Mexico: Ferro-Titanium And Ferro-Silico-Titanium Market 2025

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Mexico

The Mexican ferro-titanium and ferro-silico-titanium market soared to $X in 2022, rising by 140% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a noticeable slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports from Mexico

In 2014, after two years of growth, there was significant decline in shipments abroad of ferro-titanium and ferro-silico-titanium, when their volume decreased by -65.5% to X tons. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2013 when exports increased by 7.5% against the previous year. As a result, the exports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, ferro-titanium and ferro-silico-titanium exports contracted sharply to $X in 2014. Overall, exports recorded a sharp downturn. The growth pace was the most rapid in 2013 with an increase of 15%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Brazil (X tons) was the main destination for ferro-titanium and ferro-silico-titanium exports from Mexico, accounting for a 86% share of total exports. Moreover, ferro-titanium and ferro-silico-titanium exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2014, the average annual rate of growth in terms of volume to Brazil amounted to +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Panama (+210.1% per year).

In value terms, Brazil ($X) emerged as the key foreign market for ferro-titanium and ferro-silico-titanium exports from Mexico, comprising 77% of total exports. The second position in the ranking was taken by Panama ($X), with an 11% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of value to Brazil amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+308.4% per year) and the United States (0.0% per year).

Export Prices by Country

The average ferro-titanium and ferro-silico-titanium export price stood at $X per ton in 2014, with an increase of 14% against the previous year. Over the last two years, it increased at an average annual rate of +10.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+31.7%).

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports into Mexico

In 2022, approx. X tons of ferro-titanium and ferro-silico-titanium were imported into Mexico; rising by 59% on the previous year's figure. Over the period under review, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 67% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports surged to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of ferro-titanium and ferro-silico-titanium to Mexico, accounting for a 36% share of total imports. Moreover, ferro-titanium and ferro-silico-titanium imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +401.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-23.0% per year) and Poland (0.0% per year).

In value terms, Spain ($X) constituted the largest supplier of ferro-titanium and ferro-silico-titanium to Mexico, comprising 39% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.2% share of total imports. It was followed by Latvia, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +471.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.9% per year) and Latvia (0.0% per year).

Import Prices by Country

In 2022, the average ferro-titanium and ferro-silico-titanium import price amounted to $X per ton, jumping by 135% against the previous year. Over the period under review, the import price posted a resilient increase. 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 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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