Mexico: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Mexico

In 2021, the Mexican electronic material tester market increased by 31% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -32.2% against 2017 indices. Electronic material tester consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Electronic Material Tester Exports

Exports from Mexico

In 2021, overseas shipments of electronic machines and appliances for testing materials decreased by -14.6% to X units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 33%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, electronic material tester exports dropped slightly to $X in 2021. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electronic material tester exports from Mexico, with a 97% share of total exports. Moreover, electronic material tester exports to the United States exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -2.9%.

In value terms, the United States ($X) remains the key foreign market for electronic machines and appliances for testing materials exports from Mexico, comprising 97% of total exports. The second position in the ranking was held by Germany ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2021, the average electronic material tester export price amounted to $X per unit, increasing by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2020 an increase of 24% against the previous year. The export price peaked 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 country with the highest price was Germany ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into Mexico

In 2021, after three years of decline, there was significant growth in purchases abroad of electronic machines and appliances for testing materials, when their volume increased by 28% to X units. Overall, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% 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 decreased by -31.7% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 34% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, electronic material tester imports surged to $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 decreased by -32.6% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest electronic material tester supplier to Mexico, accounting for a 52% share of total imports. Moreover, electronic material tester imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by China (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.4% per year) and China (+16.3% per year).

In value terms, the United States ($X) constituted the largest supplier of electronic machines and appliances for testing materials to Mexico, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and China (+16.0% per year).

Import Prices by Country

In 2021, the average electronic material tester import price amounted to $X per unit, almost unchanged from the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 a decrease of -0.4% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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