Mexico: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Mexico

The Mexican overhead travelling crane market surged to $X in 2022, growing by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a drastic downturn. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Overhead Travelling Crane Exports

Exports from Mexico

In 2022, the amount of overhead travelling cranes on fixed support exported from Mexico totaled X units, remaining relatively unchanged against 2021 figures. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 525%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, overhead travelling crane exports amounted to $X in 2022. In general, exports showed a noticeable curtailment. The growth pace was the most rapid in 2020 when exports increased by 1,690%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Guyana (X units) was the main destination for overhead travelling crane exports from Mexico, accounting for a 32% share of total exports. Moreover, overhead travelling crane exports to Guyana exceeded the volume sent to the second major destination, Colombia (X units), twofold. The United States (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guyana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+11.6% per year) and the United States (0.0% per year).

In value terms, Honduras ($X), the Dominican Republic ($X) and the United States ($X) constituted the largest markets for overhead travelling crane exported from Mexico worldwide, with a combined 71% share of total exports. Guyana, Canada, Costa Rica, Colombia, Spain, Guatemala and El Salvador lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Guyana, with a CAGR of +372.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2020 an increase of 170%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to El Salvador ($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 Guyana (+58.4%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into Mexico

In 2022, the amount of overhead travelling cranes on fixed support imported into Mexico surged to X units, picking up by 60% against the year before. Overall, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2015 with an increase of 283% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, overhead travelling crane imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2015 with an increase of 202% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest overhead travelling crane supplier to Mexico, accounting for a 75% share of total imports. Moreover, overhead travelling crane imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Canada (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.1% per year) and Canada (+35.6% per year).

In value terms, the United States ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Mexico, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Canada, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.8% per year) and Canada (+38.8% per year).

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, falling by -15.2% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 98% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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