Report Update Nov 1, 2024

Mexico - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Mexico

In 2021, after two years of decline, there was significant growth in the Mexican mechanical shovel and excavator market, when its value increased by 86% to $X. In general, consumption, however, saw a pronounced shrinkage. Mechanical shovel and excavator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Mexico

In 2021, exports of mechanical shovels, excavators and shovel loaders from Mexico shrank markedly to X units, dropping by -51.9% against 2020. Over the period under review, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 104% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports fell remarkably to $X in 2021. In general, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 96%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -30.1%.

In value terms, the United States ($X) also remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -34.1%.

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, approximately equating the previous year. Overall, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +15.8% per year.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Mexico

In 2021, purchases abroad of mechanical shovels, excavators and shovel loaders was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a noticeable downturn. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. In general, imports, however, saw a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of mechanical shovel and excavator to Mexico, accounting for a 62% share of total imports. Moreover, mechanical shovel and excavator imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. Brazil (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.3% per year) and Brazil (+5.7% per year).

In value terms, the United States ($X), China ($X) and Brazil ($X) constituted the largest mechanical shovel and excavator suppliers to Mexico, with a combined 75% share of total imports.

In terms of the main suppliers, China, with a CAGR of +18.7%, 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

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, shrinking by -11.5% against the previous year. In general, the import price showed a mild decline. The pace of growth was the most pronounced in 2015 an increase of 34%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mechanical shovels, excavators and shovel loaders in the world?

The countries with the highest volumes of in 2021 were South Africa, the United States and China, with a combined 80% share of global consumption.

What are the largest producers of mechanical shovels, excavators and shovel loaders in the world?

The United States constituted the country with the largest volume of mechanical shovel and excavator production, comprising approx. 55% of total volume. Moreover, mechanical shovel and excavator production in the United States exceeded the figures recorded by the second-largest producer, Japan, fourfold. China ranked third in terms of total production with a 9.6% share.

What are the leading suppliers of mechanical shovels, excavators and shovel loaders to Mexico?

In value terms, the United States constituted the largest supplier of mechanical shovel and excavator to Mexico, comprising 57% of total imports. The second position in the ranking was occupied by Japan, with a 7% share of total imports. It was followed by Germany, with a 5.8% share.

What are the leading importers of mechanical shovels, excavators and shovel loaders from Mexico?

In value terms, Brazil, the United States and Argentina were the largest markets for mechanical shovel and excavator exported from Mexico worldwide, together comprising 76% of total exports. These countries were followed by Canada, Italy and the Dominican Republic, which together accounted for a further 3.8%.

What is the average export price for mechanical shovels, excavators and shovel loaders in Mexico?

The average mechanical shovel and excavator export price stood at $35,634 per unit in 2021, which is down by -22% against the previous year.

What is the average import price for mechanical shovels, excavators and shovel loaders in Mexico?

The average mechanical shovel and excavator import price stood at $83,361 per unit in 2021, which is down by -1.7% against the previous year.

This report provides an in-depth analysis of the market for mechanical shovel and excavator in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28922530 - Loaders specially designed for underground use
Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
Prodcom 28922600 - Self-propelled bulldozers... with a .360
Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023