Mexico: Photo Camera Market 2024

Photo Camera Market Size in Mexico

For the third consecutive year, the Mexican photo camera market recorded decline in sales value, which decreased by 0% to $X in 2022. Overall, consumption, however, continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Photo Camera Production in Mexico

In value terms, photo camera production fell notably to $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 27%. Photo camera production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Photo Camera Exports

Exports from Mexico

Photo camera exports from Mexico totaled X units in 2022, approximately mirroring the previous year. Overall, exports saw a sharp decline. The pace of growth appeared the most rapid in 2014 when exports increased by 6,579% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, photo camera exports amounted to $X in 2022. Over the period under review, exports recorded a dramatic setback. The growth pace was the most rapid in 2014 with an increase of 904% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X units) was the main destination for photo camera exports from Mexico, accounting for a 87% share of total exports. Moreover, photo camera exports to Israel exceeded the volume sent to the second major destination, Indonesia (X units), more than tenfold. Japan (X units) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel stood at -22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-21.9% per year) and Japan (-52.9% per year).

In value terms, the largest markets for photo camera exported from Mexico were Israel ($X), Australia ($X) and the United States ($X), together comprising 87% of total exports. Indonesia, Japan, the Netherlands and Canada lagged somewhat behind, together accounting for a further 5%.

Indonesia, with a CAGR of -23.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average photo camera export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 6,629%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Indonesia ($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 Australia (+80.0%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Mexico

After three years of decline, purchases abroad of photographic (other than cinematographic) cameras increased by 204% to X units in 2022. Overall, imports, however, continue to indicate a precipitous decline. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, photo camera imports skyrocketed to $X in 2022. In general, imports, however, showed a precipitous contraction. The most prominent rate of growth was recorded in 2018 with an increase of 226% 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, China (X units) constituted the largest supplier of photo camera to Mexico, accounting for a 89% share of total imports. Moreover, photo camera imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-41.1% per year) and Hong Kong SAR (-50.9% per year).

In value terms, China ($X) constituted the largest supplier of photographic (other than cinematographic) cameras to Mexico, comprising 91% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.3% share of total imports. It was followed by Hong Kong SAR, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-37.4% per year) and Hong Kong SAR (-48.3% per year).

Import Prices by Country

In 2022, the average photo camera import price amounted to $X per unit, waning by -51.7% against the previous year. Overall, the import price, however, posted significant growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 142%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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