Price for Steel Alloy Wire of Silico-Manganese Steel in Mexico - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Mexico (FOB) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Mexico (CIF) - 2024
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Mexico
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Mexico
Price for Steel Alloy Wire of Silico-Manganese Steel in Mexico (FOB) - 2024
The average export price for steel alloy wire of silico-manganese steels stood at $2,219 per ton in February 2024, approximately mirroring the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 1% against the previous month. The export price peaked at $2,247 per ton in October 2023; afterwards, it flattened through to February 2024.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to February 2024, the rate of growth in terms of prices for the United States amounted to +0.4% per month.
Price for Steel Alloy Wire of Silico-Manganese Steel in Mexico (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,384 per ton in February 2024, picking up by 1.9% against the previous month. Over the period under review, the import price, however, showed a mild reduction. The pace of growth was the most pronounced in June 2023 when the average import price increased by 52% month-to-month. Over the period under review, average import prices reached the peak figure at $2,140 per ton in March 2023; however, from April 2023 to February 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($3,077 per ton), while the price for Vietnam ($1,201 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel Alloy Wire of Silico-Manganese Steel in Mexico
In 2022, exports of steel alloy wire of silico-manganese steels from Mexico stood at 12K tons, surging by 12% compared with the year before. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, the exports attained the peak of 14K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel alloy wire of silico-manganese steels surged to $26M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.2 | 16.8 | 18.1 | 25.6 | 21.7% |
| Canada | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.3 | 16.8 | 18.1 | 26.2 | 22.4% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Mexico in 2022:
- United States (11.3K tons)
- Canada (0.2K tons)
Imports of Steel Alloy Wire of Silico-Manganese Steel in Mexico
In 2022, imports of steel alloy wire of silico-manganese steels into Mexico skyrocketed to 6.1K tons, with an increase of 92% compared with the year before. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels surged to $14M in 2022. In general, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Vietnam | 1.5 | 4.7 | 213.3% | ||
| Japan | 0.4 | 3.0 | 650.0% | ||
| South Korea | 2.9 | 2.7 | -6.9% | ||
| United States | 1.6 | 2.4 | 50.0% | ||
| China | 0.5 | 1.1 | 120.0% | ||
| Others | N/A | 0.2 | 0% | ||
| Total | 6.9 | 14.2 | 105.8% | ||
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Mexico in 2022:
- Vietnam (2.9K tons)
- South Korea (1.0K tons)
- Japan (0.9K tons)
- United States (0.7K tons)
- China (0.6K tons)
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