Mexico: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Mexico

The Mexican dry-cleaning machine market expanded significantly to $X in 2021, with an increase of 12% against the previous year. Over the period under review, consumption saw a deep slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Dry-Cleaning Machine Production in Mexico

In value terms, dry-cleaning machine production stood at less than $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern.

Dry-Cleaning Machine Exports

Exports from Mexico

In 2021, exports of dry-cleaning machines from Mexico skyrocketed to X units, picking up by 360% against the year before. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dry-cleaning machine exports skyrocketed to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 313%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Trinidad and Tobago (X units) was the main destination for dry-cleaning machine exports from Mexico, accounting for a 78% share of total exports. Moreover, dry-cleaning machine exports to Trinidad and Tobago exceeded the volume sent to the second major destination, the Dominican Republic (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Trinidad and Tobago stood at +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (0.0% per year) and China (0.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for dry-cleaning machines exports from Mexico, comprising 56% of total exports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a 21% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+36.8% per year) and the United States (+4.3% per year).

Export Prices by Country

In 2021, the average dry-cleaning machine export price amounted to $X per unit, shrinking by -21.1% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 38% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Trinidad and Tobago ($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 the Dominican Republic (+751.7%), while the prices for the other major destinations experienced mixed trend patterns.

Dry-Cleaning Machine Imports

Imports into Mexico

In 2021, purchases abroad of dry-cleaning machines decreased by -54% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 55% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, dry-cleaning machine imports shrank notably to $X in 2021. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of dry-cleaning machine to Mexico, with a 48% share of total imports. Moreover, dry-cleaning machine imports from Spain exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.6% per year) and the United States (-29.8% per year).

In value terms, the largest dry-cleaning machine suppliers to Mexico were the United States ($X), Germany ($X) and Italy ($X), together comprising 24% of total imports.

Among the main suppliers, Germany, with a CAGR of +52.0%, recorded 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

In 2021, the average dry-cleaning machine import price amounted to $X per unit, increasing by 39% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry-cleaning machine import price increased by +81.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 39%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+61.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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