Mexico: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Mexico

The Mexican gouges and chisels market declined slightly to $X in 2022, falling by -1.6% against the previous year. Over the period under review, consumption, however, recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gouges And Chisels Production in Mexico

In value terms, gouges and chisels production shrank modestly to $X in 2022 estimated in export price. In general, production showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 6%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gouges And Chisels Exports

Exports from Mexico

In 2022, gouges and chisels exports from Mexico fell remarkably to X tons, shrinking by -60.8% compared with the year before. In general, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 72%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, gouges and chisels exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 47%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for gouges and chisels exports from Mexico, accounting for a 92% share of total exports. It was followed by Cuba (X kg), with a 2.1% share of total exports. The third position in this ranking was held by El Salvador (X kg), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+4.9% per year) and El Salvador (-4.3% per year).

In value terms, the United States ($X) remains the key foreign market for planes, chisels and gouges for working wood exports from Mexico, comprising 92% of total exports. The second position in the ranking was held by Cuba ($X), with a 2.1% share of total exports. It was followed by El Salvador, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+11.3% per year) and El Salvador (+1.6% per year).

Export Prices by Country

The average gouges and chisels export price stood at $X per ton in 2022, picking up by 21% against the previous year. In general, the export price recorded a strong increase. The growth pace was the most rapid in 2015 an increase of 82% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per ton) and Cuba ($X per ton), while the average price for exports to the United States ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges And Chisels Imports

Imports into Mexico

In 2022, imports of planes, chisels and gouges for working wood into Mexico reduced to X tons, with a decrease of -8.9% against 2021. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, gouges and chisels imports fell to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X tons) was the main gouges and chisels supplier to Mexico, accounting for a 98% share of total imports. It was followed by the United States (X tons), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.2%.

In value terms, China ($X) constituted the largest supplier of planes, chisels and gouges for working wood to Mexico, comprising 98% of total imports. The second position in the ranking was held by the United States ($X), with a 0.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.3%.

Import Prices by Country

The average gouges and chisels import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 6.6%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States stood at $X per ton.

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

Source: IndexBox Platform

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