Mexico: Metal Hammer Market 2025

Metal Hammer Market Size in Mexico

In 2022, the Mexican metal hammer market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, the total consumption indicated a slight expansion 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, consumption decreased by -17.2% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Hammer Production in Mexico

In value terms, metal hammer production declined to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 14%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Metal Hammer Exports

Exports from Mexico

After three years of growth, overseas shipments of hammers and sledge hammers with working part of metal decreased by -32% to X tons in 2022. In general, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, metal hammer exports fell notably to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for metal hammer exports from Mexico, with a 87% share of total exports. Moreover, metal hammer exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. The Dominican Republic (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+19.8% per year) and the Dominican Republic (+5.8% per year).

In value terms, the United States ($X) remains the key foreign market for hammers and sledge hammers with working part of metal exports from Mexico, comprising 87% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 5.3% share of total exports. It was followed by the Dominican Republic, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+23.8% per year) and the Dominican Republic (+9.2% per year).

Export Prices by Country

The average metal hammer export price stood at $X per ton in 2022, rising by 20% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hammer export price decreased by -24.9% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per ton) and the United States ($X per ton), while the average price for exports to Peru ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Mexico

In 2022, metal hammer imports into Mexico skyrocketed to X tons, rising by 25% on the previous year. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 82% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal hammer imports reached $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 70%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal hammer to Mexico, accounting for a 77% share of total imports. Moreover, metal hammer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.3% per year) and Taiwan (Chinese) (-2.0% per year).

In value terms, China ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Mexico, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and Taiwan (Chinese) (-3.4% per year).

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2022, dropping by -8% against the previous year. In general, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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