Mexico: Metal Chain Market 2025

Metal Chain Market Size in Mexico

In 2022, the Mexican metal chain market increased by 9.1% to $X, rising for the sixth consecutive year after four years of decline. Overall, consumption recorded strong growth. Metal chain consumption peaked in 2022 and is expected to retain growth in the immediate term.

Metal Chain Exports

Exports from Mexico

In 2022, overseas shipments of iron or steel chain decreased by -55.5% to X tons, falling for the third year in a row after two years of growth. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 1,055% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal chain exports reduced notably to $X in 2022. Over the period under review, exports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2019 with an increase of 1,172%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for metal chain exports from Mexico, accounting for a 96% share of total exports. Moreover, metal chain exports to the United States exceeded the volume sent to the second major destination, the Dominican Republic (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -4.1%.

In value terms, the United States ($X) remains the key foreign market for iron or steel chain exports from Mexico, comprising 96% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +3.8%.

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, surging by 52% against the previous year. Overall, the export price recorded strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+8.8%).

Metal Chain Imports

Imports into Mexico

In 2022, overseas purchases of iron or steel chain increased by 4.7% to X tons, rising for the sixth consecutive year after three years of decline. In general, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 70% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal chain imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +123.8% against 2014 indices. The most prominent rate of growth was recorded in 2016 with an increase of 30%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest metal chain supplier to Mexico, with a 84% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.4%.

In value terms, the largest metal chain suppliers to Mexico were the United States ($X) and China ($X).

China, with a CAGR of +10.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average metal chain import price stood at $X per ton in 2022, growing by 5.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 169% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.3%).

Source: IndexBox Platform

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