Price for Refined Copper Tube and Pipe in Mexico - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Mexico (FOB) - 2023
- Price for Refined Copper Tube and Pipe in Mexico (CIF) - 2023
- Exports of Refined Copper Tube and Pipe in Mexico
- Imports of Refined Copper Tube and Pipe in Mexico
Price for Refined Copper Tube and Pipe in Mexico (FOB) - 2023
The average export price for tubes and pipes of refined copper stood at $10,464 per ton in June 2023, dropping by -5.3% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 46% against the previous month. As a result, the export price attained the peak level of $15,028 per ton. From May 2023 to June 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was the United States ($10,727 per ton), while the average price for exports to Chile stood at $9,087 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.4%), while the prices for the other major destinations experienced a decline.
Price for Refined Copper Tube and Pipe in Mexico (CIF) - 2023
The average import price for tubes and pipes of refined copper stood at $11,629 per ton in June 2023, shrinking by -2.3% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 123% month-to-month. The import price peaked at $13,203 per ton in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($13,533 per ton), while the price for China ($9,283 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Refined Copper Tube and Pipe in Mexico
Refined copper tube and pipe exports from Mexico soared to 15K tons in 2022, picking up by 22% against the year before. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined copper tube and pipe exports surged to $164M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Refined Copper Tube and Pipe in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 52.3 | 52.5 | 81.7 | 114 | 29.7% |
| Chile | 7.9 | N/A | 21.0 | 22.9 | 42.6% |
| Colombia | 20.2 | 13.4 | 11.3 | 19.7 | -0.8% |
| Peru | 4.4 | 3.5 | 1.5 | 1.2 | -35.2% |
| Canada | 11.8 | 8.2 | 5.5 | 1.1 | -54.7% |
| United Arab Emirates | 2.4 | 1.2 | 2.8 | N/A | 8.0% |
| Others | 4.1 | 3.6 | 5.3 | 5.8 | 12.3% |
| Total | 103 | 82.4 | 129 | 164 | 16.8% |
Top Export Markets for Refined Copper Tube and Pipe from Mexico in 2022:
- United States (10.5K tons)
- Chile (2.2K tons)
- Colombia (1.8K tons)
- Canada (0.1K tons)
- Peru (0.1K tons)
Imports of Refined Copper Tube and Pipe in Mexico
Refined copper tube and pipe imports into Mexico expanded rapidly to 12K tons in 2022, growing by 15% compared with the year before. The total import volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, refined copper tube and pipe imports rose markedly to $141M in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Refined Copper Tube and Pipe in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.7 | 49.0 | 89.4 | 81.8 | 14.4% |
| China | 12.2 | 14.9 | 29.8 | 49.7 | 59.7% |
| Thailand | N/A | 3.4 | 2.7 | 5.9 | 31.7% |
| Others | 4.4 | 2.9 | 2.1 | 3.1 | -11.0% |
| Total | 71.3 | 70.2 | 124 | 141 | 25.5% |
Top Suppliers of Refined Copper Tube and Pipe to Mexico in 2022:
- United States (7.6K tons)
- China (4.2K tons)
- Thailand (0.5K tons)
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903
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