Mexico: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Mexico

In 2021, the Mexican market for ribbed or other deformed wire rod of non-alloy steel decreased by -2.3% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then fell modestly in the following year.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Mexico

In value terms, deformed non-alloy steel wire rod production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Deformed non-alloy steel wire rod production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Mexico

In 2021, overseas shipments of ribbed or other deformed wire rod of non-alloy steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 494%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 398% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for deformed non-alloy steel wire rod exports from Mexico, with a 89% share of total exports. Moreover, deformed non-alloy steel wire rod exports to Colombia exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Peru (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Colombia totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+167.0% per year) and Peru (-4.3% per year).

In value terms, Colombia ($X) remains the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Mexico, comprising 89% of total exports. The second position in the ranking was held by the United States ($X), with a 4.4% share of total exports. It was followed by Peru, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+127.2% per year) and Peru (-3.4% per year).

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, picking up by 55% against the previous year. Overall, the export price showed a mild increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the average price for exports to Chile ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Mexico

In 2021, overseas purchases of ribbed or other deformed wire rod of non-alloy steel decreased by -89% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 214% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod imports fell sharply to $X in 2021. In general, imports recorded a sharp reduction. The growth pace was the most rapid in 2014 with an increase of 254%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) was the main supplier of deformed non-alloy steel wire rod to Mexico, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India stood at -13.2%.

In value terms, India ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled -1.9%.

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, increasing by 177% against the previous year. Over the period under review, the import price saw strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +13.0% per year.

Source: IndexBox Platform

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