Mexico: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Mexico

The Mexican snow motor vehicle market declined to $X in 2022, remaining stable against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.3% against 2019 indices. Snow motor vehicle consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Snow Motor Vehicle Production in Mexico

In value terms, snow motor vehicle production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Snow Motor Vehicle Exports

Exports from Mexico

In 2022, shipments abroad of motor vehicles for travelling on snow or golf cars decreased by 0% to X units, falling for the second year in a row after three years of decline. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2013 with an increase of 5.5% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, snow motor vehicle exports totaled $X in 2022. Over the period under review, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 28%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for snow motor vehicle exports from Mexico, accounting for a 28% share of total exports. Moreover, snow motor vehicle exports to the United States exceeded the volume sent to the second major destination, Canada (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -49.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-46.2% per year) and Russia (-45.5% per year).

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-49.5% per year) and Russia (-50.7% per year).

Export Prices by Country

The average snow motor vehicle export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.5%), while the prices for the other major destinations experienced a decline.

Snow Motor Vehicle Imports

Imports into Mexico

In 2022, the amount of motor vehicles for travelling on snow or golf cars imported into Mexico dropped modestly to X units, waning by -3.1% against the previous year's figure. In general, imports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, snow motor vehicle imports rose significantly to $X in 2022. Over the period under review, imports, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2014 when imports increased by 88%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest snow motor vehicle supplier to Mexico, with a 86% share of total imports. Moreover, snow motor vehicle imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -9.1%.

In value terms, the United States ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Mexico, comprising 91% of total imports. The second position in the ranking was held by China ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +2.5%.

Import Prices by Country

In 2022, the average snow motor vehicle import price amounted to $X per unit, rising by 15% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +12.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, snow motor vehicle import price increased by +11.1% against 2014 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 95%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :