Mexico: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2025

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Mexico

The Mexican electric oven and cooker market fell modestly to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Electric oven and cooker consumption peaked at $X in 2021, and then fell in the following year.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Mexico

In value terms, electric oven and cooker production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 19% against the previous year. Electric oven and cooker production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Mexico

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -11.3% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 84%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electric oven and cooker exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for electric oven and cooker exports from Mexico, with a 86% share of total exports. Moreover, electric oven and cooker exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-4.9% per year) and Guatemala (+43.0% per year).

In value terms, the United States ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Mexico, comprising 90% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-2.1% per year) and Guatemala (+30.5% per year).

Export Prices by Country

In 2022, the average electric oven and cooker export price amounted to $X per unit, picking up by 31% against the previous year. Over the period under review, the export price posted temperate growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 82% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Mexico

In 2022, imports of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters into Mexico fell notably to X units, declining by -27.8% on the previous year. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, electric oven and cooker imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 97% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) was the main electric oven and cooker supplier to Mexico, with a 90% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.8% per year) and the United States (-14.2% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Mexico, comprising 80% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.3% per year) and the United States (+2.1% per year).

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, jumping by 25% against the previous year. In general, the import price posted significant growth. The pace of growth appeared the most rapid in 2019 an increase of 53%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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