Mexico - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWire and Cable Price in Mexico - 2023
Contents:
- Wire and Cable Price in Mexico (FOB) - 2023
- Wire and Cable Price in Mexico (CIF) - 2023
- Wire and Cable Exports in Mexico
- Wire and Cable Imports in Mexico
Wire and Cable Price in Mexico (FOB) - 2023
In June 2023, the average wire and cable export price amounted to $13,715 per ton, waning by -33.7% against the previous month. Over the period under review, export price indicated modest growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, wire and cable export price decreased by -33.7% against May 2023 indices. The most prominent rate of growth was recorded in July 2022 an increase of 27% against the previous month. Over the period under review, the average export prices attained the maximum at $20,676 per ton in May 2023, and then reduced notably in the following month.
Average prices varied somewhat for the major overseas markets. In June 2023, the country with the highest price was the United States ($13,788 per ton), while the average price for exports to Nicaragua totaled $10,131 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 (+1.6%).
Wire and Cable Price in Mexico (CIF) - 2023
In June 2023, the average wire and cable import price amounted to $17,904 per ton, remaining constant against the previous month. Over the period under review, the import price continues to indicate temperate growth. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 109% m-o-m. Over the period under review, average import prices hit record highs at $19,256 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Philippines ($32,889 per ton), while the price for Vietnam ($13,436 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 Honduras (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Wire and Cable Exports in Mexico
In 2022, approx. 823K tons of insulated wire and cable were exported from Mexico; remaining constant against the previous year. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 79% against the previous year. As a result, the exports reached the peak of 827K tons, leveling off in the following year.
In value terms, wire and cable exports surged to $15.3B in 2022. The total export value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Wire and Cable in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.1 | 9.7 | 12.2 | 14.5 | 9.3% |
| Nicaragua | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Honduras | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Total | 11.7 | 10.2 | 12.9 | 15.3 | 9.4% |
Top Export Markets for Wire and Cable from Mexico in 2022:
- United States (761.4K tons)
- Nicaragua (15.7K tons)
- Honduras (10.1K tons)
Wire and Cable Imports in Mexico
In 2022, imports of insulated wire and cable into Mexico dropped to 851K tons, which is down by -9.2% against 2021. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of 937K tons, and then contracted in the following year.
In value terms, wire and cable imports skyrocketed to $6.6B in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +51.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Wire and Cable in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.6 | 2.1 | 2.8 | 3.2 | 7.2% |
| China | 1.1 | 1.0 | 1.4 | 1.6 | 13.3% |
| Nicaragua | 0.2 | 0.3 | 0.2 | 0.3 | 14.5% |
| Vietnam | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 1.0 | 0.8 | 1.0 | 1.3 | 9.1% |
| Total | 4.8 | 4.3 | 5.5 | 6.6 | 11.2% |
Top Suppliers of Wire and Cable to Mexico in 2022:
- United States (561.5K tons)
- China (187.0K tons)
- Vietnam (18.9K tons)
- Nicaragua (16.1K tons)
This report provides an in-depth analysis of the wire and cable market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27321130 -
- Prodcom 27321150 -
- Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
- Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
- Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
- Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
- Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the wire and cable market in Mexico.
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This report provides an in-depth analysis of the insulated coaxial cable market in Mexico.
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This report provides an in-depth analysis of the winding wire market in Mexico.
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This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships in Mexico.
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This report provides an in-depth analysis of the market for optical fiber, bundle and cable in Mexico.
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This report provides an in-depth analysis of the market for insulated electric conductors for a voltage over 1000 v in Mexico.
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In July 2022, the wire and cable price stood at $14.6 per kg (FOB, Mexico), jumping by 27% against the previous month.
59
The exports of Optical Fiber Cables peaked at 109K tons in 2022, but dropped remarkably in the following year. In value terms, exports contracted significantly to $1.1B in 2023.
315
Optical Fiber Cables experienced an increase to $15,556 a ton (FOB, Mexico) in December 2022, representing a 3.2% jump in price from the previous month.
101
From April 2023 to December 2023, the exports of Winding Wire failed to regain momentum, with a total value of $35M in December 2023.
202
In December 2022, there was no significant change in the cost of winding wire as the FOB price per ton remained at $10,055 in Mexico.
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In December 2022, the winding wire price stood at $10.1 per kg in Mexico, remaining relatively stable against the previous month. The rate of growth in terms of prices for the United States amounted to -0.5% per month. In December 2022, winding wire exports from Mexico soared to 3.5K tons, with the United States being the main destination, accounting for approximately 99% share of total exports. The value of winding wire exports surged to $35M in December 2022.
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Explore the top 10 countries dominating the wire and cable import market, including the United States, Germany, Japan, and more. Get key statistics and insights from IndexBox market intelligence platform.
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Global wire and cable imports totaled X tons in 2016, jumping by X% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increa...
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Global wire and cable imports totaled X tons in 2016, jumping by X% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increa...
