Mexico: Iron Angle Market 2025

Iron Angle Market Size in Mexico

In 2021, the Mexican iron angle market decreased by -1.3% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 5.5% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Iron Angle Production in Mexico

In value terms, iron angle production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 8%. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Iron Angle Exports

Exports from Mexico

In 2021, overseas shipments of angles, shapes and sections (of iron or non-alloy steel) increased by 8.7% to X tons, rising for the second consecutive year after three years of decline. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +35.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 39%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, iron angle exports soared to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for iron angle exports from Mexico, accounting for a 94% share of total exports. Moreover, iron angle exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. Honduras (X tons) ranked third in terms of total exports with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+3.2% per year) and Honduras (-5.6% per year).

In value terms, the United States ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Mexico, comprising 93% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 6.3% share of total exports. It was followed by Honduras, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+4.3% per year) and Honduras (-3.7% per year).

Export Prices by Country

In 2021, the average iron angle export price amounted to $X per ton, growing by 55% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Honduras ($X per ton) and El Salvador ($X per ton), while the average price for exports to the United States ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Mexico

In 2021, overseas purchases of angles, shapes and sections (of iron or non-alloy steel) increased by 38% to X tons for the first time since 2012, thus ending a eight-year declining trend. In general, imports, however, saw a abrupt descent. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, iron angle imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest iron angle supplier to Mexico, with a 50% share of total imports. Moreover, iron angle imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Luxembourg (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.1% per year) and Luxembourg (+2.3% per year).

In value terms, the United States ($X) constituted the largest supplier of angles, shapes and sections (of iron or non-alloy steel) to Mexico, comprising 53% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Luxembourg, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.1% per year) and Luxembourg (+3.3% per year).

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, increasing by 4.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2015 an increase of 24%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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