Mexico: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Mexico

In 2022, the Mexican electrical signalling apparatus market increased by 16% to $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption saw a perceptible decline. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Production in Mexico

In value terms, electrical signalling apparatus production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 53%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports from Mexico

In 2022, shipments abroad of electrical apparatus for sound or visual signalling decreased by -63.7% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 262% against the previous year. As a result, the exports reached the peak of X units, and then reduced sharply in the following year.

In value terms, electrical signalling apparatus exports soared to $X in 2022. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 88%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for electrical signalling apparatus exports from Mexico, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +7.2%.

In value terms, the United States ($X) also remains the key foreign market for electrical apparatus for sound or visual signalling exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +20.1%.

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, rising by 269% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 287% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +12.0% per year.

Electrical Signalling Apparatus Imports

Imports into Mexico

Electrical signalling apparatus imports into Mexico reduced remarkably to X units in 2022, which is down by -27.1% against the previous year. In general, imports showed a pronounced decline. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, electrical signalling apparatus imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical signalling apparatus supplier to Mexico, with a 56% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by South Korea (X units), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.1% per year) and South Korea (+18.6% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) appeared to be the largest electrical signalling apparatus suppliers to Mexico, together comprising 89% of total imports. South Korea, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 2.7%.

In terms of the main suppliers, India, with a CAGR of +42.5%, 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 2022, the average electrical signalling apparatus import price amounted to $X per unit, rising by 49% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical signalling apparatus import price increased by +82.8% against 2013 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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