Mexico: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Mexico

The Mexican market for mechanical appliances for projecting, dispersing or spraying reached $X in 2022, stabilizing at the previous year. Overall, consumption continues to indicate pronounced growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Mexico

In value terms, production of mechanical appliances for projecting, dispersing or spraying stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a noticeable expansion. The growth pace was the most rapid in 2019 when the production volume increased by 67% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Mexico

In 2022, overseas shipments of mechanical appliances for projecting, dispersing or spraying decreased by -7.3% to X units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.4% 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 2013 with an increase of 43% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying contracted markedly to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 43%. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

The United States (X units) was the main destination for exports of mechanical appliances for projecting, dispersing or spraying from Mexico, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +5.6%.

In value terms, the United States ($X) also remains the key foreign market for mechanical appliances for projecting, dispersing or spraying exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +6.3%.

Export Prices by Country

The average export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, reducing by -11.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then fell 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 the United States amounted to +0.7% per year.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Mexico

In 2022, supplies from abroad of mechanical appliances for projecting, dispersing or spraying increased by 21% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a tangible increase. The pace of growth appeared the most rapid in 2015 when imports increased by 111%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying soared to $X in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 114% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Mexico, with a combined 80% share of total imports. Japan, Italy, Spain and South Korea lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +27.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest mechanical appliances for projecting, dispersing or spraying suppliers to Mexico, with a combined 80% share of total imports. Japan, Italy, Spain and South Korea lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, South Korea, with a CAGR of +29.4%, recorded 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

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, increasing by 8.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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