Mexico: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Mexico

The Mexican electric soldering iron market declined slightly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, showed a significant increase. Electric soldering iron consumption peaked at $X in 2021, and then contracted in the following year.

Electric Soldering Iron Production in Mexico

In value terms, electric soldering iron production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Electric Soldering Iron Exports

Exports from Mexico

In 2022, approx. X units of electric soldering irons and guns were exported from Mexico; surging by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric soldering iron exports surged to $X in 2022. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electric soldering iron exports from Mexico, with a X% share of total exports. Moreover, electric soldering iron exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. The third position in this ranking was held by Guatemala (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Guatemala (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric soldering irons and guns exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

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

Export Prices by Country

The average electric soldering iron export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

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 the United States ($X per unit), while the average price for exports to Ecuador ($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 (X%), while the prices for the other major destinations experienced a decline.

Electric Soldering Iron Imports

Imports into Mexico

In 2022, purchases abroad of electric soldering irons and guns increased by X% to X units, rising for the fourth year in a row after four years of decline. Over the period under review, imports posted moderate growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electric soldering iron imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric soldering iron to Mexico, accounting for a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of electric soldering irons and guns to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average electric soldering iron import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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