Price for Zinc; Plates, Sheets, Strip and Foil in Mexico - 2024

Contents:

1. Price for Zinc; Plates, Sheets, Strip and Foil in Mexico (CIF) - 2024
2. Price for Zinc; Plates, Sheets, Strip and Foil in Mexico (FOB) - 2022
3. Imports of Zinc; Plates, Sheets, Strip and Foil in Mexico
4. Exports of Zinc; Plates, Sheets, Strip and Foil in Mexico

Price for Zinc; Plates, Sheets, Strip and Foil in Mexico (CIF) - 2024

In November 2023, the average import price for zinc; plates, sheets, strip and foils amounted to $5,201 per ton, remaining stable against the previous month. In general, the import price saw a perceptible increase. The pace of growth was the most pronounced in March 2023 an increase of 16% month-to-month. The import price peaked in November 2023.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From January 2023 to November 2023, the rate of growth in terms of prices for the United States amounted to +2.2% per month.

Price for Zinc; Plates, Sheets, Strip and Foil in Mexico (FOB) - 2022

The average export price for zinc; plates, sheets, strip and foils stood at $13,013 per ton in 2022, jumping by 39% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 42% against the previous year. The export price peaked at $27,286 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($21,843 per ton), while the average price for exports to the United States ($12,389 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc; Plates, Sheets, Strip and Foil in Mexico

In 2022, after three years of growth, there was significant decline in purchases abroad of zinc; plates, sheets, strip and foils, when their volume decreased by -38.9% to 2.7K tons. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports reached the peak of 4.4K tons, and then reduced remarkably in the following year.

In value terms, imports of zinc; plates, sheets, strip and foils shrank dramatically to $11M in 2022. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $17M, and then contracted rapidly in the following year.

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to Mexico in 2022:

1. United States (2.7K tons)

Exports of Zinc; Plates, Sheets, Strip and Foil in Mexico

Exports of zinc; plates, sheets, strip and foils from Mexico shrank rapidly to 88 tons in 2022, waning by -33.1% against the previous year's figure. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. As a result, the exports attained the peak of 132 tons, and then declined sharply in the following year.

In value terms, exports of zinc; plates, sheets, strip and foils contracted to $1.1M in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, the exports attained the peak of $1.2M, and then declined in the following year.

Top Export Markets for Zinc; Plates, Sheets, Strip and Foil from Mexico in 2022:

1. China (81.5 tons)
2. United States (4.4 tons)
3. Colombia (2.3 tons)

Source: IndexBox Market Intelligence Platform