Mexico: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Mexico

In 2021, the Mexican market for railway or tramway track construction material of iron or steel increased by 4.6% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Mexico

In value terms, production of railway or tramway track construction material of iron or steel rose slightly to $X in 2021 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.2% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 46% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production of growth remained at a lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Mexico

In 2021, the amount of railway or tramway track construction material of iron or steel exported from Mexico dropped dramatically to X tons, shrinking by -41.1% compared with the year before. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 128%. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel reduced sharply to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 162% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for railway or tramway track construction material of iron or steel exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, declining by -9.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, 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 2021, the rate of growth in terms of prices for the United States amounted to +0.3% per year.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Mexico

In 2021, supplies from abroad of railway or tramway track construction material of iron or steel increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel contracted modestly to $X in 2021. Over the period under review, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2018 when imports increased by 22% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of iron and steel railway construction materials to Mexico, accounting for a 95% share of total imports. It was followed by China (X tons), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -1.3%.

In value terms, the United States ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to Mexico, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, reducing by -11.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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