Report Update Nov 1, 2024

Mexico - Power Tools - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Power Tool Market 2024

Power Tool Market Size in Mexico

The Mexican power tool market declined rapidly to $X in 2021, with a decrease of -81.8% against the previous year. Overall, consumption continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 4%. Power tool consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Power Tool Production in Mexico

In value terms, power tool production shrank dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell rapidly in the following year.

Power Tool Exports

Exports from Mexico

In 2021, shipments abroad of power tools increased by 141% to X units, rising for the third consecutive year after three years of decline. Overall, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, power tool exports surged to $X in 2021. In general, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for power tool exports from Mexico, accounting for a 96% share of total exports. It was followed by the Netherlands (X units), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +9.7%.

In value terms, the United States ($X) remains the key foreign market for power tools exports from Mexico, comprising 97% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +8.8%.

Export Prices by Country

The average power tool export price stood at $X per unit in 2021, waning by -39% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 35%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.9%).

Power Tool Imports

Imports into Mexico

In 2021, power tool imports into Mexico skyrocketed to X units, with an increase of 36% against 2020. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, power tool imports skyrocketed to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.6% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of power tool to Mexico, with a 86% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Brazil (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.9% per year) and Brazil (+8.9% per year).

In value terms, China ($X) constituted the largest supplier of power tools to Mexico, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Vietnam, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.3% per year) and Vietnam (+149.2% per year).

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, with a decrease of -11.7% against the previous year. Overall, the import price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2015 an increase of 20%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?

The countries with the highest volumes of power tool consumption in 2020 were China, United States and Russia, together comprising 47% of global consumption. Japan, Germany, France, the UK, Mexico, Canada, Brazil, Thailand, Australia and Italy lagged somewhat behind, together comprising a further 27%.

What are the largest producers of power tools in the world?

The country with the largest volume of power tool production was China, comprising approx. 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Mexico, more than tenfold. The third position in this ranking was occupied by Russia, with a 3.6% share.

What are the leading suppliers of power tools to Mexico?

In value terms, China constituted the largest supplier of power tool to Mexico, comprising 70% of total imports. The second position in the ranking was occupied by United States, with a 12% share of total imports. It was followed by Brazil, with a 2.4% share.

What are the leading importers of power tools from Mexico?

In value terms, United States remains the key foreign market for power tool exports from Mexico.

What is the average export price for power tools in Mexico?

In 2020, the average power tool export price amounted to $45 per unit, remaining stable against the previous year.

What is the average import price for power tools in Mexico?

The average power tool import price stood at $29 per unit in 2020, shrinking by -6.7% against the previous year.

This report provides an in-depth analysis of the power tool market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
Prodcom 28241123 - Electromechanical chainsaws
Prodcom 28241125 - Electromechanical circular saws
Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
Prodcom 28241133 -
Prodcom 28241135 -
Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
Prodcom 28241190 -

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023