Mexico: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Mexico

The Mexican metal vehicle lock market contracted sharply to $X in 2021, which is down by -34% against the previous year. In general, consumption showed a abrupt descent. Metal vehicle lock consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Vehicle Lock Production in Mexico

In value terms, metal vehicle lock production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 109%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Metal Vehicle Lock Exports

Exports from Mexico

In 2021, after two years of decline, there was significant growth in shipments abroad of base metal motor vehicle locks, when their volume increased by 42% to X tons. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 249% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal vehicle lock exports totaled $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 16% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for metal vehicle lock exports from Mexico, with a 88% share of total exports. Moreover, metal vehicle lock exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+4.8% per year) and China (+41.4% per year).

In value terms, the United States ($X) remains the key foreign market for base metal motor vehicle locks exports from Mexico, comprising 89% of total exports. The second position in the ranking was taken by Brazil ($X), with a 4.6% share of total exports. It was followed by China, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+7.1% per year) and China (+39.5% per year).

Export Prices by Country

The average metal vehicle lock export price stood at $X per ton in 2021, shrinking by -26.2% against the previous year. In general, the export price, however, showed a modest increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 225%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then contracted significantly in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the average price for exports to the UK ($X per ton) and Canada ($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 Brazil (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Mexico

In 2021, after three years of decline, there was significant growth in purchases abroad of base metal motor vehicle locks, when their volume increased by 8.8% to X tons. Over the period under review, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2014 when imports increased by 23%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal vehicle lock imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 23%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal vehicle lock imports to Mexico, together comprising 65% of total imports. Canada, South Korea, Germany, Thailand and Japan lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +38.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of base metal motor vehicle locks to Mexico, comprising 33% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Canada, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Canada (+17.6% per year).

Import Prices by Country

The average metal vehicle lock import price stood at $X per ton in 2021, increasing by 7.7% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2013 an increase of 7.9%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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