Mexico: Starter Motor Market 2024

Starter Motor Market Size in Mexico

After two years of decline, the Mexican starter motor market increased by 37% to $X in 2021. Over the period under review, consumption, however, showed a noticeable decrease. Starter motor consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Starter Motor Production in Mexico

In value terms, starter motor production rose notably to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Starter Motor Exports

Exports from Mexico

Starter motor exports from Mexico fell to X units in 2021, with a decrease of -7.6% against the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 13% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, starter motor exports amounted to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by 17%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for starter motor exports from Mexico, accounting for a 96% share of total exports. It was followed by Canada (X units), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for starter motors and dual purpose starter generators exports from Mexico, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +1.8%.

Export Prices by Country

In 2021, the average starter motor export price amounted to $X per unit, growing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 16%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.8%).

Starter Motor Imports

Imports into Mexico

Starter motor imports into Mexico contracted to X units in 2021, dropping by -2.5% compared with the year before. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 7.4% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, starter motor imports rose modestly to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 10% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest starter motor supplier to Mexico, accounting for a 63% share of total imports. Moreover, starter motor imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Japan (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.2% per year) and Japan (+5.1% per year).

In value terms, the United States ($X) constituted the largest supplier of starter motors and dual purpose starter generators to Mexico, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.1% per year) and Japan (+8.8% per year).

Import Prices by Country

In 2021, the average starter motor import price amounted to $X per unit, picking up by 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :