Mexico: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Mexico

The Mexican machine-tool for removing material market soared to $X in 2021, picking up by 45% against the previous year. Overall, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in Mexico

In value terms, machine-tool for removing material production fell to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Machine-tool for removing material production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Mexico

In 2021, overseas shipments of machine-tools for working any material by removal of material decreased by -34% to X units, falling for the second consecutive year after two years of growth. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports expanded notably to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of 40% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for machine-tool for removing material exports from Mexico, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -9.9%.

In value terms, the United States ($X) also remains the key foreign market for machine-tools for working any material by removal of material exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +10.2%.

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, jumping by 64% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +22.3% per year.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Mexico

In 2021, overseas purchases of machine-tools for working any material by removal of material were finally on the rise to reach X units after three years of decline. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Mexico, with a 84% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Japan (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.2% per year) and Japan (-3.9% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest machine-tool for removing material suppliers to Mexico, together comprising 70% of total imports.

In terms of the main suppliers, China, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, shrinking by -1.7% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for removing material import price increased by +56.7% against 2015 indices. The pace of growth appeared the most rapid in 2013 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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