Mexico - Copper Stranded Wire, Cables And Plaited Bands - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIn 2023, Mexico Witnesses a 32% Increase in Copper Stranded Wire Import, Reaching $289 Million
Mexico Copper Stranded Wire Imports
In 2023, approx. 24K tons of copper stranded wire, cables and plaited bands were imported into Mexico; picking up by 35% compared with 2022 figures. In general, imports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 50%. Over the period under review, imports attained the peak figure at 38K tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.
In value terms, copper stranded wire imports skyrocketed to $289M (IndexBox estimates) in 2023. Over the period under review, imports, however, recorded a slight decline. Over the period under review, imports attained the peak figure at $328M in 2014; however, from 2015 to 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Copper Stranded Wire in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 284 | 277 | 267 | 233 | 242 | 278 | 211 | 134 | 172 | 188 | 232 |
| Spain | N/A | 11.9 | 3.6 | 4.9 | 11.1 | 12.5 | 5.6 | 0.5 | 3.3 | 1.8 | 19.1 |
| Turkey | 28.6 | 30.3 | 9.0 | 5.1 | 9.1 | 5.6 | 4.7 | 4.1 | 10.0 | 6.4 | 12.2 |
| Germany | 2.7 | 2.7 | 2.7 | 3.8 | 6.9 | 8.2 | 10.1 | 10.9 | 9.5 | 8.7 | 9.9 |
| Japan | 1.7 | 2.3 | 2.5 | 2.5 | 1.9 | 2.3 | 4.7 | 3.0 | 5.4 | 5.1 | 4.4 |
| Others | 3.4 | 3.5 | 2.9 | 3.2 | 4.3 | 10.7 | 6.8 | 6.7 | 7.5 | 8.2 | 11.7 |
| Total | 321 | 328 | 288 | 253 | 275 | 317 | 243 | 159 | 208 | 218 | 289 |
Imports by Country
In 2023, the United States (20K tons) constituted the largest copper stranded wire supplier to Mexico, with a 83% share of total imports. Moreover, copper stranded wire imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (1.7K tons), more than tenfold. The third position in this ranking was held by Turkey (1.1K tons), with a 4.4% share.
From 2013 to 2023, the average annual growth rate of volume from the United States stood at -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+97.9% per year) and Turkey (-10.1% per year).
In value terms, the United States ($232M) constituted the largest supplier of copper stranded wire, cables and plaited bands to Mexico, comprising 80% of total imports. The second position in the ranking was held by Spain ($19M), with a 6.6% share of total imports. It was followed by Turkey, with a 4.2% share.
From 2013 to 2023, the average annual rate of growth in terms of value from the United States totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+96.9% per year) and Turkey (-8.2% per year).
Import Prices by Country
In 2023, the copper stranded wire price amounted to $11,847 per ton (CIF, Mexico), with a decrease of -2% against the previous year. Over the period under review, import price indicated measured growth from 2013 to 2023: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, copper stranded wire import price increased by +63.9% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of 67% against the previous year. As a result, import price attained the peak level of $12,094 per ton, and then fell slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($23,927 per ton), while the price for China ($9,401 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the copper stranded wire market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
