Mexico: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Mexico

After five years of decline, the Mexican non-numerically controlled drilling machine market increased by 91% to $X in 2021. Overall, consumption, however, faced a precipitous decline. Non-numerically controlled drilling machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Mexico

In 2021, after two years of growth, there was significant decline in shipments abroad of non-numerically controlled drilling machines for working metal, when their volume decreased by -85.4% to X tons. In general, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 192% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports shrank markedly to $X in 2021. Overall, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 222%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons), Ecuador (X tons) and the United States (X tons) were the main destinations of non-numerically controlled drilling machine exports from Mexico, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +49.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled drilling machine exported from Mexico were the United States ($X), India ($X) and Ecuador ($X), with a combined 70% share of total exports.

India, with a CAGR of +48.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Cuba ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Mexico

Non-numerically controlled drilling machine imports into Mexico totaled X tons in 2021, surging by 12% compared with 2020 figures. Overall, imports, however, faced a dramatic decrease. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports soared to $X in 2021. In general, imports, however, faced a dramatic setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Mexico, together accounting for 70% of total imports. These countries were followed by Canada, India, South Korea, Japan, Germany, Slovenia and France, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +8.4%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), the United States ($X) and Canada ($X) constituted the largest non-numerically controlled drilling machine suppliers to Mexico, with a combined 61% share of total imports. These countries were followed by India, Taiwan (Chinese), South Korea, Slovenia, Japan, Germany and France, which together accounted for a further 23%.

India, with a CAGR of +39.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 48%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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