Mexico: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Mexico

In 2021, the Mexican metal threading machine market increased by 148% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a mild slump. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Metal Threading Machine Exports

Exports from Mexico

For the fourth consecutive year, Mexico recorded decline in overseas shipments of threading or tapping machines for working metal, which decreased by -11.4% to X units in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 331% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal threading machine exports soared to $X in 2021. Overall, exports, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2013 with an increase of 464%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for metal threading machine exports from Mexico, with a 83% share of total exports. Moreover, metal threading machine exports to Germany exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The third position in this ranking was held by Venezuela (X units), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.7% per year) and Venezuela (+16.7% per year).

In value terms, Germany ($X) remains the key foreign market for threading or tapping machines for working metal exports from Mexico, comprising 82% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 5.9% share of total exports. It was followed by the United States, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+26.4% per year) and the United States (-19.0% per year).

Export Prices by Country

In 2021, the average metal threading machine export price amounted to $X per unit, with an increase of 49% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal threading machine export price decreased by -10.7% against 2019 indices. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Venezuela ($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 France (+97.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Mexico

In 2021, supplies from abroad of threading or tapping machines for working metal was finally on the rise to reach X units after two years of decline. In general, imports, however, saw a pronounced shrinkage. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal threading machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a mild decline. The growth pace was the most rapid in 2018 with an increase of 141%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Italy (X units) and China (X units) were the main suppliers of metal threading machine imports to Mexico, together comprising 63% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of threading or tapping machines for working metal to Mexico, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.8% per year) and Italy (-10.8% per year).

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, falling by -38% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 30%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Italy ($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 (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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