Mexico: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Mexico

In 2021, the Mexican market for parts of harvester and threshers decreased by -15.4% to $X, falling for the fifth consecutive year after five years of growth. Over the period under review, consumption recorded a mild downturn. Parts of harvester and threshers consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Parts Of Harvester And Threshers in Mexico

In value terms, parts of harvester and threshers production reached $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -29.7% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Parts Of Harvester And Threshers

Exports from Mexico

In 2021, overseas shipments of parts of harvester and threshers increased by 268% to X units, rising for the fifth consecutive year after three years of decline. In general, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Over the period under review, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for parts of harvester and threshers exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +19.0%.

In value terms, the United States ($X) also remains the key foreign market for parts of harvester and threshers exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +12.5%.

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, dropping by -46.3% against the previous year. Overall, the export price recorded a pronounced slump. The pace of growth appeared the most rapid in 2016 an increase of 83%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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 Brazil amounted to +24.8% per year.

Imports of Parts Of Harvester And Threshers

Imports into Mexico

In 2021, purchases abroad of parts of harvester and threshers increased by 121% to X units, rising for the fifth consecutive year after two years of decline. In general, imports showed a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of parts of harvester and threshers to Mexico, with a 83% share of total imports. Moreover, parts of harvester and threshers imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.4% per year) and Germany (-14.6% per year).

In value terms, the United States ($X) constituted the largest supplier of parts of harvester and threshers to Mexico, comprising 80% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Germany, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Germany (-12.2% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, shrinking by -43.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 203% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform