Mexico: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Mexico

In 2022, the Mexican wheeled dozer market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt slump. Wheeled dozer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wheeled Dozer Exports

Exports from Mexico

Wheeled dozer exports from Mexico skyrocketed to X units in 2014, growing by 18% against the previous year's figure. Over the period under review, total exports indicated a significant increase from 2012 to 2014: its volume increased at an average annual rate of +27.5% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2014 figures, exports increased by +62.5% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 38% against the previous year. The exports peaked in 2014 and are likely to continue growth in the near future.

In value terms, wheeled dozer exports shrank remarkably to $X in 2014. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 1.2%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

The United States (X units) was the main destination for wheeled dozer exports from Mexico, accounting for a 69% share of total exports. Moreover, wheeled dozer exports to the United States exceeded the volume sent to the second major destination, the Dominican Republic (X units), fivefold. Guatemala (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2014, the average annual rate of growth in terms of volume to the United States totaled +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (0.0% per year) and Guatemala (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for wheeled dozers exports from Mexico, comprising 75% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 19% share of total exports. It was followed by Belize, with a 5.5% share.

From 2012 to 2014, the average annual growth rate of value to the United States amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (0.0% per year) and Belize (-50.7% per year).

Export Prices by Country

In 2014, the average wheeled dozer export price amounted to $X per unit, declining by -38.5% against the previous year. In general, the export price continues to indicate a dramatic downturn. The pace of growth was the most pronounced in 2013 a decrease of -26.4%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2014, the export prices remained at a lower figure.

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

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-29.0%), while the prices for the other major destinations experienced a decline.

Wheeled Dozer Imports

Imports into Mexico

In 2022, purchases abroad of wheeled dozers decreased by 0% to X units, falling for the third consecutive year after four years of growth. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 164%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wheeled dozer imports totaled $X in 2022. Over the period under review, imports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2016 when imports increased by 308%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of wheeled dozer imports to Mexico, together comprising 53% of total imports. Spain, Canada, Belgium, the UK, Italy and Singapore lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheeled dozer suppliers to Mexico were the United States ($X), Japan ($X) and the UK ($X), together comprising 88% of total imports. Spain, Canada, China, Belgium, Italy and Singapore lagged somewhat behind, together accounting for a further 12%.

Singapore, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average wheeled dozer import price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price saw a deep slump. The growth pace was the most rapid in 2015 when the average import price increased by 67% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 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 UK ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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