Mexico: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2025

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Mexico

The Mexican market for line pipe of steel other than stainless steel for oil or gas pipelines soared to $X in 2022, with an increase of 27% against the previous year. Over the period under review, consumption showed a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Mexico

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines dropped to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 18% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Mexico

In 2022, the amount of line pipe of steel other than stainless steel for oil or gas pipelines exported from Mexico soared to X tons, with an increase of 39% against the previous year's figure. Overall, exports recorded a slight expansion. The pace of growth was the most pronounced in 2014 with an increase of 86% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. In general, exports posted a measured increase. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from Mexico, with 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 amounted to +4.9%.

In value terms, the United States ($X) also remains the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +6.7%.

Export Prices by Country

The average export price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, with an increase of 51% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Canada amounted to +2.7% per year.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Mexico

In 2022, overseas purchases of line pipe of steel other than stainless steel for oil or gas pipelines increased by 1.1% to X tons, rising for the fifth year in a row after four years of decline. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 146% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines soared to $X in 2022. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 97% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Brazil (X tons) and Italy (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Mexico, together accounting for 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +94.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Mexico were China ($X), Italy ($X) and Brazil ($X), together accounting for 77% of total imports.

Brazil, with a CAGR of +87.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, increasing by 27% against the previous year. Overall, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 90% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform