Mexico - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImport of Lift and Hoist in Mexico Surges to $90M in 2023
Mexico Lift And Hoist Imports
In 2023, approx. 6K units of lifts and hoists were imported into Mexico; rising by 21% on the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the immediate term.
In value terms, lift and hoist imports skyrocketed to $90M (IndexBox estimates) in 2023. In general, total imports indicated a moderate expansion from 2013 to 2023: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +32.4% against 2021 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 32%. Over the period under review, imports reached the peak figure at $110M in 2016; however, from 2017 to 2023, imports remained at a lower figure.
| COUNTRY | Import Value of Lift And Hoist in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 20.4 | 25.6 | 30.5 | 43.5 | 44.3 | 49.4 | 50.4 | 37.6 | 38.2 | 45.0 | 46.1 |
| Spain | 19.6 | 28.3 | 25.4 | 35.7 | 28.8 | 30.8 | 21.3 | 10.8 | 9.9 | 13.9 | 18.2 |
| Italy | 5.4 | 6.5 | 8.5 | 8.4 | 8.8 | 0.5 | 0.8 | 5.8 | 4.6 | 3.1 | 11.1 |
| Brazil | N/A | N/A | 1.4 | 1.8 | 6.8 | 7.9 | 12.2 | 11.2 | 10.0 | 9.4 | 8.8 |
| United States | 3.1 | 3.6 | 6.6 | 3.7 | 3.0 | 3.1 | 3.3 | 1.6 | 5.0 | 3.2 | 4.7 |
| Germany | 3.5 | 5.2 | 5.3 | 12.3 | 3.1 | 3.2 | 1.8 | 3.1 | 0.3 | N/A | 0.6 |
| South Korea | 5.2 | 7.9 | 6.6 | 4.3 | 5.0 | 3.4 | 4.6 | 2.3 | N/A | N/A | 0.4 |
| Others | 1.3 | 0.5 | 0.6 | 0.8 | 0.4 | 0.6 | 1.4 | 0.8 | 0.1 | 0.5 | 0.2 |
| Total | 58.6 | 77.6 | 84.8 | 110 | 100 | 98.7 | 95.8 | 73.1 | 68.2 | 75.2 | 90.3 |
Imports by Country
In 2023, China (3.4K units) constituted the largest supplier of lift and hoist to Mexico, accounting for a 56% share of total imports. Moreover, lift and hoist imports from China exceeded the figures recorded by the second-largest supplier, Spain (806 units), fourfold. The third position in this ranking was held by the United States (796 units), with a 13% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.4% per year) and the United States (+14.4% per year).
In value terms, China ($46M) constituted the largest supplier of lifts and hoists to Mexico, comprising 51% of total imports. The second position in the ranking was taken by Spain ($18M), with a 20% share of total imports. It was followed by Italy, with a 12% share.
From 2013 to 2023, the average annual growth rate of value from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.7% per year) and Italy (+7.4% per year).
Import Prices by Country
In 2023, the lift and hoist price amounted to $15,124 per unit (CIF, Mexico), approximately mirroring the previous year. In general, import price indicated temperate growth from 2013 to 2023: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lift and hoist import price increased by +22.0% against 2021 indices. The pace of growth was the most pronounced in 2014 an increase of 42%. Over the period under review, average import prices reached the maximum at $22,011 per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($41,460 per unit), while the price for the United States ($5,957 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
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 2012–2024
- 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
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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 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
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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
