Mexico - Industrial Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDecline in Mexico's Import of Industrial Sewing Machines to $7.9M in June 2023
Mexico Industrial Sewing Machine Imports
In June 2023, industrial sewing machine imports into Mexico contracted significantly to 10K units, waning by -18.9% compared with the month before. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 with an increase of 39% against the previous month. Imports peaked at 12K units in May 2023, and then fell markedly in the following month.
In value terms, industrial sewing machine imports dropped to $7.9M (IndexBox estimates) in June 2023. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when imports increased by 37% against the previous month. Over the period under review, imports reached the maximum at 8.8M units in May 2023, and then dropped in the following month.
| COUNTRY | Import Value of Industrial Sewing Machine in Mexico (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| China | 3.8 | 3.3 | 3.0 | 3.8 | 3.4 | 4.2 | 4.2 | 3.3 | 3.5 | 2.4 | 3.8 | 3.3 | 4.0 |
| Japan | 1.1 | 1.6 | 1.4 | 2.0 | 2.1 | 1.5 | 1.3 | 2.1 | 1.3 | 2.7 | 1.7 | 2.5 | 2.1 |
| Others | 2.3 | 1.8 | 1.7 | 2.7 | 1.6 | 1.1 | 2.0 | 2.0 | 0.6 | 1.1 | 2.0 | 3.0 | 1.9 |
| Total | 7.3 | 6.7 | 6.2 | 8.5 | 7.1 | 6.8 | 7.6 | 7.4 | 5.3 | 6.1 | 7.5 | 8.8 | 7.9 |
Imports by Country
In June 2023, China (8.7K units) constituted the largest supplier of industrial sewing machine to Mexico, with a 87% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (617 units), more than tenfold.
From June 2022 to June 2023, the average monthly growth rate of volume from China was relatively modest.
In value terms, the largest industrial sewing machine suppliers to Mexico were China ($4M) and Japan ($2.1M).
Japan, with a CAGR of +5.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.
Imports by Type
Industrial sewing machines (non-automatic) (5.5K units) and industrial automatic sewing machines (4.5K units) were the main products of industrial sewing machine imports to Mexico.
From June 2022 to June 2023, the biggest increases were in industrial automatic sewing machine (with a CAGR of +4.9%).
In value terms, the most traded types of industrial sewing machines in Mexico were industrial automatic sewing machines ($4.6M) and industrial sewing machines (non-automatic) ($3.3M).
Import Prices by Country
In June 2023, the industrial sewing machine price stood at $796 per unit (CIF, Mexico), rising by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in April 2023 an increase of 27% against the previous month. Over the period under review, average import prices reached the maximum at $884 per unit in October 2022; however, from November 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($3,378 per unit), while the price for China ($457 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the industrial sewing machine 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 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)
- Prodcom 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)
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
