Mexico: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Mexico

In 2021, the Mexican wood slicing machine market decreased by -63% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption saw a abrupt curtailment. Wood slicing machine consumption peaked at $X in 2020, and then declined dramatically in the following year.

Wood Slicing Machine Exports

Exports from Mexico

In 2021, exports of splitting, slicing or paring machines from Mexico surged to X units, jumping by 500% compared with 2020 figures. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood slicing machine exports surged to $X in 2021. Overall, exports showed perceptible growth. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for wood slicing machine exports from Mexico, accounting for a 72% share of total exports. Moreover, wood slicing machine exports to Chile exceeded the volume sent to the second major destination, South Africa (X units), sevenfold. The third position in this ranking was held by Malaysia (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and Malaysia (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for splitting, slicing or paring machines exports from Mexico, comprising 72% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by Chile, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +89.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and Chile (-1.1% per year).

Export Prices by Country

The average wood slicing machine export price stood at $X per unit in 2021, growing by 34% against the previous year. Over the period under review, the export price, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of 148%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+76.6%).

Wood Slicing Machine Imports

Imports into Mexico

After three years of growth, supplies from abroad of splitting, slicing or paring machines decreased by -52.8% to X units in 2021. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by 27% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wood slicing machine imports fell notably to $X in 2021. Over the period under review, imports, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 52% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood slicing machine to Mexico, accounting for a 75% share of total imports. Moreover, wood slicing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Japan (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.4% per year) and Japan (-4.4% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) appeared to be the largest wood slicing machine suppliers to Mexico, together comprising 33% of total imports.

Japan, with a CAGR of +6.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood slicing machine import price stood at $X per unit in 2021, with an increase of 3.7% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +10.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood slicing machine import price increased by +142.4% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 98% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+37.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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