Mexico - Automatic Circuit Breakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico's Circuit Breaker Soars 22% to $15.8 per Unit Following Two Straight Months of Expansion.
Mexico Circuit Breaker Export Price in June 2023
In June 2023, the circuit breaker price amounted to $15.8 per unit (FOB, Mexico), surging by 22% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.9%. The most prominent rate of growth was recorded in July 2022 an increase of 26% against the previous month. Over the period under review, the average export prices hit record highs in June 2023.
Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was Germany ($17.6 per unit), while the average price for exports to the United States amounted to $15.7 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.2%).
| COUNTRY | Export Price of Circuit Breaker in Mexico (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Germany | 14.0 | 16.8 | 16.4 | N/A | N/A | 15.7 | N/A | N/A | N/A | 14.7 | 19.2 | 19.3 | 17.6 |
| United States | 8.5 | 10.8 | 10.3 | 10.9 | 10.8 | 11.5 | 10.9 | 12.7 | 12.3 | 12.9 | 12.5 | 12.7 | 15.7 |
| Average | 8.8 | 11.2 | 10.8 | 11.1 | 10.9 | 11.7 | 11.0 | 12.7 | 12.4 | 13.0 | 12.8 | 13.0 | 15.8 |
Mexico Circuit Breaker Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV ($103 per unit), while the average price for exports of electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts stood at $12.1 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for the following types: electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (+2.9%), while the prices for the other product experienced more modest paces of growth.
Mexico Circuit Breaker Exports
In June 2023, shipments abroad of automatic circuit breakers decreased by -16.6% to 4.9M units, falling for the third consecutive month after two months of growth. In general, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in December 2022 with an increase of 31% m-o-m. The exports peaked at 8M units in June 2022; however, from July 2022 to June 2023, the exports remained at a lower figure.
In value terms, circuit breaker exports totaled $77M (IndexBox estimates) in June 2023. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 33% month-to-month. As a result, the exports reached the peak of $90M. From April 2023 to June 2023, the growth of the exports failed to regain momentum.
Mexico Circuit Breaker Exports by Type
Electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts (4.7M units) was the largest type of circuit breaker exported from Mexico, with a 96% share of total exports. Moreover, electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts exceeded the volume of the second product type, electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (198K units), more than tenfold.
From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of export of electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts amounted to -4.4%.
In value terms, electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts ($56M) remains the largest type of circuit breaker exported from Mexico, comprising 73% of total exports. The second position in the ranking was held by electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV ($21M), with a 27% share of total exports.
From June 2022 to June 2023, the average monthly growth rate of the export volume of electrical apparatus; automatic circuit breakers, for a voltage not exceeding 1000 volts totaled -1.9%.
Mexico Circuit Breaker Exports by Country
the United States (4.5M units) was the main destination for circuit breaker exports from Mexico, accounting for a 93% share of total exports. Moreover, circuit breaker exports to the United States exceeded the volume sent to the second major destination, Germany (294K units), more than tenfold.
From June 2022 to June 2023, the average monthly growth rate of volume to the United States totaled -4.0%.
In value terms, the United States ($71M) remains the key foreign market for circuit breaker exports from Mexico, comprising 92% of total exports. The second position in the ranking was held by Germany ($5.2M), with a 6.7% share of total exports.
From June 2022 to June 2023, the average monthly rate of growth in terms of value to the United States was relatively modest.
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
