Mexico - Motors Of An Output Not Exceeding 37.5 W; Other Dc Motors And Dc Generators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico Sees a 3% Decrease in December 2023 DC Motor Exports, Totaling $141M
Mexico DC Motor Exports
In December 2023, the amount of DC motors exported from Mexico contracted to 8.9M units, falling by -7.5% against the previous month's figure. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when exports increased by 18% against the previous month. As a result, the exports attained the peak of 12M units. From September 2023 to December 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, DC motor exports reduced to $141M (IndexBox estimates) in December 2023. In general, exports saw a noticeable contraction. The growth pace was the most rapid in January 2023 with an increase of 31% m-o-m. The exports peaked at 304M units in February 2023; however, from March 2023 to December 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of DC Motor in Mexico (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| United States | 179 | 242 | 297 | 196 | 139 | 159 | 157 | 140 | 169 | 142 | 151 | 136 | 133 |
| Brazil | 6.3 | 3.9 | 2.6 | 4.7 | 3.0 | 4.2 | 3.1 | 4.9 | 4.4 | 3.8 | 3.7 | 3.2 | 2.8 |
| Canada | 3.2 | 2.1 | 2.9 | 3.6 | 2.6 | 3.1 | 4.2 | 3.3 | 4.6 | 3.2 | 3.2 | 3.6 | 2.5 |
| Others | 3.5 | 5.2 | 2.0 | 3.9 | 2.3 | 5.1 | 3.2 | 3.2 | 4.0 | 3.3 | 4.2 | 2.9 | 2.4 |
| Total | 192 | 253 | 304 | 208 | 147 | 171 | 167 | 151 | 182 | 152 | 162 | 145 | 141 |
Exports by Country
The United States (7.9M units) was the main destination for DC motor exports from Mexico, with a 89% share of total exports. Moreover, DC motor exports to the United States exceeded the volume sent to the second major destination, Canada (430K units), more than tenfold.
From December 2022 to December 2023, the average monthly rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (-1.8% per month) and Brazil (-4.2% per month).
In value terms, the United States ($133M) remains the key foreign market for DC motor exports from Mexico, comprising 94% of total exports. The second position in the ranking was taken by Brazil ($2.8M), with a 2% share of total exports.
From December 2022 to December 2023, the average monthly rate of growth in terms of value to the United States totaled -2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Brazil (-6.4% per month) and Canada (-1.8% per month).
Exports by Type
Electric motors (6.1M units) was the largest type of DC motor exported from Mexico, accounting for a 69% share of total exports. Moreover, electric motors exceeded the volume of the second product type, electric motors and generators (2.5M units), twofold. The third position in this ranking was taken by electric motors and generators (334K units), with a 3.8% share.
From December 2022 to December 2023, the average monthly growth rate of the volume of export of electric motors was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: electric motors and generators (-2.1% per month) and electric motors and generators (+1.0% per month).
In value terms, the most traded types of DC motors in Mexico were electric motors and generators ($67M), electric motors ($53M) and electric motors and generators ($20M), with a combined 99% share of total exports. These products were followed by electric motors and generators and electric motors and generators, which together accounted for a further 0.8%.
Electric motors and generators; DC, of an output exceeding 750W but not exceeding 75kW, with a CAGR of +1.4%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced mixed trend patterns.
Export Prices by Country
In December 2023, the dc motor price stood at $15.8 per unit (FOB, Mexico), surging by 4.7% against the previous month. Overall, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in January 2023 an increase of 41% against the previous month. Over the period under review, the average export prices hit record highs at $31.7 per unit in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($16.9 per unit), while the average price for exports to Canada ($5.9 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.0%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the dc motor market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27111010 - Electric motors of an output . .37,5 W (including synchronous motors . .18 W, universal AC/DC motors, AC and DC motors)
- Prodcom 27111030 - DC motors and generators of an output > .37,5 W but . .750 W (excluding starter motors for internal combustion engines)
- Prodcom 27111053 -
- Prodcom 27111055 -
- Prodcom 27111070 - DC motors and generators of an output > .75 kW but . .375 kW (excluding starter motors for internal combustion engines)
- Prodcom 27111090 - DC motors and generators of an output > .375 kW (excluding starter motors for internal combustion engines)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
