Mexico: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Mexico

The Mexican off-highway dumper market dropped to $X in 2021, falling by -2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a drastic downturn. Off-highway dumper consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Off-Highway Dumper Exports

Exports from Mexico

In 2021, off-highway dumper exports from Mexico surged to X units, increasing by 72% against 2020 figures. Over the period under review, exports, however, saw a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 229%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, off-highway dumper exports soared to $X in 2021. In general, exports, however, faced a dramatic curtailment. The growth pace was the most rapid in 2020 with an increase of 189%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for off-highway dumper exports from Mexico, accounting for a 60% share of total exports. Moreover, off-highway dumper exports to Chile exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was held by Nicaragua (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Chile stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.0% per year) and Nicaragua (-29.1% per year).

In value terms, Chile ($X) remains the key foreign market for dumpers for off-highway use exports from Mexico, comprising 56% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Nicaragua, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.2% per year) and Nicaragua (-27.0% per year).

Export Prices by Country

In 2021, the average off-highway dumper export price amounted to $X per unit, waning by -3.9% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 33%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to El Salvador ($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 the United Arab Emirates (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Mexico

In 2021, the amount of dumpers for off-highway use imported into Mexico dropped to X units, waning by -6% against 2020. Overall, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 131% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, off-highway dumper imports expanded to $X in 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 152% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of off-highway dumper to Mexico, accounting for a 52% share of total imports. Moreover, off-highway dumper imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The UK (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+1.4% per year) and the UK (-22.5% per year).

In value terms, the United States ($X) constituted the largest supplier of dumpers for off-highway use to Mexico, comprising 56% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.8% share of total imports. It was followed by Sweden, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-17.3% per year) and Sweden (-5.8% per year).

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2021, picking up by 11% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, off-highway dumper import price decreased by -4.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 79% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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