Mexico: Concrete Mixer Market 2024

Concrete Mixer Market Size in Mexico

For the fourth consecutive year, the Mexican concrete mixer market recorded growth in sales value, which increased by 1.3% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. Concrete mixer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Concrete Mixer Production in Mexico

In value terms, concrete mixer production stood at $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Concrete Mixer Exports

Exports from Mexico

In 2021, overseas shipments of concrete or mortar mixers decreased by -9.5% to X units, falling for the second year in a row after four years of growth. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 79%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, concrete mixer exports soared to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 36%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for concrete mixer exports from Mexico, accounting for a 89% share of total exports. Moreover, concrete mixer exports to the United States exceeded the volume sent to the second major destination, El Salvador (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+22.9% per year) and Guatemala (+9.3% per year).

In value terms, the United States ($X) remains the key foreign market for concrete or mortar mixers exports from Mexico, comprising 92% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+12.5% per year) and Guatemala (+8.8% per year).

Export Prices by Country

The average concrete mixer export price stood at $X per unit in 2021, picking up by 39% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per unit), while the average price for exports to El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-0.4%), while the prices for the other major destinations experienced a decline.

Concrete Mixer Imports

Imports into Mexico

In 2021, supplies from abroad of concrete or mortar mixers decreased by -26.6% to X units, falling for the fourth year in a row after three years of growth. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 79%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, concrete mixer imports dropped sharply to $X in 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 59%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of concrete mixer to Mexico, accounting for a 60% share of total imports. Moreover, concrete mixer imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. The United States (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.0% per year) and the United States (-30.3% per year).

In value terms, the largest concrete mixer suppliers to Mexico were Spain ($X), China ($X) and the United States ($X), together comprising 75% of total imports.

In terms of the main suppliers, China, with a CAGR of +10.6%, saw the highest growth rate of 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

In 2021, the average concrete mixer import price amounted to $X per unit, reducing by -24.7% against the previous year. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 48%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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