Mexico - Automatic Circuit Breakers - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMexico's Circuit Breaker Exports Skyrocket, Reaching $920 Million in 2023
Mexico Circuit Breaker Exports
After four years of growth, shipments abroad of automatic circuit breakers decreased by -10.6% to 32M units in 2023. Overall, exports, however, recorded a notable expansion. The pace of growth was the most pronounced in 2021 when exports increased by 88%. Over the period under review, the exports reached the peak figure at 36M units in 2022, and then contracted in the following year.
In value terms, circuit breaker exports expanded markedly to $920M (IndexBox estimates) in 2023. In general, total exports indicated a prominent expansion from 2013 to 2023: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +113.4% against 2013 indices. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The exports peaked in 2023 and are likely to continue growth in the near future.
| COUNTRY | Export Value of Circuit Breaker in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 388 | 461 | 498 | 504 | 530 | 558 | 615 | 600 | 704 | 780 | 889 |
| Germany | 22.1 | 15.8 | 13.5 | 8.4 | 10.2 | 6.7 | 4.4 | 1.8 | 4.4 | 25.7 | 18.8 |
| Canada | 8.6 | 9.1 | 9.3 | 9.5 | 10.3 | 11.9 | 11.5 | 11.6 | 10.9 | 9.9 | 5.6 |
| Others | 12.8 | 9.7 | 8.1 | 7.9 | 10.5 | 9.0 | 9.2 | 8.0 | 5.3 | 7.5 | 6.2 |
| Total | 431 | 495 | 529 | 530 | 561 | 586 | 640 | 621 | 725 | 823 | 920 |
Exports by Country
the United States (31M units) was the main destination for circuit breaker exports from Mexico, with a 98% share of total exports. It was followed by Germany (414K units), with a 1.3% share of total exports.
From 2013 to 2023, the average annual growth rate of volume to the United States totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.3% per year) and Canada (-9.6% per year).
In value terms, the United States ($889M) remains the key foreign market for automatic circuit breakers exports from Mexico, comprising 97% of total exports. The second position in the ranking was held by Germany ($19M), with a 2% share of total exports.
From 2013 to 2023, the average annual growth rate of value to the United States stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.6% per year) and Canada (-4.2% per year).
Exports by Type
Automatic circuit breakers for under 1000 v (24M units) was the largest type of automatic circuit breakers exported from Mexico, with a 76% share of total exports. Moreover, automatic circuit breakers for under 1000 v exceeded the volume of the second product type, electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (7.5M units), threefold.
From 2013 to 2023, the average annual growth rate of the volume of automatic circuit breakers for under 1000 v exports stood at +3.1%. With regard to the other exported products, the following average annual rates of growth were recorded: electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (+9.8% per year) and electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (-6.7% per year).
In value terms, automatic circuit breakers for under 1000 v ($743M) remains the largest type of automatic circuit breakers exported from Mexico, comprising 81% of total exports. The second position in the ranking was taken by electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV ($172M), with a 19% share of total exports.
From 2013 to 2023, the average annual growth rate of the value of automatic circuit breakers for under 1000 v exports stood at +7.1%. With regard to the other exported products, the following average annual rates of growth were recorded: electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (+13.9% per year) and electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (-6.7% per year).
Export Prices by Country
In 2023, the circuit breaker price stood at $29 per unit (FOB, Mexico), surging by 25% against the previous year. Over the period under review, the export price recorded notable growth. The pace of growth appeared the most rapid in 2015 an increase of 75%. The export price peaked at $43 per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2013 to 2023, the rate of growth in terms of prices for the United States amounted to +3.8% per year.
This report provides an in-depth analysis of the circuit breaker 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 27121020 - Automatic circuit breakers
- Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
- Prodcom 27122250 - Automatic circuit breakers for a voltage . 1 kV and for a current > .63 A
- Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
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.
-
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
-
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
-
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
-
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
