Mexico: Seeder And Planter Market 2024

Seeder And Planter Market Size in Mexico

For the third consecutive year, the Mexican seeder and planter market recorded decline in sales value, which decreased by -17.8% to $X in 2021. In general, consumption saw a pronounced downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Seeder And Planter Production in Mexico

In value terms, seeder and planter production fell slightly to $X in 2021 estimated in export price. In general, production, however, showed a deep reduction. The growth pace was the most rapid in 2018 with an increase of 5.2%. Seeder and planter production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Seeder And Planter Exports

Exports from Mexico

In 2020, seeder and planter exports from Mexico soared to X units, rising by 32% against 2019 figures. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 231% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, seeder and planter exports skyrocketed to $X in 2020. In general, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 160%. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for seeder and planter exports from Mexico, with a 94% share of total exports. Moreover, seeder and planter exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United States stood at +18.4%.

In value terms, the United States ($X) remains the key foreign market for seeders, planters, transplanters exports from Mexico, comprising 94% of total exports. The second position in the ranking was held by Colombia ($X), with a 5.9% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States amounted to +9.8%.

Export Prices by Country

In 2020, the average seeder and planter export price amounted to $X per unit, rising by 26% against the previous year. In general, the export price, however, showed a deep slump. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Colombia amounted to $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+3.9%), while the prices for the other major destinations experienced a decline.

Seeder And Planter Imports

Imports into Mexico

In 2020, purchases abroad of seeders, planters, transplanters decreased by -25.5% to X units for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports saw a perceptible curtailment. The growth pace was the most rapid in 2015 when imports increased by 40% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2020, the growth of imports failed to regain momentum.

In value terms, seeder and planter imports shrank notably to $X in 2020. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by 30%. As a result, imports reached the peak of $X. From 2016 to 2020, the growth of imports remained at a lower figure.

Imports by Country

In 2020, the United States (X units) constituted the largest supplier of seeder and planter to Mexico, with a 71% share of total imports. Moreover, seeder and planter imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. China (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from the United States stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.5% per year) and China (+20.8% per year).

In value terms, the United States ($X) constituted the largest supplier of seeders, planters, transplanters to Mexico, comprising 71% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2020, the average annual rate of growth in terms of value from the United States amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.7% per year) and China (+14.5% per year).

Import Prices by Country

The average seeder and planter import price stood at $X per unit in 2020, dropping by -7.7% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 5.8% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2020, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Italy ($X per unit), while the price for China ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by France (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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