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Mexico - Domestic, Non-Electric, Cooking Or Heating Appliances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexican Exports of Domestic, Non-Electric, Cooking or Heating Appliances Surge 11%, Reaching An Unprecedented $658M in 2023
Mexico Domestic, Non-Electric, Cooking Or Heating Appliance Exports
In 2023, after two years of decline, there was significant growth in overseas shipments of domestic, non-electric, cooking or heating appliances, when their volume increased by 8.6% to 1.9M units. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 101%. The exports peaked at 3.9M units in 2020; however, from 2021 to 2023, the exports failed to regain momentum.
In value terms, exports of domestic, non-electric, cooking or heating appliances rose rapidly to $658M (IndexBox estimates) in 2023. In general, total exports indicated a resilient expansion from 2013 to 2023: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +67.3% against 2013 indices. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the near future.
COUNTRY | Export Value of Domestic, Non-Electric, Cooking Or Heating Appliance in Mexico (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
United States | 327 | 360 | 376 | 385 | 419 | 450 | 487 | 520 | 586 | 545 | 610 |
Guatemala | 8.5 | 7.4 | 7.8 | 6.9 | 12.8 | 15.2 | 15.9 | 15.3 | 22.4 | 21.0 | 23.4 |
Dominican Republic | 4.7 | 7.4 | 12.2 | 15.4 | 15.2 | 19.7 | 15.1 | 11.0 | 9.6 | 7.2 | 2.1 |
Others | 52.8 | 20.4 | 44.4 | 63.6 | 38.8 | 48.2 | 45.4 | 34.2 | 33.9 | 21.7 | 22.2 |
Total | 393 | 395 | 440 | 471 | 486 | 533 | 564 | 580 | 652 | 595 | 658 |
Exports by Country
the United States (1.6M units) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Mexico, accounting for a 88% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to the United States exceeded the volume sent to the second major destination, Guatemala (117K units), more than tenfold.
From 2013 to 2023, the average annual growth rate of volume to the United States stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+8.4% per year) and the Dominican Republic (-9.6% per year).
In value terms, the United States ($610M) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from Mexico, comprising 93% of total exports. The second position in the ranking was taken by Guatemala ($23M), with a 3.6% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of value to the United States stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+10.6% per year) and the Dominican Republic (-7.8% per year).
Exports by Type
Iron or steel gas domestic cooking appliances and plate warmers (1.9M units) was the largest type of domestic, non-electric, cooking or heating appliances exported from Mexico, with a 100% share of total exports. It was followed by cooking appliances and plate warmers; for solid fuel and fuels other than gas or liquid, of iron or steel (4.8K units), with a 0.3% share of total exports.
From 2013 to 2023, the average annual growth rate of the volume of iron or steel gas domestic cooking appliances and plate warmers exports totaled +5.2%.
In value terms, iron or steel gas domestic cooking appliances and plate warmers ($656M) remains the largest type of domestic, non-electric, cooking or heating appliances exported from Mexico, comprising 100% of total exports. The second position in the ranking was taken by cooking appliances and plate warmers; for solid fuel and fuels other than gas or liquid, of iron or steel ($1.2M), with a 0.2% share of total exports.
From 2013 to 2023, the average annual growth rate of the value of iron or steel gas domestic cooking appliances and plate warmers exports totaled +5.3%.
Export Prices by Country
In 2023, the domestic, non-electric, cooking or heating appliance price stood at $351 per unit (FOB, Mexico), picking up by 1.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 65%. The export price peaked in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($370 per unit), while the average price for exports to Guatemala ($201 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the market for domestic, non-electric, cooking or heating appliance 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 27521113 - Iron or steel gas domestic cooking appliances and plate warmers, with an oven (including those with subsidiary boilers for central heating, separate ovens for both gas and other fuels)
- Prodcom 27521115 - Iron or steel gas domestic cooking appliances and plate warmers (including those with subsidiary boilers for central heating, for both gas and other fuels, excluding those with ovens)
- Prodcom 27521190 - Other domestic cooking appliances and plate warmers, of iron or steel or of copper, non-electric
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