Mexico: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Mexico

In 2021, the Mexican steam blasting machine market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Steam Blasting Machine Production in Mexico

In value terms, steam blasting machine production skyrocketed to $X in 2021 estimated in export price. Overall, production enjoyed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 411% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Steam Blasting Machine Exports

Exports from Mexico

In 2021, shipments abroad of steam or sand blasting machines and similar jet-projecting machines was finally on the rise to reach X units for the first time since 2014, thus ending a six-year declining trend. In general, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 76%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, steam blasting machine exports contracted to $X in 2021. Over the period under review, exports, however, recorded a slight decline. The pace of growth appeared the most rapid in 2014 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for steam blasting machine exports from Mexico, accounting for a 79% share of total exports. Moreover, steam blasting machine exports to the United States exceeded the volume sent to the second major destination, Guatemala (X units), tenfold. The third position in this ranking was taken by Honduras (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+17.5% per year) and Honduras (+15.7% per year).

In value terms, the United States ($X) remains the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Mexico, comprising 95% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 2.3% share of total exports. It was followed by Colombia, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+21.1% per year) and Colombia (-2.5% per year).

Export Prices by Country

The average steam blasting machine export price stood at $X per unit in 2021, dropping by -21.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 46%. The export price peaked at $X per unit in 2020, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Honduras ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Mexico

In 2021, overseas purchases of steam or sand blasting machines and similar jet-projecting machines increased by 124% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, steam blasting machine imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest steam blasting machine supplier to Mexico, with a 53% share of total imports. Moreover, steam blasting machine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.4% per year) and Germany (+1.4% per year).

In value terms, China ($X), the United States ($X) and South Korea ($X) appeared to be the largest steam blasting machine suppliers to Mexico, with a combined 72% share of total imports. These countries were followed by Germany, Italy and Vietnam, which together accounted for a further 16%.

In terms of the main suppliers, Vietnam, with a CAGR of +200.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, falling by -34.8% against the previous year. In general, the import price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2017 an increase of 92%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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