Mexico: Laser Market 2024

Laser Market Size in Mexico

In 2021, the Mexican laser market increased by 0.3% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Laser Production in Mexico

In value terms, laser production reduced dramatically to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 102% against the previous year. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.

Laser Exports

Exports from Mexico

In 2021, overseas shipments of lasers, other than laser diodes increased by 247% to X units, rising for the second year in a row after two years of decline. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, laser exports soared to $X in 2021. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for laser exports from Mexico, with a 99% share of total exports. It was followed by Germany (X units), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +55.3%.

In value terms, the United States ($X) remains the key foreign market for laser exports from Mexico, comprising 99% of total exports. The second position in the ranking was held by Germany ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +24.4%.

Export Prices by Country

The average laser export price stood at $X per unit in 2021, shrinking by -14.4% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 11% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+20.6%), while the prices for the other major destinations experienced a decline.

Laser Imports

Imports into Mexico

In 2021, overseas purchases of lasers, other than laser diodes increased by 23% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of 53% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, laser imports surged to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of laser to Mexico, with a 56% share of total imports. Moreover, laser imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and Germany (+7.3% per year).

In value terms, China ($X) constituted the largest supplier of laser to Mexico, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.7% per year) and Germany (-6.1% per year).

Import Prices by Country

In 2021, the average laser import price amounted to $X per unit, increasing by 22% against the previous year. Over the period under review, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 45% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Malaysia ($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 UK (+35.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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