Mexico: Capacitor Market 2025

Capacitor Market Size in Mexico

The Mexican capacitor market skyrocketed to $X in 2021, rising by 29% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Capacitor Production in Mexico

In value terms, capacitor production fell to $X in 2021 estimated in export price. In general, production, however, recorded notable growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 255% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Capacitor Exports

Exports from Mexico

In 2021, overseas shipments of electrical capacitors decreased by -3.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 286%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, capacitor exports reached $X in 2021. In general, exports, however, posted a modest increase. The pace of growth appeared the most rapid in 2014 when exports increased by 295% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for capacitor exports from Mexico, with a 94% share of total exports. It was followed by Brazil (X tons), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -2.3%.

In value terms, the United States ($X) remains the key foreign market for electrical capacitors exports from Mexico, comprising 96% of total exports. The second position in the ranking was held by Brazil ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +1.6%.

Export Prices by Country

The average capacitor export price stood at $X per ton in 2021, surging by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%).

Capacitor Imports

Imports into Mexico

In 2021, the amount of electrical capacitors imported into Mexico skyrocketed to X tons, jumping by 21% on the previous year's figure. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, capacitor imports soared to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of capacitor imports to Mexico, with a combined 72% share of total imports. These countries were followed by South Korea, Taiwan (Chinese), Malaysia, Indonesia, Thailand, Brazil, the Philippines and India, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +17.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest capacitor suppliers to Mexico were Japan ($X), China ($X) and the United States ($X), with a combined 71% share of total imports. These countries were followed by South Korea, Taiwan (Chinese), Malaysia, the Philippines, Thailand, Indonesia, Brazil and India, which together accounted for a further 23%.

The Philippines, with a CAGR of +31.0%, saw 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

The average capacitor import price stood at $X per ton in 2021, picking up by 9.7% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, capacitor import price increased by +57.4% against 2012 indices. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Philippines ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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