Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $579 per ton in 2022, rising by 5.3% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +61.8% against 2013 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 5.6%. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.3% per year.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $546 per ton in 2022, increasing by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 11%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($967 per ton), while the average price for exports to India ($135 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico
Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Mexico stood at 2.3M tons in 2022, picking up by 2% against 2021 figures. In general, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels expanded rapidly to $1.3B in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 111% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 357 | 566 | 1,212 | 1,314 | 54.4% |
| Others | 0.2 | 15.8 | 12.4 | 1.0 | 71.0% |
| Total | 357 | 582 | 1,225 | 1,315 | 54.4% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Mexico in 2022:
- United States (2.3M tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels exported from Mexico rose significantly to 849K tons, increasing by 9.5% compared with the year before. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels expanded markedly to $464M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 218 | 184 | 338 | 400 | 22.4% |
| Spain | 10.9 | 10.7 | 15.9 | 21.5 | 25.4% |
| India | 22.3 | 17.9 | 22.3 | 20.1 | -3.4% |
| Taiwan (Chinese) | 19.4 | 11.1 | 7.5 | 9.7 | -20.6% |
| South Korea | 16.7 | 12.3 | 13.8 | 8.8 | -19.2% |
| Others | 13.6 | 12.3 | 9.2 | 3.7 | -35.2% |
| Total | 301 | 248 | 407 | 464 | 15.5% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Mexico in 2022:
- United States (634.1K tons)
- India (148.6K tons)
- Spain (35.9K tons)
- South Korea (18.9K tons)
- Taiwan (Chinese) (10.1K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Mexico.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
392
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Mexico.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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