 75% against the previous month. Overall, the export price enjoyed moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to +2.1% per month.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico
In 2022, approx. 27K tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were imported into Mexico; rising by 26% on the previous year's figure. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses soared to $62M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| China | 27.1 | 42.7 | 57.6% | ||
| United States | 11.8 | 10.1 | -14.4% | ||
| Germany | 2.3 | 7.4 | 221.7% | ||
| Others | 0.7 | 1.4 | 100.0% | ||
| Total | 41.9 | 61.5 | 46.8% | ||
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Mexico in 2022:
- China (20.9K tons)
- United States (3.1K tons)
- Germany (2.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -6.3% to 1.3K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 25%. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $4.4M in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 102%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.8 | 2.0 | 4.2 | 4.4 | 34.7% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 1.8 | 2.1 | 4.2 | 4.4 | 34.7% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Mexico in 2022:
- United States (1.3K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
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This report provides an in-depth analysis of the market for iron and steel wire in Mexico.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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