Mexico: Automotive Lighting Market 2025

Automotive Lighting Market Size in Mexico

In 2021, the Mexican automotive lighting market increased by 16% to $X, rising for the third year in a row after four years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Automotive Lighting Production in Mexico

In value terms, automotive lighting production fell to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.0% against 2016 indices. The growth pace was the most rapid in 2013 when the production volume increased by 36% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted slightly in the following year.

Automotive Lighting Exports

Exports from Mexico

In 2021, shipments abroad of automotive lighting increased by 1.2% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 59%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, automotive lighting exports stood at $X in 2021. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 45% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for automotive lighting exports from Mexico, with a 87% share of total exports. Moreover, automotive lighting exports to the United States exceeded the volume sent to the second major destination, Brazil (X units), more than tenfold. The third position in this ranking was held by Canada (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+14.5% per year) and Canada (+23.1% per year).

In value terms, the United States ($X) remains the key foreign market for automotive lighting exports from Mexico, comprising 87% of total exports. The second position in the ranking was taken by Brazil ($X), with a 3.4% share of total exports. It was followed by Canada, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+24.1% per year) and Canada (+33.4% per year).

Export Prices by Country

In 2021, the average automotive lighting export price amounted to $X per unit, surging by 9.8% against the previous year. In general, the export price showed a resilient expansion. The growth pace was the most rapid in 2015 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to China ($X per unit) and the United States ($X per unit), while the average price for exports to Brazil ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Automotive Lighting Imports

Imports into Mexico

After two years of decline, supplies from abroad of automotive lighting increased by 30% to X units in 2021. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 59%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, automotive lighting imports soared to $X in 2021. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 49%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of automotive lighting imports to Mexico, together comprising 69% of total imports. These countries were followed by Canada, Taiwan (Chinese), South Korea and Germany, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +19.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest automotive lighting suppliers to Mexico were the United States ($X), China ($X) and Japan ($X), together accounting for 69% of total imports. These countries were followed by Canada, Taiwan (Chinese), South Korea and Germany, which together accounted for a further 21%.

Canada, with a CAGR of +16.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average automotive lighting import price amounted to $X per unit, waning by -6.2% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 14%. 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.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Canada ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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