Mexico: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in Mexico

The Mexican underground continuous-action elevator market totaled less than $X in 2021, flattening at the previous year. Overall, consumption saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the market value decreased by -10.1%. Underground continuous-action elevator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Underground Continuous-Action Elevator Production in Mexico

In value terms, underground continuous-action elevator production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Underground continuous-action elevator production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports from Mexico

In 2013, approx. X units of underground continuous-action elevators and conveyors were exported from Mexico; growing by 2,320% compared with the year before. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, underground continuous-action elevator exports skyrocketed to $X in 2013. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru (X units) was the main destination for underground continuous-action elevator exports from Mexico, with a 79% share of total exports. Moreover, underground continuous-action elevator exports to Peru exceeded the volume sent to the second major destination, Jamaica (X units), fivefold. The third position in this ranking was held by the United States (X units), with a 2.2% share.

From 2012 to 2013, the average annual growth rate of volume to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (0.0% per year) and the United States (-16.9% per year).

In value terms, Peru ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from Mexico, comprising 82% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 13% share of total exports. It was followed by the United States, with a 3.6% share.

From 2012 to 2013, the average annual rate of growth in terms of value to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (0.0% per year) and the United States (+29.0% per year).

Export Prices by Country

In 2013, the average underground continuous-action elevator export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a mild downturn. The export price peaked at $X per unit in 2012, and then declined 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 ($X per unit), while the average price for exports to Jamaica ($X per unit) was amongst the lowest.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+55.1%).

Underground Continuous-Action Elevator Imports

Imports into Mexico

In 2019, the amount of underground continuous-action elevators and conveyors imported into Mexico soared to X units, growing by 1,054% against 2018. Overall, imports, however, showed a sharp descent. Imports peaked at X units in 2012; however, from 2013 to 2019, imports failed to regain momentum.

In value terms, underground continuous-action elevator imports surged to $X in 2019. Over the period under review, imports, however, continue to indicate a dramatic shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the United States (X units) constituted the largest supplier of underground continuous-action elevator to Mexico, accounting for a 65% share of total imports. Moreover, underground continuous-action elevator imports from the United States exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The third position in this ranking was held by Poland (X units), with a 4.9% share.

From 2012 to 2019, the average annual growth rate of volume from the United States stood at -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-26.6% per year) and Poland (-40.3% per year).

In value terms, the United States ($X) constituted the largest supplier of underground continuous-action elevators and conveyors to Mexico, comprising 69% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Poland, with a 4.7% share.

From 2012 to 2019, the average annual rate of growth in terms of value from the United States stood at -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-25.3% per year) and Poland (-40.9% per year).

Import Prices by Country

The average underground continuous-action elevator import price stood at $X per unit in 2019, rising by 6.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Italy (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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