Mexico: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Mexico

In 2021, the Mexican mounted piezo-electric crystals market increased by 39% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.7% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mounted Piezo-Electric Crystals Production in Mexico

In value terms, mounted piezo-electric crystals production reduced slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 2.2%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Mounted Piezo-Electric Crystals Exports

Exports from Mexico

After two years of growth, overseas shipments of mounted piezo-electric crystals decreased by -23.8% to X units in 2021. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 4,730%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mounted piezo-electric crystals exports fell rapidly to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 3,204%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

The United States (X units) was the main destination for mounted piezo-electric crystals exports from Mexico, with a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -8.8%.

In value terms, the United States ($X) also remains the key foreign market for mounted piezo-electric crystals exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +7.5%.

Export Prices by Country

The average mounted piezo-electric crystals export price stood at $X per unit in 2021, dropping by -43.4% against the previous year. In general, the export price, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 an increase of 86%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 the United States amounted to +17.4% per year.

Mounted Piezo-Electric Crystals Imports

Imports into Mexico

In 2021, supplies from abroad of mounted piezo-electric crystals increased by 39% to X units, rising for the second consecutive year after four years of decline. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 +47.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mounted piezo-electric crystals imports surged to $X in 2021. Over the period under review, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units) constituted the largest mounted piezo-electric crystals supplier to Mexico, with a 40% share of total imports. Moreover, mounted piezo-electric crystals imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Singapore (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.8% per year) and Singapore (+80.6% per year).

In value terms, Singapore ($X) constituted the largest supplier of mounted piezo-electric crystals to Mexico, comprising 57% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Singapore amounted to +84.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.8% per year) and China (-1.6% per year).

Import Prices by Country

In 2021, the average mounted piezo-electric crystals import price amounted to $X per thousand units, surging by 6.3% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounted piezo-electric crystals import price increased by +92.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per thousand units), while the price for the United States ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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