Mexico: Machinery For Packing Market 2024

Machinery For Packing Market Size in Mexico

The Mexican machinery for packing market rose remarkably to $X in 2022, growing by 9.1% 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). The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Exports

Exports from Mexico

In 2022, shipments abroad of machinery for packing or wrapping decreased by -17.6% to X units, falling for the second year in a row after four years of growth. In general, exports recorded a mild reduction. The pace of growth was the most pronounced in 2018 when exports increased by 61% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, machinery for packing exports plummeted to $X in 2022. Overall, exports recorded a pronounced downturn. The growth pace was the most rapid in 2018 when exports increased by 82%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for machinery for packing exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +4.7%.

In value terms, the United States ($X) also remains the key foreign market for machinery for packing or wrapping exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +3.7%.

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, reducing by -15.9% against the previous year. Overall, the export price recorded a slight setback. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then declined dramatically in the following year.

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 Chile amounted to -0.6% per year.

Machinery For Packing Imports

Imports into Mexico

In 2022, machinery for packing imports into Mexico reached X units, increasing by 12% compared with 2021 figures. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 42%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, machinery for packing imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), the United States (X units) and Germany (X units) were the main suppliers of machinery for packing imports to Mexico, with a combined 76% share of total imports. China, Spain, Switzerland, the Netherlands, Canada and Denmark lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +27.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing suppliers to Mexico were Italy ($X), the United States ($X) and Germany ($X), together comprising 76% of total imports. China, Spain, Switzerland, the Netherlands, Canada and Denmark lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Switzerland, with a CAGR of +25.5%, saw 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 machinery for packing import price amounted to $X per unit, which is down by -3.7% against the previous year. Over the period under review, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 6% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 Netherlands ($X per unit) and the United States ($X per unit), while the price for Italy ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :