Mexico: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Mexico

In 2022, the Mexican metal flexible tubing market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal flexible tubing consumption peaked at $X in 2021, and then dropped dramatically in the following year.

Metal Flexible Tubing Production in Mexico

In value terms, metal flexible tubing production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Metal flexible tubing production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Metal Flexible Tubing Exports

Exports from Mexico

In 2022, overseas shipments of iron or steel flexible tubing increased by X% to X tons, rising for the fourth consecutive year after five years of decline. In general, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal flexible tubing exports soared to $X in 2022. Over the period under review, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) also remains the key foreign market for iron or steel flexible tubing exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

In 2022, the average metal flexible tubing export price amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, 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 2022, the rate of growth in terms of prices for Peru amounted to X% per year.

Metal Flexible Tubing Imports

Imports into Mexico

After two years of growth, supplies from abroad of iron or steel flexible tubing decreased by X% to X tons in 2022. Over the period under review, imports saw a slight slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, metal flexible tubing imports expanded modestly to $X in 2022. In general, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, the United States ($X) constituted the largest supplier of iron or steel flexible tubing to Mexico, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average metal flexible tubing import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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