Mexico: Computing Machinery Market 2024

Computing Machinery Market Size in Mexico

The Mexican computing machinery market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Computing machinery consumption peaked in 2021 and is expected to retain growth in the near future.

Computing Machinery Production in Mexico

In value terms, computing machinery production amounted to less than $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern.

Computing Machinery Exports

Exports from Mexico

In 2021, computing machinery exports from Mexico skyrocketed to X tons, picking up by 901% compared with 2020. Overall, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, computing machinery exports expanded significantly to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.6% against 2014 indices. The growth pace was the most rapid in 2018 when exports increased by 24% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for computing machinery exports from Mexico, with a 52% share of total exports. It was followed by Canada (X tons), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Mexico, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +6.6%.

Export Prices by Country

The average computing machinery export price stood at $X per ton in 2021, falling by -89.4% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 176% against the previous year. The export price peaked at $X per ton in 2020, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.4%).

Computing Machinery Imports

Imports into Mexico

In 2021, the amount of computing machinery and parts and accessories thereof imported into Mexico shrank remarkably to X tons, which is down by -35.6% compared with the previous year's figure. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2018 when imports increased by 8.1%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, computing machinery imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of computing machinery to Mexico, with a 81% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was held by Thailand (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.7% per year) and Thailand (+2.2% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Mexico, comprising 44% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Thailand, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+31.5% per year) and Thailand (+3.2% per year).

Import Prices by Country

The average computing machinery import price stood at $X per ton in 2021, growing by 77% against the previous year. Over the period under review, the import price saw a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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