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Feb 2, 2025

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.Mexico Aluminium and Titanium Imports By Country (Million USD)

COUNTRYImport Value of Aluminium and Titanium in Mexico (million USD)
2014201520162017201820192020202120222023
United States605544460399527402324462716554
United Arab Emirates77.477.8N/AN/A363N/AN/A214281299
India25634118622031219583.8415630268
Bahrain10.38.617.2N/A31.829.552.558.9126236
VietnamN/AN/AN/A6.850.582.663.311976.082.5
MalaysiaN/AN/A12.5N/A38.128.819.630.98.368.1
Canada48147536435837332221517913260.3
Russia95.223913824727415816118217938.1
Others15.371.925698.119314711612217062.3
Total1,5411,7571,4351,3292,1611,3641,0351,7832,3181,668

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.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

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    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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