Mexico: Moulds For Metal Market 2024

Moulds For Metal Market Size in Mexico

In 2022, the Mexican moulds for metal market increased by 13% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed prominent growth. Moulds for metal consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Moulds For Metal Production in Mexico

In value terms, moulds for metal production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded strong growth. The growth pace was the most rapid in 2017 when the production volume increased by 47% against the previous year. Moulds for metal production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Moulds For Metal Exports

Exports from Mexico

Moulds for metal exports from Mexico surged to X tons in 2022, rising by 16% compared with the previous year. In general, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 30%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, moulds for metal exports surged to $X in 2022. Over the period under review, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 44%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for moulds for metal 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 stood at -5.8%.

In value terms, the United States ($X) also remains the key foreign market for moulds for metals exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, picking up by 20% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, moulds for metal export price increased by +35.3% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 28% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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 +7.0% per year.

Moulds For Metal Imports

Imports into Mexico

After three years of decline, supplies from abroad of moulds for metals increased by 8.3% to X tons in 2022. Overall, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2014 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, moulds for metal imports expanded sharply to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of moulds for metal imports to Mexico, together comprising 64% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +21.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest moulds for metal suppliers to Mexico, together accounting for 61% of total imports.

Among the main suppliers, China, with a CAGR of +20.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, picking up by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2014 an increase of 7.8%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform