Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico (CIF) - 2022
In 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $6,100 per ton, rising by 1.8% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel bars and rods, angles, shapes and sectionses decreased by -27.4% against 2019 indices. The growth pace was the most rapid in 2019 when the average import price increased by 57%. As a result, import price attained the peak level of $8,400 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($8,497 per ton), while the price for Japan ($3,248 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico (FOB) - 2022
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $6,922 per ton in July 2022, approximately mirroring the previous month. Over the period under review, the export price posted a measured increase. The export price peaked at $6,986 per ton in May 2022; however, from June 2022 to July 2022, 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 March 2022 to July 2022, the rate of growth in terms of prices for the United States amounted to +2.7% per month.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico
For the fourth consecutive year, Mexico recorded growth in purchases abroad of stainless steel bars and rods, angles, shapes and sectionses, which increased by 37% to 30K tons in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $182M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +74.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.3 | 32.9 | 41.8 | 64.1 | 20.9% |
| India | 27.5 | 25.3 | 33.7 | 45.1 | 17.9% |
| Italy | 15.7 | 11.4 | 19.7 | 26.9 | 19.7% |
| Germany | 5.9 | 5.4 | 5.3 | 7.4 | 7.8% |
| China | 3.4 | 2.9 | 5.0 | 7.0 | 27.2% |
| Taiwan (Chinese) | 6.6 | 7.9 | 3.8 | 6.9 | 1.5% |
| Japan | 3.3 | 1.6 | 3.4 | 5.7 | 20.0% |
| Sweden | 3.6 | 4.3 | 6.8 | 5.5 | 15.2% |
| Brazil | 1.2 | 1.0 | 1.7 | 3.2 | 38.7% |
| Others | 7.5 | 11.5 | 9.9 | 10.3 | 11.2% |
| Total | 111 | 104 | 131 | 182 | 17.9% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Mexico in 2022:
- United States (10.3K tons)
- India (7.1K tons)
- Italy (4.7K tons)
- Japan (1.8K tons)
- Germany (1.3K tons)
- Taiwan (Chinese) (1.2K tons)
- China (1.0K tons)
- Sweden (0.7K tons)
- Brazil (0.5K tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico
In 2022, exports of stainless steel bars and rods, angles, shapes and sectionses from Mexico soared to 2.2K tons, with an increase of 59% against the previous year. Over the period under review, exports recorded 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 stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $11M in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.7 | 5.9 | 7.2 | 11.0 | 32.8% |
| Guatemala | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Argentina | 1.1 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.3 | N/A | N/A | 50.0% |
| Total | 6.3 | 6.4 | 7.2 | 11.1 | 20.8% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Mexico in 2022:
- United States (2.2K tons)
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