Mexico: Hand Stamp Market 2024

Hand Stamp Market Size in Mexico

The Mexican hand stamp market was estimated at $X in 2022, growing by 11% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hand Stamp Production in Mexico

In value terms, hand stamp production amounted to $X in 2022 estimated in export price. In general, production, however, showed a pronounced slump. The growth pace was the most rapid in 2018 when the production volume increased by 86%. Hand stamp production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hand Stamp Exports

Exports from Mexico

In 2022, the amount of stamps for use in the hand exported from Mexico dropped remarkably to X units, shrinking by -85.7% on the previous year's figure. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 439%. As a result, the exports attained the peak of X units, and then contracted sharply in the following year.

In value terms, hand stamp exports fell sharply to $X in 2022. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 337% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United States (X units) was the main destination for hand stamp exports from Mexico, with a 78% share of total exports. Moreover, hand stamp exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-8.2% per year) and Guatemala (-19.3% per year).

In value terms, the United States ($X) remains the key foreign market for stamps for use in the hand exports from Mexico, comprising 77% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-8.9% per year) and Guatemala (-23.3% per year).

Export Prices by Country

The average hand stamp export price stood at $X per unit in 2022, declining by -22.7% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Guatemala ($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 Chile (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Mexico

In 2022, purchases abroad of stamps for use in the hand increased by 23% to X units, rising for the second year in a row after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, hand stamp imports soared to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest hand stamp supplier to Mexico, with a 65% share of total imports. Moreover, hand stamp imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), fourfold. The third position in this ranking was held by Japan (X units), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.4% per year) and Japan (+5.5% per year).

In value terms, Austria ($X), China ($X) and Japan ($X) constituted the largest hand stamp suppliers to Mexico, with a combined 69% share of total imports.

Japan, with a CAGR of +4.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average hand stamp import price stood at $X per unit in 2022, waning by -3% against the previous year. In general, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 6.9% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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