Mexico: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Mexico

In 2021, the Mexican agricultural product dryer market decreased by -81.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption faced a deep slump. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Agricultural Product Dryer Exports

Exports from Mexico

In 2021, exports of dryers for the treatment of agricultural products from Mexico surged to X units, with an increase of 36% compared with the previous year. Over the period under review, exports, however, faced a precipitous decline. The pace of growth appeared the most rapid in 2019 when exports increased by 213%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, agricultural product dryer exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 645%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Guatemala (X units) was the main destination for agricultural product dryer exports from Mexico, accounting for a 40% share of total exports. Moreover, agricultural product dryer exports to Guatemala exceeded the volume sent to the second major destination, Honduras (X units), threefold. The third position in this ranking was taken by Costa Rica (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (0.0% per year) and Costa Rica (0.0% per year).

In value terms, the United States ($X), Malaysia ($X) and Guatemala ($X) appeared to be the largest markets for agricultural product dryer exported from Mexico worldwide, with a combined 72% share of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +189.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, growing by 39% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 2,857%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($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 Venezuela (+15,720.4%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into Mexico

In 2021, approx. X units of dryers for the treatment of agricultural products were imported into Mexico; declining by -70.2% compared with 2020 figures. In general, imports recorded a sharp curtailment. The growth pace was the most rapid in 2019 when imports increased by 708% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, agricultural product dryer imports dropped notably to $X in 2021. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 717% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Denmark (X units) and Italy (X units) were the main suppliers of agricultural product dryer imports to Mexico, with a combined 69% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Brazil ($X) and Italy ($X) were the largest agricultural product dryer suppliers to Mexico, with a combined 43% share of total imports. These countries were followed by the United States, Uzbekistan, Spain, South Korea, France, China and Guatemala, which together accounted for a further 25%.

France, with a CAGR of +19.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 agricultural product dryer import price amounted to $X per unit, which is down by -16.8% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural product dryer import price increased by +72.9% against 2017 indices. The growth pace was the most rapid in 2018 when the average import price increased by 63%. The import price peaked at $X per unit in 2020, and then reduced markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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