Mexico: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Mexico

In 2021, the Mexican panel display manufacturing machine market increased by 272% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption posted significant growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Machines For The Manufacture Of Flat Panel Displays in Mexico

In value terms, panel display manufacturing machine production contracted to $X in 2021 estimated in export price. Overall, production saw a deep reduction. The growth pace was the most rapid in 2015 with an increase of 205%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Mexico

Panel display manufacturing machine exports from Mexico contracted modestly to X units in 2021, reducing by -2.8% against 2020 figures. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 30,500%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine exports reached $X in 2021. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 42,258%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for panel display manufacturing machine exports from Mexico, accounting for a 94% share of total exports. It was followed by the United States (X units), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-14.5% per year) and Ecuador (-18.2% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for panel display manufacturing machine exports from Mexico, comprising 90% of total exports. The second position in the ranking was taken by the United States ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) amounted to +110.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+45.3% per year) and Ecuador (-6.7% per year).

Export Prices by Country

The average panel display manufacturing machine export price stood at $X per unit in 2021, with an increase of 11% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 79%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Ecuador ($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 the United States (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Mexico

Panel display manufacturing machine imports into Mexico skyrocketed to X units in 2021, with an increase of 194% on the year before. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 326%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, panel display manufacturing machine imports skyrocketed to $X in 2021. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main panel display manufacturing machine supplier to Mexico, with a 91% share of total imports. Moreover, panel display manufacturing machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +72.0%.

In value terms, China ($X) constituted the largest supplier of panel display manufacturing machine to Mexico, comprising 95% of total imports. The second position in the ranking was held by South Korea ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +91.5%.

Import Prices by Country

The average panel display manufacturing machine import price stood at $X per unit in 2021, growing by 86% against the previous year. Overall, the import price, however, saw a mild decline. The pace of growth was the most pronounced in 2018 an increase of 149%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for South Korea totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :