Mexico: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in Mexico

In 2021, the Mexican base metal hinge market increased by 8.9% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Base Metal Hinge Production in Mexico

In value terms, base metal hinge production contracted to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 45%. Base metal hinge production peaked at $X in 2020, and then dropped in the following year.

Base Metal Hinge Exports

Exports from Mexico

In 2021, the amount of base metal hinges exported from Mexico surged to X tons, increasing by 18% against the previous year's figure. The total export volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, base metal hinge exports expanded remarkably to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.8% against 2016 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 29%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for base metal hinge exports from Mexico, accounting for a 85% share of total exports. Moreover, base metal hinge exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+20.0% per year) and China (+67.2% per year).

In value terms, the United States ($X) remains the key foreign market for base metal hinges exports from Mexico, comprising 88% of total exports. The second position in the ranking was held by Brazil ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+18.2% per year) and China (+68.3% per year).

Export Prices by Country

In 2021, the average base metal hinge export price amounted to $X per ton, which is down by -6.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2016 an increase of 35%. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Hinge Imports

Imports into Mexico

In 2021, overseas purchases of base metal hinges were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal hinge imports surged to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of base metal hinge imports to Mexico, together accounting for 72% of total imports. These countries were followed by Italy, South Korea, Spain, Germany and Japan, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +11.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Canada ($X) constituted the largest base metal hinge suppliers to Mexico, together accounting for 66% of total imports. Italy, South Korea, Germany, Spain and Japan lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Italy, with a CAGR of +15.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average base metal hinge import price amounted to $X per ton, increasing by 3.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 an increase of 4.1% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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