Mexico: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Mexico

The Mexican telephone apparatus market reduced to $X in 2022, shrinking by -11.3% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Telephone apparatus consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Telephone Apparatus Production in Mexico

In value terms, telephone apparatus production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 69%. Telephone apparatus production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Telephone Apparatus Exports

Exports from Mexico

In 2022, approx. X tons of telephone apparatus were exported from Mexico; picking up by 14% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, telephone apparatus exports rose rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for telephone apparatus exports from Mexico, with a 32% share of total exports. Moreover, telephone apparatus exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+5.3% per year) and the Netherlands (+3.5% per year).

In value terms, the United States ($X) remains the key foreign market for telephone apparatus exports from Mexico, comprising 75% of total exports. The second position in the ranking was held by Canada ($X), with a 5.5% share of total exports. It was followed by the Netherlands, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-0.9% per year) and the Netherlands (-2.3% per year).

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per ton, with an increase of 4.6% against the previous year. In general, the export price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and the United States ($X per ton), while the average price for exports to Canada ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.2%), while the prices for the other major destinations experienced a decline.

Telephone Apparatus Imports

Imports into Mexico

In 2022, overseas purchases of telephone apparatus increased by 1.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 129%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, telephone apparatus imports contracted to $X in 2022. In general, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest telephone apparatus supplier to Mexico, with a 36% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.6% per year) and Malaysia (+7.5% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Mexico, comprising 64% of total imports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total imports. It was followed by Vietnam, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.6% per year) and Vietnam (+41.1% per year).

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, growing by 11% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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