Pig Iron Market Overview in Mexico
In value terms, pig iron production amounted to $ in estimated in export prices. Over the period under review, production showed a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. As a result, production attained the peak level of $. from 2018 to , production growth remained at a lower figure.
The revenue of the pig iron market in Mexico shrank to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. from 2018 to , the growth of the market remained at a somewhat lower figure.