Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico - 2023

Contents:

  1. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico (CIF) - 2023
  2. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico (FOB) - 2022
  3. Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico
  4. Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico (CIF) - 2023

The average import price for clocks; wall clocks, battery, accumulator or mains powereds stood at $2.2 per unit in November 2023, falling by -35.3% against the previous month. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in March 2023 an increase of 113% against the previous month. As a result, import price attained the peak level of $5.6 per unit. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to November 2023, the rate of growth in terms of prices for China amounted to -4.9% per month.

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico (FOB) - 2022

The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $13 per unit in 2022, declining by -3.1% against the previous year. Overall, the export price, however, saw a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by 79%. The export price peaked at $13 per unit in 2021, and then fell slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +6.7% per year.

Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico

In 2022, imports of clocks; wall clocks, battery, accumulator or mains powereds into Mexico fell dramatically to 1.3M units, with a decrease of -20.4% against 2021. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 195% against the previous year. As a result, imports reached the peak of 1.7M units, and then dropped markedly in the following year.

In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds fell to $4.5M in 2022. Over the period under review, imports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 57%. As a result, imports reached the peak of $5.3M, and then contracted in the following year.

Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.73.35.14.3-2.9%
United States0.20.10.10.20.0%
Others0.3N/AN/AN/A0%
Total5.13.45.34.5-4.1%

Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Mexico in 2022:

  1. China (1305.4K units)
  2. United States (17.4K units)

Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico

In 2022, shipments abroad of clocks; wall clocks, battery, accumulator or mains powereds decreased by -40.8% to 38K units, falling for the second year in a row after two years of growth. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 7% against the previous year. As a result, the exports attained the peak of 69K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds dropped markedly to $490K in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. Over the period under review, the exports of attained the peak figure at $855K in 2021, and then fell rapidly in the following year.

Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States542711832490-3.3%
Guatemala71.921.123.0N/A-43.4%
OthersN/A0.1N/AN/A0%
Total614732855490-7.2%

Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Mexico in 2022:

  1. United States (38.3K units)

Source: IndexBox Market Intelligence Platform

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