Mexico: Swivel Seat Market 2024

Swivel Seat Market Size in Mexico

The Mexican swivel seat market contracted notably to $X in 2022, waning by -35.8% against the previous year. In general, consumption, however, saw a temperate expansion. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Swivel Seat Production in Mexico

In value terms, swivel seat production dropped to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.4% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 22%. Swivel seat production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Swivel Seat Exports

Exports from Mexico

In 2022, overseas shipments of swivel seats with variable height adjustments increased by 34% to X units, rising for the fourth consecutive year after four years of decline. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, swivel seat exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 46%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for swivel seat exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +7.6%.

In value terms, the United States ($X) also remains the key foreign market for swivel seats with variable height adjustments exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +7.7%.

Export Prices by Country

The average swivel seat export price stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 36%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.1% per year.

Swivel Seat Imports

Imports into Mexico

In 2022, purchases abroad of swivel seats with variable height adjustments decreased by -46.9% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of 157% against the previous year. As a result, imports reached the peak of X units, and then dropped significantly in the following year.

In value terms, swivel seat imports shrank notably to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 98%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) was the main swivel seat supplier to Mexico, with a 95% share of total imports. It was followed by the United States (X units), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.1% per year) and Taiwan (Chinese) (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of swivel seats with variable height adjustments to Mexico, comprising 83% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.1% per year) and Taiwan (Chinese) (-8.0% per year).

Import Prices by Country

In 2022, the average swivel seat import price amounted to $X per unit, picking up by 23% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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