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Mexico - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights

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Dec 6, 2023

Import of Gear Boxes in Mexico Surges to $611M in August 2023

Mexico Gear Box Imports

In August 2023, imports of gear boxes into Mexico soared to 50M units, rising by 16% compared with July 2023 figures. The total import volume increased at an average monthly rate of +1.6% from August 2022 to August 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in February 2023 when imports increased by 43% m-o-m. Imports peaked at 56M units in June 2023; however, from July 2023 to August 2023, imports failed to regain momentum.

In value terms, gear box imports skyrocketed to $611M (IndexBox estimates) in August 2023. The total import value increased at an average monthly rate of +1.5% from August 2022 to August 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in February 2023 with an increase of 43% against the previous month. Over the period under review, imports attained the maximum at 640M units in June 2023; however, from July 2023 to August 2023, imports remained at a lower figure. Mexico Gear Box Imports By Country (Million USD)

COUNTRY	Import Value of Gear Box in Mexico (million USD)
COUNTRY	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023
United States	270	308	273	242	174	203	334	293	270	288	387	244	320
Germany	96.3	83.0	69.3	147	100	74.2	92.5	113	125	118	97.6	117	108
Japan	75.3	87.6	28.3	103	55.6	70.4	89.6	51.6	38.8	76.1	66.8	72.4	83.1
Canada	39.1	34.6	48.9	40.8	36.3	46.9	47.7	42.2	39.5	54.4	49.0	53.9	50.7
China	9.6	7.8	6.3	7.8	8.1	6.9	10.2	9.9	6.1	9.9	10.1	13.3	15.4
South Korea	7.8	10.8	9.3	11.3	7.9	8.1	11.9	10.5	8.2	8.1	9.1	8.9	10.9
Others	11.0	11.0	13.8	16.1	18.7	14.5	20.1	18.1	19.7	16.6	20.5	19.1	22.2
Total	509	543	449	568	401	424	606	538	508	570	640	529	611

Imports by Country

In August 2023, the United States (26M units) constituted the largest supplier of gear box to Mexico, with a 52% share of total imports. Moreover, gear box imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (8.8M units), threefold. The third position in this ranking was held by Japan (6.8M units), with a 14% share.

From August 2022 to August 2023, the average monthly growth rate of volume from the United States stood at +1.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+1.1% per month) and Japan (+0.9% per month).

In value terms, the United States ($320M) constituted the largest supplier of gear box to Mexico, comprising 52% of total imports. The second position in the ranking was held by Germany ($108M), with an 18% share of total imports. It was followed by Japan, with a 14% share.

From August 2022 to August 2023, the average monthly rate of growth in terms of value from the United States stood at +1.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+1.0% per month) and Japan (+0.8% per month).

Import Prices by Country

In August 2023, the gear box price amounted to $12.3 per unit (CIF, Mexico), remaining relatively unchanged against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 8.2% m-o-m. Over the period under review, average import prices attained the peak figure at $12.4 per unit in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were the United States ($12.3 per unit) and Canada ($12.3 per unit), while the price for China ($12.3 per unit) and South Korea ($12.3 per unit) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Mexico - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights

Import of Gear Boxes in Mexico Surges to $611M in August 2023

Mexico Gear Box Imports

Imports by Country

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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