Mexico: Industrial Bakery Machinery Market 2025

Industrial Bakery Machinery Exports

Exports from Mexico

Industrial bakery machinery exports from Mexico contracted to X units in 2022, waning by -9% on the previous year's figure. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 178%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial bakery machinery exports declined to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by 164%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for industrial bakery machinery exports from Mexico, with a 89% share of total exports. Moreover, industrial bakery machinery exports to the United States exceeded the volume sent to the second major destination, Guatemala (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-5.7% per year) and Honduras (-28.8% per year).

In value terms, the United States ($X) remains the key foreign market for industrial bakery machinery exports from Mexico, comprising 89% of total exports. The second position in the ranking was taken by Guatemala ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-6.3% per year) and Honduras (-29.2% per year).

Export Prices by Country

In 2022, the average industrial bakery machinery export price amounted to $X per unit, which is down by -6.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 9%. The export price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Honduras ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (-0.1%), while the prices for the other major destinations experienced a decline.

Industrial Bakery Machinery Imports

Imports into Mexico

Industrial bakery machinery imports into Mexico declined notably to X units in 2022, which is down by -28.7% on the previous year's figure. In general, imports, however, recorded modest growth. The pace of growth was the most pronounced in 2013 when imports increased by 119% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial bakery machinery imports fell rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2013 when imports increased by 119%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Italy (X units) and China (X units) were the main suppliers of industrial bakery machinery imports to Mexico, together comprising 81% of total imports. France, Germany, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +14.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and China ($X) appeared to be the largest industrial bakery machinery suppliers to Mexico, together comprising 81% of total imports. These countries were followed by France, Germany, Taiwan (Chinese) and the Netherlands, which together accounted for a further 17%.

France, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2022, declining by -5.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 1.1%. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

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 ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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