Mexico: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Mexico

For the fourth consecutive year, the Mexican appliance part brush market recorded growth in sales value, which increased by 4.4% to $X in 2022. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Appliance part brush consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Appliance Part Brush Production in Mexico

In value terms, appliance part brush production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 13%. Appliance part brush production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Appliance Part Brush Exports

Exports from Mexico

In 2022, shipments abroad of brushes constituting parts of appliances decreased by -8.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 14% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, appliance part brush exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The United States (X units) was the main destination for appliance part brush exports from Mexico, with a 89% share of total exports. It was followed by Guatemala (X units), with a 2.2% share of total exports.

From 2012 to 2022, 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: Guatemala (+13.6% per year) and Peru (+10.1% per year).

In value terms, the United States ($X) remains the key foreign market for brushes constituting parts of appliances exports from Mexico, comprising 89% of total exports. The second position in the ranking was held by Guatemala ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+15.0% per year) and Peru (+11.4% per year).

Export Prices by Country

The average appliance part brush export price stood at $X per unit in 2022, falling by -4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Appliance Part Brush Imports

Imports into Mexico

For the third consecutive year, Mexico recorded growth in overseas purchases of brushes constituting parts of appliances, which increased by 8.3% to X units in 2022. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, appliance part brush imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Malaysia (X units) were the main suppliers of appliance part brush imports to Mexico, together comprising 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +66.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Malaysia ($X) appeared to be the largest appliance part brush suppliers to Mexico, together comprising 75% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +67.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average appliance part brush import price stood at $X per unit in 2022, increasing by 5.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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