Mexico: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Mexico

In 2022, the Mexican industrial sewing machines (non-automatic) market increased by 0.3% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.6% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Mexico

In 2022, exports of industrial sewing machines (non-automatic) from Mexico shrank to X units, which is down by -8% on the year before. Over the period under review, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 88%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) exports fell significantly to $X in 2022. Overall, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for industrial sewing machines (non-automatic) exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -25.3%.

In value terms, the United States ($X) also remains the key foreign market for industrial sewing machines (non-automatic) exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -24.0%.

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, waning by -11% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machines (non-automatic) export price increased by +45.5% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 106%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.7% per year.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Mexico

For the fifth consecutive year, Mexico recorded decline in overseas purchases of industrial sewing machines (non-automatic), which decreased by -4.1% to X units in 2022. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by 45%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports stood at $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 25% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Mexico, with a 86% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.7% per year) and the United States (-11.4% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Mexico, comprising 53% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.5% per year) and the United States (+3.2% per year).

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, picking up by 5.3% against the previous year. Over the period under review, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 24%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :