Mexico: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Mexico

For the fourth consecutive year, the Mexican market for iron, steel or aluminium reservoirs, tanks, vats and similar containers recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Iron, steel or aluminium reservoir consumption peaked in 2020 and is likely to see gradual growth in the immediate term.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Mexico

In value terms, iron, steel or aluminium reservoir production expanded slightly to $X in 2020 estimated in export prices. In general, the total production indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Iron, steel or aluminium reservoir production peaked in 2020 and is likely to continue growth in years to come.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Mexico

In 2020, after three years of growth, there was significant decline in overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -X% to X tons. Overall, total exports indicated modest growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2019, and then fell notably in the following year.

In value terms, iron, steel or aluminium reservoir exports contracted significantly to $X in 2020. Over the period under review, total exports indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2019, and then declined notably in the following year.

Exports by Country

The U.S. (X tons) was the main destination for iron, steel or aluminium reservoir exports from Mexico, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. totaled +X%.

In value terms, the U.S. ($X) also remains the key foreign market for iron, steel or aluminium reservoir exports from Mexico.

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at +X%.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per ton in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Mexico

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers imported into Mexico declined remarkably to X tons, falling by -X% on 2019 figures. In general, total imports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2019 to 2020, the growth imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports declined to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest supplier of iron, steel or aluminium reservoir to Mexico, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Mexico, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled +X%.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

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