Overview of the Market for Iron Or Steel Towers in Mexico
In value terms, iron or steel towers production stood at $ in 2018 estimated in export prices. Over the period under review, the total output indicated a noticeable increase from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron or steel towers production increased by +% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of % year-to-year. In that year, iron or steel towers production attained its peak level of $, and then declined slightly in the following year.
The revenue of the iron or steel towers market in Mexico amounted to $ in 2018, remaining relatively unchanged 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). The market value increased at an average annual rate of +% over the period from 2007 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Over the period under review, the iron or steel towers market reached its maximum level at $ in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.