Price for Nickel; Plates, Sheets, Strip and Foil in Mexico - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in Mexico (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil in Mexico (FOB) - 2023
- Imports of Nickel; Plates, Sheets, Strip and Foil in Mexico
- Exports of Nickel; Plates, Sheets, Strip and Foil in Mexico
Price for Nickel; Plates, Sheets, Strip and Foil in Mexico (CIF) - 2022
In 2022, the average import price for nickel; plates, sheets, strip and foils amounted to $31,156 per ton, approximately reflecting the previous year. Over the period under review, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 40%. Over the period under review, average import prices attained the maximum at $41,866 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($33,225 per ton) and the United States ($32,641 per ton), while the price for China ($23,971 per ton) and Germany ($29,151 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Plates, Sheets, Strip and Foil in Mexico (FOB) - 2023
In December 2023, the average export price for nickel; plates, sheets, strip and foils amounted to $128K per ton, approximately equating the previous month. Over the period under review, the export price continues to indicate buoyant growth. The export price peaked in December 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to +6.8% per month.
Imports of Nickel; Plates, Sheets, Strip and Foil in Mexico
In 2022, the amount of nickel; plates, sheets, strip and foils imported into Mexico stood at 1.2K tons, surging by 2.9% against 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of nickel; plates, sheets, strip and foils rose to $37M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Nickel; Plates, Sheets, Strip and Foil in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.2 | 14.3 | 16.4 | 21.0 | 4.9% |
| Germany | 10.5 | 8.3 | 16.7 | 13.3 | 8.2% |
| Japan | 0.4 | 1.2 | 3.0 | 2.4 | 81.7% |
| China | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
| Others | 0.1 | 0.3 | N/A | N/A | 200.0% |
| Total | 29.4 | 24.3 | 36.5 | 37.3 | 8.3% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to Mexico in 2022:
- United States (642.3 tons)
- Germany (454.8 tons)
- Japan (72.6 tons)
- China (27.2 tons)
Exports of Nickel; Plates, Sheets, Strip and Foil in Mexico
In 2022, the amount of nickel; plates, sheets, strip and foils exported from Mexico reduced markedly to 1.3 tons, which is down by -92.8% on 2021 figures. Over the period under review, exports recorded a sharp reduction. The smallest decline of -85% was in 2021.
In value terms, exports of nickel; plates, sheets, strip and foils fell dramatically to $13K in 2022. In general, exports recorded a sharp decline. The smallest decline of -87.7% was in 2021.
| Export of Nickel; Plates, Sheets, Strip and Foil in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 1,829 | 225 | 13.2 | -91.5% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1,829 | 225 | 13.2 | -91.5% | |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from Mexico in 2022:
- United States (1.3 tons)
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