Mexico: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Mexico

The Mexican market for pneumatic or hydraulic hand tools rose sharply to $X in 2021, growing by 11% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Pneumatic or hydraulic hand tool consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Mexico

In value terms, pneumatic or hydraulic hand tool production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 14%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Mexico

In 2021, shipments abroad of pneumatic or hydraulic hand tools decreased by -15.6% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 37%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports contracted to $X in 2021. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by 36% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Mexico, with a approx. 96% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -8.1%.

In value terms, the United States ($X) also remains the key foreign market for pneumatic or hydraulic hand tools exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -7.0%.

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, jumping by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.2% per year.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Mexico

In 2021, overseas purchases of pneumatic or hydraulic hand tools were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Mexico, accounting for a 59% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.4% per year) and Taiwan (Chinese) (+5.1% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Mexico, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.2% per year) and Taiwan (Chinese) (+3.7% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, dropping by -3.1% against the previous year. Over the period under review, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2016 an increase of 0.7%. The import price peaked at $X per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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