Mexico: Copper Screw Market 2024

Copper Screw Market Size in Mexico

The Mexican copper screw market soared to $X in 2021, picking up by 18% against the previous year. In general, consumption showed a relatively flat trend pattern. Copper screw consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Copper Screw Production in Mexico

In value terms, copper screw production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 223% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Copper Screw Exports

Exports from Mexico

In 2021, approx. X tons of copper screws, bolts and nuts were exported from Mexico; picking up by 4.3% against 2020. In general, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% 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 +63.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 57% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, copper screw exports skyrocketed to $X in 2021. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 44% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for copper screw exports from Mexico, accounting for a approx. 97% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +5.7%.

In value terms, the United States ($X) also remains the key foreign market for copper screws, bolts and nuts exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +9.3%.

Export Prices by Country

The average copper screw export price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +3.4% per year.

Copper Screw Imports

Imports into Mexico

In 2021, after two years of decline, there was significant growth in supplies from abroad of copper screws, bolts and nuts, when their volume increased by 7.7% to X tons. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.1% against 2015 indices. The growth pace was the most rapid in 2015 when imports increased by 40% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, copper screw imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest copper screw supplier to Mexico, accounting for a 52% share of total imports. Moreover, copper screw imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.6% per year) and Taiwan (Chinese) (+11.8% per year).

In value terms, the United States ($X) constituted the largest supplier of copper screws, bolts and nuts to Mexico, comprising 48% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Taiwan (Chinese), with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.3% per year) and Taiwan (Chinese) (+14.6% per year).

Import Prices by Country

In 2021, the average copper screw import price amounted to $X per ton, increasing by 21% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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