Metal Spring Washer Price in Mexico Decreases by 21%, Now at $5,781 per Ton

Metal Spring Washer Price in Mexico Decreases by 21%, Now at $5,781 per Ton

In June 2023, the import price for metal spring washers in Mexico dropped by 20.6% to $5,781 per ton (CIF, Mexico), compared to the previous month. The overall trend in import prices remained relatively flat, with the most significant increase occurring in May 2023, when the average import price rose by 70% month-to-month. Although average import prices reached a record high of $10,757 per ton in October 2022, they failed to regain momentum from November 2022 to June 2023. Prices varied across countries, with Germany having the highest price of $26,596 per ton and Taiwan (Chinese) having one of the lowest prices at $1,744 per ton. From June 2022 to June 2023, Japan experienced the most notable price growth at 15.6%, while other major suppliers had mixed trend patterns. Imports of metal spring washers into Mexico saw a significant increase, reaching 1.2K tons in June 2023, a 15% growth compared to May 2023. The pace of growth was most rapid in February 2023 with a 115% increase from the previous month. In terms of value, imports declined to $6.7M in June 2023, with an average monthly growth rate of +1.6% from June 2022 to June 2023. The largest supplier of metal spring washers to Mexico was the United States, accounting for 60% of total imports, followed by China and Taiwan (Chinese). The United States also held the largest share in terms of value, comprising 43% of total imports, followed by Germany and China. From June 2022 to June 2023, the average monthly rate of import value growth from the United States was +1.7%, while the remaining supplying countries had varying average monthly growth rates.

Source: IndexBox Market Intelligence Platform

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