Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico - 2023
Contents:
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico (CIF) - 2023
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico (FOB) - 2023
- Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico
- Exports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico (CIF) - 2023
The average import price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s stood at $9,376 per ton in November 2023, almost unchanged from the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 9.6% month-to-month. As a result, import price reached the peak level of $10,910 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was South Korea ($16,665 per ton), while the price for Spain ($7,720 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico (FOB) - 2023
The average export price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s stood at $6,833 per ton in November 2023, remaining relatively unchanged against the previous month. Overall, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in August 2023 an increase of 4.2% m-o-m. Over the period under review, the average export prices hit record highs at $8,707 per ton in May 2023; however, from June 2023 to November 2023, 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 February 2023 to November 2023, the rate of growth in terms of prices for the United States amounted to -2.2% per month.
Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico
For the third consecutive year, Mexico recorded decline in supplies from abroad of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s, which decreased by -5.6% to 4.5K tons in 2022. Over the period under review, imports showed a abrupt decrease.
In value terms, imports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s expanded remarkably to $42M in 2022. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.3 | 24.0 | 36.2 | 39.6 | 9.3% |
| South Korea | 0.3 | 0.3 | 0.6 | 1.0 | 49.4% |
| Spain | 0.7 | 0.5 | 0.9 | 0.9 | 8.7% |
| Japan | 1.3 | 1.0 | N/A | N/A | -23.1% |
| Chile | 4.1 | N/A | 0.7 | N/A | -58.7% |
| Others | 2.1 | 1.6 | 0.8 | 0.8 | -27.5% |
| Total | 38.8 | 27.4 | 39.3 | 42.3 | 2.9% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) to Mexico in 2022:
- United States (4.2K tons)
- South Korea (0.1K tons)
- Spain (0.1K tons)
Exports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico
Exports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s from Mexico fell to 605 tons in 2022, which is down by -8.2% on 2021. Overall, exports saw a precipitous curtailment.
In value terms, exports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s contracted modestly to $5M in 2022. Over the period under review, exports recorded a drastic downturn.
| Export of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.6 | 6.0 | 5.2 | 5.0 | -8.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.6 | 6.0 | 5.2 | 5.0 | -8.8% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) from Mexico in 2022:
- United States (604.5 tons)
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