Mexico: Memories Market 2025

Memories Market Size in Mexico

In 2021, the Mexican memories market decreased by -37.2% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Memories Exports

Exports from Mexico

In 2021, after four years of growth, there was significant decline in overseas shipments of multichip integrated circuits: memories, when their volume decreased by -36% to X units. Overall, exports, however, saw noticeable growth. The pace of growth was the most pronounced in 2020 with an increase of 76%. As a result, the exports reached the peak of X units, and then reduced sharply in the following year.

In value terms, memories exports dropped remarkably to $X in 2021. Over the period under review, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

The United States (X units) was the main destination for memories exports from Mexico, accounting for a 71% share of total exports. Moreover, memories exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), sixfold. The third position in this ranking was taken by Hungary (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+36.3% per year) and Hungary (-3.4% per year).

In value terms, the United States ($X) remains the key foreign market for multichip integrated circuits: memories exports from Mexico, comprising 65% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 15% share of total exports. It was followed by Hungary, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+32.8% per year) and Hungary (-6.0% per year).

Export Prices by Country

The average memories export price stood at $X per unit in 2021, waning by -27.6% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 96%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to China ($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 Brazil (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Memories Imports

Imports into Mexico

In 2021, purchases abroad of multichip integrated circuits: memories decreased by -1.4% to X units, falling for the second year in a row after four years of growth. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, memories imports dropped dramatically to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 24%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Malaysia (X units) were the main suppliers of memories imports to Mexico, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest memories suppliers to Mexico were Taiwan (Chinese) ($X), China ($X) and South Korea ($X), with a combined 57% share of total imports. These countries were followed by the Philippines, Malaysia, the United States, Thailand and Japan, which together accounted for a further 39%.

In terms of the main suppliers, the Philippines, with a CAGR of +14.5%, saw the highest rates of growth with regard to 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 memories import price amounted to $X per unit, with a decrease of -37.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 72%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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