Mexico: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Mexico

After two years of decline, the Mexican metal welded link chain market increased by 10% to $X in 2021. Over the period under review, consumption, however, showed a slight downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Welded Link Chain Of Iron Or Steel in Mexico

In value terms, metal welded link chain production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Mexico

In 2021, exports of welded link chain of iron or steel from Mexico soared to X tons, picking up by 82% on 2020 figures. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal welded link chain exports soared to $X in 2021. In general, exports, however, continue to indicate a slight curtailment. The growth pace was the most rapid in 2020 with an increase of 49%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for metal welded link chain exports from Mexico, with a 86% share of total exports. Moreover, metal welded link chain exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. Honduras (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+6.2% per year) and Honduras (-17.1% per year).

In value terms, the United States ($X) remains the key foreign market for welded link chain of iron or steel exports from Mexico, comprising 87% of total exports. The second position in the ranking was held by Guatemala ($X), with a 7.1% share of total exports. It was followed by Honduras, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+7.7% per year) and Honduras (-19.3% per year).

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2021, dropping by -35.7% against the previous year. Overall, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 48% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Guatemala ($X per ton), while the average price for exports to El Salvador ($X per ton) and Honduras ($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 Colombia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Mexico

In 2021, overseas purchases of welded link chain of iron or steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a pronounced setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal welded link chain imports soared to $X in 2021. In general, imports, however, saw a slight downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal welded link chain supplier to Mexico, accounting for a 67% share of total imports. Moreover, metal welded link chain imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.5% per year) and Germany (-4.8% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest metal welded link chain suppliers to Mexico, with a combined 97% share of total imports.

China, with a CAGR of +0.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average metal welded link chain import price amounted to $X per ton, with an increase of 4.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 8.5%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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