Mexico: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Mexico

In 2021, the Mexican market for in-hand motor grinders, sanders and planers decreased by -97.1% to $X, falling for the third year in a row after five years of growth. In general, consumption saw a precipitous shrinkage. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of In-Hand Motor Grinders, Sanders And Planers in Mexico

In value terms, production of in-hand motor grinders, sanders and planers reached $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 40% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Mexico

In 2021, shipments abroad of in-hand motor grinders, sanders and planers increased by 136% to X units, rising for the second year in a row after six years of decline. In general, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 59%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Mexico, accounting for a 95% share of total exports. It was followed by the Netherlands (X units), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +11.7%.

In value terms, the United States ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Mexico, comprising 96% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +15.7%.

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, falling by -37.7% against the previous year. Over the period under review, the export price, however, saw a notable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 98% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, 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 United States (+3.6%).

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Mexico

Imports of in-hand motor grinders, sanders and planers into Mexico surged to X units in 2021, growing by 27% against 2020 figures. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 33% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 30% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Mexico, with a 88% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.3% per year) and Vietnam (+159.1% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Mexico, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.0% per year) and Vietnam (+138.6% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, which is down by -3.3% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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