Mexico: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in Mexico

The Mexican metal deburring machine market shrank rapidly to $X in 2021, with a decrease of -30.1% 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). In general, consumption saw a abrupt decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Metal Deburring Machine Exports

Exports from Mexico

In 2021, overseas shipments of machines for deburring or polishing metal were finally on the rise to reach X units after three years of decline. In general, exports, however, faced a abrupt descent. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal deburring machine exports dropped significantly to $X in 2021. Overall, exports showed modest growth. The growth pace was the most rapid in 2015 when exports increased by 99% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X units), the United States (X units) and Guatemala (X units) were the main destinations of metal deburring machine exports from Mexico, together accounting for 84% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +11.1%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for machines for deburring or polishing metal exports from Mexico, comprising 91% of total exports. The second position in the ranking was taken by Colombia ($X), with a 3% share of total exports. It was followed by Costa Rica, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-2.1% per year) and Costa Rica (+1.3% per year).

Export Prices by Country

In 2021, the average metal deburring machine export price amounted to $X per unit, falling by -73.6% against the previous year. In general, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 252%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Deburring Machine Imports

Imports into Mexico

In 2021, overseas purchases of machines for deburring or polishing metal decreased by -8.2% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.8% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 59% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then dropped in the following year.

In value terms, metal deburring machine imports dropped significantly to $X in 2021. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 88% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and France (X units) were the main suppliers of metal deburring machine imports to Mexico, together accounting for 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +69.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest metal deburring machine suppliers to Mexico, together accounting for 47% of total imports. These countries were followed by Spain, France, Taiwan (Chinese), Switzerland, Thailand and Italy, which together accounted for a further 20%.

France, with a CAGR of +33.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal deburring machine import price stood at $X per unit in 2021, reducing by -47.1% against the previous year. In general, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 72%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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