Report Update Nov 1, 2024

Mexico - Personal Weighing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Mexico

In 2022, after four years of growth, there was significant decline in the Mexican personal weighing machine market, when its value decreased by -38% to $X. Over the period under review, consumption, however, recorded a measured expansion. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Personal Weighing Machine Exports

Exports from Mexico

Personal weighing machine exports from Mexico soared to X units in 2022, growing by 130% compared with the previous year's figure. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 788%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, personal weighing machine exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 791% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for personal weighing machine exports from Mexico, with a 77% share of total exports. Moreover, personal weighing machine exports to the United States exceeded the volume sent to the second major destination, Guatemala (X units), fivefold. Costa Rica (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +53.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+4.0% per year) and Costa Rica (+43.5% per year).

In value terms, the United States ($X) remains the key foreign market for personal weighing machines exports from Mexico, comprising 89% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 9.3% share of total exports. It was followed by Costa Rica, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +52.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+12.8% per year) and Costa Rica (+34.5% per year).

Export Prices by Country

In 2022, the average personal weighing machine export price amounted to $X per unit, rising by 45% against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2016 an increase of 63%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per unit), while the average price for exports to Costa Rica ($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 El Salvador (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.

Personal Weighing Machine Imports

Imports into Mexico

In 2022, after four years of growth, there was significant decline in supplies from abroad of personal weighing machines, when their volume decreased by -20.1% to X units. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. As a result, imports attained the peak of X units, and then fell sharply in the following year.

In value terms, personal weighing machine imports shrank dramatically to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of personal weighing machine to Mexico, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.9%.

In value terms, China ($X) constituted the largest supplier of personal weighing machines to Mexico.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2022, the average personal weighing machine import price amounted to $X per unit, shrinking by -36.8% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for personal weighing machines in the world?

The countries with the highest volumes of in 2021 were South Africa, China and the United States, together comprising 59% of global consumption. India, Russia, Indonesia, Germany, Turkey, France, the UK, Japan and Brazil lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of personal weighing machines in the world?

China constituted the country with the largest volume of personal weighing machine production, comprising approx. 85% of total volume. Moreover, personal weighing machine production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Indonesia, with a 2.4% share.

What are the leading suppliers of personal weighing machines to Mexico?

In value terms, China constituted the largest supplier of personal weighing machine to Mexico.

What are the leading importers of personal weighing machines from Mexico?

In value terms, the largest markets for personal weighing machine exported from Mexico were the United States, Guatemala and Costa Rica, with a combined 97% share of total exports.

What is the average export price for personal weighing machines in Mexico?

In 2021, the average personal weighing machine export price amounted to $11 per unit, with an increase of 22% against the previous year.

What is the average import price for personal weighing machines in Mexico?

The average personal weighing machine import price stood at $3.8 per unit in 2021, which is down by -43.6% against the previous year.

This report provides an in-depth analysis of the personal weighing machine market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28293200 - Personal weighing machines, including baby scales, h ousehold scales

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023