Mexico - Agricultural Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAgricultural Appliance Price in Mexico - 2023
Contents:
- Agricultural Appliance Price in Mexico (CIF) - 2022
- Agricultural Appliance Price in Mexico (FOB) - 2023
- Agricultural Appliance Imports in Mexico
- Agricultural Appliance Exports in Mexico
Agricultural Appliance Price in Mexico (CIF) - 2022
The average agricultural appliance import price stood at $9.7 per unit in 2022, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The import price peaked at $11 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Brazil ($45 per unit), while the price for Austria ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Agricultural Appliance Price in Mexico (FOB) - 2023
The average agricultural appliance export price stood at $715 per thousand units in June 2023, growing by 274% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 287% month-to-month. Over the period under review, the average export prices attained the peak figure at $1.1 per unit in November 2022; however, from December 2022 to June 2023, the 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 June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.6% per month.
Agricultural Appliance Imports in Mexico
Agricultural appliance imports into Mexico dropped sharply to 24M units in 2022, declining by -31.9% against 2021. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of 35M units, and then reduced remarkably in the following year.
In value terms, agricultural appliance imports declined sharply to $227M in 2022. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 4.3%. Imports peaked at $285M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Agricultural Appliance in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 181 | 160 | 157 | 126 | -11.4% |
| China | 18.9 | 30.7 | 32.8 | 25.4 | 10.4% |
| Israel | 22.8 | 19.5 | 21.8 | 16.9 | -9.5% |
| India | 6.5 | 4.8 | 4.4 | 4.0 | -14.9% |
| Austria | 0.1 | 0.5 | 0.5 | 0.4 | 58.7% |
| Others | 55.2 | 52.3 | 62.5 | 54.7 | -0.3% |
| Total | 285 | 268 | 279 | 227 | -7.3% |
Top Suppliers of Agricultural Appliance to Mexico in 2022:
- United States (12.0M units)
- Israel (7.3M units)
- Austria (1.8M units)
- India (0.9M units)
- China (0.7M units)
Agricultural Appliance Exports in Mexico
After three years of growth, overseas shipments of agricultural appliances decreased by -70% to 42M units in 2022. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 101%. As a result, the exports attained the peak of 138M units, and then fell notably in the following year.
In value terms, agricultural appliance exports soared to $187M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Agricultural Appliance in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 105 | 106 | 142 | 180 | 19.7% |
| Others | 6.4 | 5.8 | 4.7 | 6.8 | 2.0% |
| Total | 112 | 112 | 147 | 187 | 18.6% |
Top Export Markets for Agricultural Appliance from Mexico in 2022:
- United States (40.9M units)
This report provides an in-depth analysis of the agricultural appliance 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 28306010 - Agricultural or horticultural watering appliances
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
-
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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