Mexico's Imports of Aluminium and Titanium Drop Sharply to $1.7 Billion in 2024
Mexico Aluminium and Titanium Imports
In 2024, the amount of aluminium and titanium imported into Mexico soared to 927K tons, picking up by 60% on 2023. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2015 with an increase of 629%. Imports peaked in 2024 and are likely to continue growth in years to come.
In value terms, aluminium and titanium imports surged to $2.7B (IndexBox estimates) in 2024. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 72%. Over the period under review, imports attained the maximum in 2024 and are likely to see steady growth in the near future.
COUNTRY | Import Value of Aluminium and Titanium in Mexico (million USD) | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
United States | 605 | 544 | 460 | 399 | 527 | 402 | 324 | 462 | 716 | 554 |
United Arab Emirates | 77.4 | 77.8 | N/A | N/A | 363 | N/A | N/A | 214 | 281 | 299 |
India | 256 | 341 | 186 | 220 | 312 | 195 | 83.8 | 415 | 630 | 268 |
Bahrain | 10.3 | 8.6 | 17.2 | N/A | 31.8 | 29.5 | 52.5 | 58.9 | 126 | 236 |
Vietnam | N/A | N/A | N/A | 6.8 | 50.5 | 82.6 | 63.3 | 119 | 76.0 | 82.5 |
Malaysia | N/A | N/A | 12.5 | N/A | 38.1 | 28.8 | 19.6 | 30.9 | 8.3 | 68.1 |
Canada | 481 | 475 | 364 | 358 | 373 | 322 | 215 | 179 | 132 | 60.3 |
Russia | 95.2 | 239 | 138 | 247 | 274 | 158 | 161 | 182 | 179 | 38.1 |
Others | 15.3 | 71.9 | 256 | 98.1 | 193 | 147 | 116 | 122 | 170 | 62.3 |
Total | 1,541 | 1,757 | 1,435 | 1,329 | 2,161 | 1,364 | 1,035 | 1,783 | 2,318 | 1,668 |
Imports by Country
the United States (169K tons), India (109K tons) and the United Arab Emirates (99K tons) were the main suppliers of aluminium and titanium imports to Mexico, with a combined 65% share of total imports. Bahrain, Vietnam, Malaysia, Canada and Russia lagged somewhat behind, together accounting for a further 31%.
From 2014 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the United States ($554M), the United Arab Emirates ($299M) and India ($268M) were the largest aluminium and titanium suppliers to Mexico, with a combined 67% share of total imports. Bahrain, Vietnam, Malaysia, Canada and Russia lagged somewhat behind, together accounting for a further 29%.
Vietnam, with a CAGR of +51.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In 2024, aluminum and alloys (927K tons) was the main type of aluminium and titanium supplied to Mexico, with a 99.9% share of total imports. It was followed by titanium sponge, powders, ingots and slabs (60 tons), with less than 0.1% share of total imports.
From 2014 to 2024, the average annual rate of growth in terms of the volume of aluminum and alloys imports totaled +23.6%.
In value terms, aluminum and alloys ($2.7B) constituted the largest type of aluminium and titanium supplied to Mexico, comprising 99.9% of total imports. The second position in the ranking was taken by titanium sponge, powders, ingots and slabs ($351K), with less than 0.1% share of total imports.
Import Prices by Country
In 2023, the aluminium and titanium price amounted to $2,886 per ton (CIF, Mexico), with a decrease of -10.6% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 39%. The import price peaked at $13,864 per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were the United States ($3,273 per ton) and Canada ($3,029 per ton), while the price for India ($2,445 per ton) and Russia ($2,513 per ton) were amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024