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Mexico - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Mexico - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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May 18, 2023

Motor Vehicle Engine Price in Mexico Increases 7%, Averaging $2,432 per Unit

Mexico Motor Vehicle Engine Export Price in January 2023

In January 2023, the motor vehicle engine price amounted to $2,432 per unit (FOB, Mexico), rising by 7.5% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in November 2022 an increase of 11% against the previous month. Over the period under review, the average export prices hit record highs in January 2023.

Average prices varied somewhat for the major export markets. In January 2023, the country with the highest price was Canada ($2,841 per unit), while the average price for exports to the United States stood at $2,217 per unit.

From February 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.5%).

COUNTRYExport Price of Motor Vehicle Engine in Mexico (USD per unit)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Canada2,4072,8362,6172,6612,591N/A2,5603,9922,1592,671N/A2,841
United States2,0881,9061,9752,0642,0262,0132,0342,0092,0422,1172,2632,217
Average2,1632,1462,2082,2262,2782,0132,1842,1732,0662,2942,2632,432

Mexico Motor Vehicle Engine Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In January 2023, the product with the highest price was engines ($2,510 per unit), while the average price for exports of engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc stood at $1,076 per unit.

From February 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for the following types: engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc (+1.4%), while the prices for the other product experienced more modest paces of growth.

Mexico Motor Vehicle Engine Exports

In January 2023, exports of motor vehicle engines (spark-ignition) from Mexico surged to 131K units, with an increase of 109% against the month before. Overall, exports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in November 2022 with an increase of 132% month-to-month. Over the period under review, the exports hit record highs at 224K units in February 2022; however, from March 2022 to January 2023, the exports remained at a lower figure.

In value terms, motor vehicle engine exports surged to $319M (IndexBox estimates) in January 2023. In general, exports, however, saw a noticeable contraction. The growth pace was the most rapid in November 2022 when exports increased by 157% month-to-month. Over the period under review, the exports attained the maximum at 485M units in February 2022; however, from March 2022 to January 2023, the exports remained at a lower figure.

Mexico Motor Vehicle Engine Exports by Type

Engines (124K units) was the largest type of motor vehicle engine exported from Mexico, with a 95% share of total exports. Moreover, engines exceeded the volume of the second product type, engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc (7.2K units), more than tenfold.

From February 2022 to January 2023, the average monthly rate of growth in terms of the volume of export of engines totaled -5.2%.

In value terms, engines ($312M) remains the largest type of motor vehicle engine exported from Mexico, comprising 98% of total exports. The second position in the ranking was taken by engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc ($7.8M), with a 2.4% share of total exports.

From February 2022 to January 2023, the average monthly growth rate of the export volume of engines totaled -3.9%.

Mexico Motor Vehicle Engine Exports by Country

the United States (86K units) and Canada (45K units) were the main destinations of motor vehicle engine exports from Mexico.

From February 2022 to January 2023, the biggest increases were in Canada (with a CAGR of -3.3%).

In value terms, the United States ($190M) and Canada ($127M) constituted the largest markets for motor vehicle engine exported from Mexico worldwide.

Canada, with a CAGR of -1.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
  • Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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