Mexico: Industrial Robot Market 2024

Industrial Robot Market Size in Mexico

The Mexican industrial robot market soared to $X in 2021, surging by 27% against the previous year. Over the period under review, consumption enjoyed strong growth. Industrial robot consumption peaked in 2021 and is expected to retain growth in the immediate term.

Industrial Robot Production in Mexico

In value terms, industrial robot production contracted to $X in 2021 estimated in export price. Overall, production recorded a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 123% against the previous year. Industrial robot production peaked at $X in 2020, and then dropped in the following year.

Industrial Robot Exports

Exports from Mexico

In 2021, the amount of industrial robots for multiple uses exported from Mexico fell markedly to X units, declining by -53.7% on 2020. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 161% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial robot exports declined notably to $X in 2021. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 226% against the previous year. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

The United States (X units) was the main destination for industrial robot exports from Mexico, accounting for a 98% share of total exports. It was followed by China (X units), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -4.5%.

In value terms, the United States ($X) remains the key foreign market for industrial robots for multiple uses exports from Mexico, comprising 98% of total exports. The second position in the ranking was held by China ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +8.4%.

Export Prices by Country

In 2021, the average industrial robot export price amounted to $X per unit, increasing by 25% against the previous year. In general, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China stood at $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 (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Robot Imports

Imports into Mexico

In 2021, supplies from abroad of industrial robots for multiple uses was finally on the rise to reach X units after three years of decline. In general, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of 292% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, industrial robot imports expanded notably to $X in 2021. Overall, imports showed a tangible expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 340% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of industrial robot to Mexico, with a 39% share of total imports. Moreover, industrial robot imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The United States (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+23.4% per year) and the United States (-10.3% per year).

In value terms, Japan ($X) constituted the largest supplier of industrial robots for multiple uses to Mexico, comprising 40% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+35.2% per year) and the United States (-1.8% per year).

Import Prices by Country

In 2021, the average industrial robot import price amounted to $X per unit, rising by 12% against the previous year. Overall, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were France ($X per unit) and Austria ($X per unit), while the price for Denmark ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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