Report Update Nov 1, 2024

Mexico - Iron or Steel Wool - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Metal Wool Market 2024

Metal Wool Market Size in Mexico

In 2022, the Mexican metal wool market decreased by -11.8% to $X, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a noticeable decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Metal Wool Production in Mexico

In value terms, metal wool production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 67% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Metal Wool Exports

Exports from Mexico

Metal wool exports from Mexico expanded notably to X tons in 2022, increasing by 15% against 2021 figures. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 127% 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 years to come.

In value terms, metal wool exports expanded modestly to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +43.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for metal wool exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +12.0%.

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled +3.6%.

Export Prices by Country

The average metal wool export price stood at $X per ton in 2022, dropping by -9.6% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 37%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 the United States amounted to -7.5% per year.

Metal Wool Imports

Imports into Mexico

Metal wool imports into Mexico dropped modestly to X tons in 2022, declining by -4.1% compared with the previous year. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 73%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, metal wool imports expanded sharply to $X in 2022. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 55%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal wool supplier to Mexico, accounting for a 81% share of total imports. Moreover, metal wool 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 +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.7% per year) and South Korea (-2.9% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Mexico, comprising 80% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.1% per year) and South Korea (-13.2% per year).

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 11% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel wool in the world?

Russia remains the largest metal wool consuming country worldwide, accounting for 80% of total volume. Moreover, metal wool consumption in Russia exceeded the figures recorded by the second-largest consumer, China, more than tenfold.

What are the largest producers of iron or steel wool in the world?

The country with the largest volume of metal wool production was Russia, comprising approx. 79% of total volume. Moreover, metal wool production in Russia exceeded the figures recorded by the second-largest producer, China, eightfold.

What are the leading suppliers of iron or steel wool to Mexico?

In value terms, China constituted the largest supplier of metal wool to Mexico, comprising 79% of total imports. The second position in the ranking was occupied by the United States, with a 12% share of total imports.

What are the leading importers of iron or steel wool from Mexico?

In value terms, the United States remains the key foreign market for metal wool exports from Mexico.

What is the average export price for iron or steel wool in Mexico?

The average metal wool export price stood at $3,553 per ton in 2021, which is down by -15.7% against the previous year.

What is the average import price for iron or steel wool in Mexico?

The average metal wool import price stood at $3,625 per ton in 2021, increasing by 53% against the previous year.

This report provides an in-depth analysis of the metal wool market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023