Mexico: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Exports

Exports from Mexico

In 2022, after two years of growth, there was significant decline in overseas shipments of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, when their volume decreased by -13.3% to X units. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 122%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, confectionery-making industrial machinery exports dropped rapidly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 131% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for confectionery-making industrial machinery exports from Mexico, with a 58% share of total exports. Moreover, confectionery-making industrial machinery exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The United States (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+11.6% per year) and the United States (-6.7% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Mexico, comprising 77% of total exports. The second position in the ranking was held by the United States ($X), with a 9.6% share of total exports. It was followed by El Salvador, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.4% per year) and El Salvador (+26.0% per year).

Export Prices by Country

The average confectionery-making industrial machinery export price stood at $X per unit in 2022, shrinking by -2.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 20%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($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 the Netherlands (+126.7%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports into Mexico

In 2022, after two years of decline, there was significant growth in overseas purchases of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, when their volume increased by 97% to X units. Overall, imports, however, showed a deep slump. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports soared to $X in 2022. In general, imports, however, continue to indicate a deep reduction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of confectionery-making industrial machinery imports to Mexico, together comprising 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +6.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), the Netherlands ($X) and Italy ($X) were the largest confectionery-making industrial machinery suppliers to Mexico, together comprising 95% of total imports.

The United States, with a CAGR of +7.4%, saw the highest growth rate of the value of imports, among 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 confectionery-making industrial machinery import price stood at $X per unit in 2022, declining by -8.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and China ($X per unit), while the price for Spain ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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