Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to less than $0.1 per unit, falling by -22.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 84% against the previous year. Over the period under review, average import prices reached the maximum at $0.1 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 Taiwan (Chinese) ($0.1 per unit), while the price for China (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.1 per unit in 2022, reducing by -12.7% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -26.3% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the maximum at $0.1 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($0.1 per unit), while the average price for exports to Nicaragua totaled $0.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+4.0%).
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico
In 2022, approx. 142B units of electrical circuit prefabricated elements, connectors, contact elements and other equipment were imported into Mexico; growing by 52% on the previous year. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 110%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $4.8B in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,690 | 1,409 | 1,681 | 1,886 | 3.7% |
| China | 729 | 674 | 915 | 1,265 | 20.2% |
| Germany | 342 | 305 | 382 | 433 | 8.2% |
| Japan | 282 | 243 | 278 | 289 | 0.8% |
| South Korea | 73.1 | 71.3 | 83.2 | 106 | 13.2% |
| Others | 672 | 561 | 730 | 836 | 7.6% |
| Total | 3,788 | 3,263 | 4,069 | 4,814 | 8.3% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Mexico in 2022:
- China (66.6B units)
- United States (37.7B units)
- Germany (14.1B units)
- Japan (5.5B units)
- South Korea (5.1B units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico
In 2022, approx. 20B units of electrical circuit prefabricated elements, connectors, contact elements and other equipment were exported from Mexico; picking up by 45% compared with the previous year. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment soared to $1.5B in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 986 | 850 | 1,093 | 1,381 | 11.9% |
| Nicaragua | 28.9 | 24.9 | 33.4 | 46.9 | 17.5% |
| Others | 50.3 | 62.5 | 65.9 | 86.3 | 19.7% |
| Total | 1,065 | 937 | 1,192 | 1,515 | 12.5% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Mexico in 2022:
- United States (18.4B units)
- Nicaragua (0.7B units)
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