Mexico - In-Hand Motor Grinders, Sanders And Planers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico - 2024
Contents:
- Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico (FOB) - 2024
- Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico (CIF) - 2024
- Exports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico
- Imports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico
Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico (FOB) - 2024
The average export price for in-hand motor grinders, sanders and planers stood at $51.3 per unit in December 2023, growing by 4.5% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 34% against the previous month. As a result, the export price reached the peak level of $61.0 per unit. From October 2023 to December 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to December 2023, the rate of growth in terms of prices for Canada amounted to +1.8% per month.
Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico (CIF) - 2024
In December 2023, the average import price for in-hand motor grinders, sanders and planers amounted to $48.5 per unit, which is down by -2.4% against the previous month. Over the period from February 2023 to December 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in May 2023 an increase of 31% month-to-month. The import price peaked at $49.7 per unit in November 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($148 per unit), while the price for China ($28.2 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas shipments of in-hand motor grinders, sanders and planers, which increased by 0.9% to 15M units in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 137% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of in-hand motor grinders, sanders and planers reduced to $732M in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 49%. The exports peaked at $819M in 2021, and then declined in the following year.
| Export of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 327 | 493 | 801 | 701 | 28.9% |
| Canada | 18.2 | 29.6 | 7.1 | 21.6 | 5.9% |
| Others | 27.5 | 34.8 | 10.8 | 9.6 | -29.6% |
| Total | 373 | 557 | 819 | 732 | 25.2% |
Top Export Markets for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor from Mexico in 2022:
- United States (14.0M units)
- Canada (0.4M units)
Imports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico
In 2022, purchases abroad of in-hand motor grinders, sanders and planers decreased by -3.8% to 5.2M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports reached the peak of 5.4M units, and then contracted in the following year.
In value terms, imports of in-hand motor grinders, sanders and planers stood at $194M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 23%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 68.1 | 90.3 | 106 | 108 | 16.6% |
| United States | 20.6 | 19.7 | 23.4 | 24.8 | 6.4% |
| Vietnam | N/A | 0.7 | 8.8 | 11.4 | 303.6% |
| Germany | 6.5 | 5.7 | 6.7 | 6.1 | -2.1% |
| India | 0.2 | 0.9 | 1.2 | 4.6 | 184.4% |
| Others | 32.2 | 28.5 | 33.4 | 38.9 | 6.5% |
| Total | 128 | 146 | 179 | 194 | 14.9% |
Top Suppliers of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor to Mexico in 2022:
- China (4363.6K units)
- United States (325.5K units)
- Vietnam (258.3K units)
- India (109.9K units)
- Germany (13.9K units)
This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor 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:
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
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