Mexico: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Mexico

The Mexican market for machine-tools for working stone, ceramics, and concrete skyrocketed to $X in 2022, increasing by 151% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Mexico

In 2022, overseas shipments of machine-tools for working stone, ceramics, and concrete decreased by -2.6% to X units, falling for the second year in a row after two years of growth. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 86%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine tools for working stone exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by 99%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for machine tools for working stone exports from Mexico, accounting for a 57% share of total exports. Moreover, machine tools for working stone exports to the United States exceeded the volume sent to the second major destination, Guatemala (X units), threefold. The third position in this ranking was held by El Salvador (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+14.3% per year) and El Salvador (+8.5% per year).

In value terms, the United States ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Mexico, comprising 57% of total exports. The second position in the ranking was held by Guatemala ($X), with a 17% share of total exports. It was followed by El Salvador, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+13.4% per year) and El Salvador (+7.7% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, declining by -14.2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 24%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per unit) and the United States ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) and El Salvador ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Mexico

In 2022, imports of machine-tools for working stone, ceramics, and concrete into Mexico surged to X units, increasing by 144% compared with the year before. Over the period under review, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine tools for working stone imports soared to $X in 2022. In general, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), the United States (X units) and China (X units) were the main suppliers of machine tools for working stone imports to Mexico, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tools for working stone suppliers to Mexico were Italy ($X), the United States ($X) and China ($X), together accounting for 99% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +21.7%, recorded the highest rates of growth with regard to 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 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, remaining stable against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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