Mexico: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Mexico

The Mexican stone sawing machine market contracted modestly to $X in 2021, reducing by -2.9% 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 showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Stone Sawing Machine Exports

Exports from Mexico

For the third year in a row, Mexico recorded growth in shipments abroad of sawing machines for working stone, ceramics and concrete, which increased by 9.1% to X units in 2021. Overall, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 322%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, stone sawing machine exports soared to $X in 2021. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 390% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for stone sawing machine exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -13.9%.

In value terms, the United States ($X) also remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -9.4%.

Export Prices by Country

In 2021, the average stone sawing machine export price amounted to $X per unit, surging by 13% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stone sawing machine export price increased by +17.8% against 2016 indices. The growth pace was the most rapid in 2016 when the average export price increased by 34% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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 the United States amounted to +5.2% per year.

Stone Sawing Machine Imports

Imports into Mexico

In 2021, overseas purchases of sawing machines for working stone, ceramics and concrete were finally on the rise to reach X units after two years of decline. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 52% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, stone sawing machine imports shrank remarkably to $X in 2021. Over the period under review, imports, however, showed a slight descent. The pace of growth was the most pronounced in 2016 with an increase of 59% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main stone sawing machine supplier to Mexico, accounting for a 94% share of total imports. It was followed by the United States (X units), with a 2.5% share of total imports. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.2% per year) and Taiwan (Chinese) (+3.1% per year).

In value terms, China ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Mexico, comprising 65% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Spain, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.5% per year) and Spain (-14.5% per year).

Import Prices by Country

The average stone sawing machine import price stood at $X per unit in 2021, dropping by -32.3% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 5% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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