Report Update Nov 1, 2024

Mexico - Aluminum (Unwrought, not Alloyed) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Mexico: Aluminium Market 2024

Aluminium Market Size in Mexico

In 2022, the Mexican aluminium market increased by 59% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a notable expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Aluminium Exports

Exports from Mexico

In 2022, overseas shipments of aluminum (unwrought, not alloyed) decreased by -11.7% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2014 when exports increased by 92% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium exports soared to $X in 2022. Overall, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2014 with an increase of 121%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for aluminium exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -15.4%.

In value terms, the United States ($X) also remains the key foreign market for aluminum (unwrought, not alloyed) exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -13.0%.

Export Prices by Country

The average aluminium export price stood at $X per ton in 2022, surging by 37% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +3.2% per year.

Aluminium Imports

Imports into Mexico

In 2022, overseas purchases of aluminum (unwrought, not alloyed) increased by 49% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 138%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, aluminium imports soared to $X in 2022. Overall, imports posted a notable expansion. The pace of growth appeared the most rapid in 2021 with an increase of 222%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest aluminium supplier to Mexico, accounting for a 68% share of total imports. Moreover, aluminium imports from India exceeded the figures recorded by the second-largest supplier, South Africa (X tons), sixfold. Russia (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +56.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+6.6% per year) and Russia (-1.4% per year).

In value terms, India ($X) constituted the largest supplier of aluminum (unwrought, not alloyed) to Mexico, comprising 66% of total imports. The second position in the ranking was taken by South Africa ($X), with a 13% share of total imports. It was followed by Russia, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +58.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+9.4% per year) and Russia (-0.1% per year).

Import Prices by Country

The average aluminium import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by +49.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 83% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum (unwrought, not alloyed) in the world?

China remains the largest aluminium consuming country worldwide, comprising approx. 56% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, Angola, eightfold. The United States ranked third in terms of total consumption with a 2.7% share.

What are the largest producers of aluminum (unwrought, not alloyed) in the world?

China remains the largest aluminium producing country worldwide, comprising approx. 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, Angola, eightfold. The third position in this ranking was occupied by India, with a 4.7% share.

What are the leading suppliers of aluminum (unwrought, not alloyed) to Mexico?

In value terms, India constituted the largest supplier of aluminium to Mexico, comprising 68% of total imports. The second position in the ranking was occupied by South Africa, with a 10% share of total imports. It was followed by Russia, with a 9.8% share.

What are the leading importers of aluminum (unwrought, not alloyed) from Mexico?

In value terms, the United States remains the key foreign market for aluminium exports from Mexico.

What is the average export price for aluminum (unwrought, not alloyed) in Mexico?

In 2021, the average aluminium export price amounted to $1,817 per ton, approximately reflecting the previous year.

What is the average import price for aluminum (unwrought, not alloyed) in Mexico?

The average aluminium import price stood at $2,542 per ton in 2021, picking up by 65% against the previous year.

This report provides an in-depth analysis of the aluminium 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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