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Mexico - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Mexico - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Apr 19, 2023

Mexico Sees 44% Drop in Stainless Steel Angle Price Average of $1,322 per Ton

Mexico Stainless Steel Angle Import Price in December 2022

In December 2022, the stainless steel angle price amounted to $1,322 per ton (CIF, Mexico), reducing by -44.5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 76% month-to-month. As a result, import price reached the peak level of $3,695 per ton. From November 2022 to December 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($4,476 per ton), while the price for Spain ($1,075 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYDec 2021Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022
Import Price Stainless Steel Angle in Mexico (USD per kg)
India4.04.04.34.55.04.54.25.46.94.94.74.14.5
United States2.02.01.62.32.82.82.61.82.22.82.51.92.2
Luxembourg1.21.21.21.21.21.21.21.31.41.4N/AN/A1.2
Spain1.21.21.1N/AN/A1.2N/AN/AN/AN/AN/AN/A1.1
Average1.41.41.31.71.71.41.61.61.62.13.72.41.3

Mexico Stainless Steel Angle Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was steel, stainless ($6,146 per ton), while the price for steel, alloy; angles, shapes and sections totaled $1,157 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by steel, stainless; angles, shapes and sections (+3.3%).

Mexico Stainless Steel Angle Imports

In December 2022, overseas purchases of angles, shapes and sections of stainless steel or other alloy steel increased by 963% to 7.5K tons, rising for the second month in a row after two months of decline. In general, imports, however, continue to indicate a slight slump. Over the period under review, imports reached the peak figure at 9.1K tons in December 2021; however, from January 2022 to December 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports soared to $9.9M (IndexBox estimates) in December 2022. Overall, imports, however, continue to indicate a mild shrinkage. Over the period under review, imports attained the peak figure at 12K tons in December 2021; however, from January 2022 to December 2022, imports remained at a lower figure.

Mexico Stainless Steel Angle Imports by Type

In December 2022, steel, alloy; angles, shapes and sections (7.2K tons) was the main type of stainless steel angle supplied to Mexico, with a 97% share of total imports. Moreover, steel, alloy; angles, shapes and sections exceeded the figures recorded for the second-largest type, steel, stainless (247 tons), more than tenfold.

From December 2021 to December 2022, the average monthly growth rate of the volume of import of steel, alloy; angles, shapes and sections amounted to -1.4%.

In value terms, steel, alloy; angles, shapes and sections ($8.4M) constituted the largest type of stainless steel angle supplied to Mexico, comprising 85% of total imports. The second position in the ranking was taken by steel, stainless ($1.5M), with a 15% share of total imports.

Mexico Stainless Steel Angle Imports by Country

Spain (4.4K tons), Luxembourg (2.2K tons) and the United States (645 tons) were the main suppliers of stainless steel angle imports to Mexico, together accounting for 98% of total imports.

From December 2021 to December 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +2.1%), while imports for the other leaders experienced a decline.

In value terms, Spain ($4.7M), Luxembourg ($2.8M) and the United States ($1.4M) appeared to be the largest stainless steel angle suppliers to Mexico, together comprising 91% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +2.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stainless steel angle 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 24107200 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of stainless steel
  • Prodcom 24107300 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of other alloy steel
  • Prodcom 24312050 - Sections, of alloy steel other than stainless, cold-finished or cold-formed (e.g. by cold-drawing)
  • Prodcom 24331200 - Cold-formed sections, obtained from flat products, of stainless steel

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  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

    This Chapter is Available Only for the Professional Edition PRO
    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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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