Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico (FOB) - 2024
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico (CIF) - 2024
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,818 per ton in December 2023, picking up by 2% against the previous month. Overall, the import price, however, showed a mild decline. The pace of growth was the most pronounced in March 2023 when the average import price increased by 70% m-o-m. As a result, import price attained the peak level of $5,465 per ton. From April 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Sweden ($6,835 per ton), while the price for Vietnam ($1,300 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 Sweden (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico (FOB) - 2024
In November 2023, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $1,146 per ton, with an increase of 8.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 12% month-to-month. The export price peaked at $1,186 per ton in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to November 2023, the rate of growth in terms of prices for the United States amounted to -0.3% per month.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico
For the fourth year in a row, Mexico recorded growth in supplies from abroad of steel alloy wire of materials other than silico-manganese steels, which increased by 0.1% to 25K tons in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels surged to $80M in 2022. The total import value increased at an average annual rate of +1.0% 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.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 28.1 | 38.3 | 36.3% | ||
| South Korea | 21.8 | 20.4 | -6.4% | ||
| Japan | 5.2 | 9.2 | 76.9% | ||
| China | 2.6 | 4.7 | 80.8% | ||
| Vietnam | 3.5 | 3.2 | -8.6% | ||
| Germany | 1.4 | 2.2 | 57.1% | ||
| Spain | 0.9 | 0.4 | -55.6% | ||
| Others | 2.1 | 1.8 | -14.3% | ||
| Total | 65.7 | 80.1 | 21.9% | ||
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Mexico in 2022:
- United States (10.7K tons)
- South Korea (7.7K tons)
- Japan (2.6K tons)
- Vietnam (1.7K tons)
- China (1.0K tons)
- Germany (0.6K tons)
- Spain (0.3K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico
In 2022, after three years of growth, there was significant decline in shipments abroad of steel alloy wire of materials other than silico-manganese steels, when their volume decreased by -33.8% to 28K tons. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,097% against the previous year. As a result, the exports reached the peak of 42K tons, and then declined remarkably in the following year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels fell to $34M in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 622% against the previous year. As a result, the exports reached the peak of $39M, and then contracted in the following year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 5.4 | 39.3 | 33.8 | 113.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.6 | 5.4 | 39.3 | 33.8 | 111.0% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Mexico in 2022:
- United States (27.9K tons)
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