Price for Machinery; Parts of Machinery of Heading No. 8422 in Mexico - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Mexico (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Mexico (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Mexico
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Mexico
Price for Machinery; Parts of Machinery of Heading No. 8422 in Mexico (CIF) - 2022
The average import price for machinery; parts of machinery of heading no. 8422 stood at $64,129 per ton in 2022, stabilizing at the previous year. In general, the import price saw a slight curtailment. The pace of growth appeared the most rapid in 2014 when the average import price decreased by -0.3%. Over the period under review, average import prices hit record highs at $72,937 per ton in 2012; however, from 2013 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 Italy ($422,259 per ton), while the price for South Korea ($4,560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Mexico (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $143,811 per ton in 2022, which is down by -3.4% against the previous year. Over the period under review, the export price, however, posted a prominent increase. The growth pace was the most rapid in 2015 an increase of 70% against the previous year. Over the period under review, the average export prices attained the maximum at $153,659 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($143,824 per ton) and the Dominican Republic ($143,823 per ton), while the average price for exports to Panama ($143,777 per ton) and Costa Rica ($143,797 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Mexico
In 2022, the amount of machinery; parts of machinery of heading no. 8422 imported into Mexico shrank slightly to 1.9K tons, therefore, remained relatively stable against 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 11%. As a result, imports reached the peak of 1.9K tons, leveling off in the following year.
In value terms, imports of machinery; parts of machinery of heading no. 8422 reduced modestly to $120M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of $122M, and then declined modestly in the following year.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.2 | 29.2 | 29.3 | 32.5 | -0.7% |
| Germany | 25.6 | 24.1 | 30.9 | 28.5 | 3.6% |
| Italy | 29.6 | 25.9 | 30.4 | 27.4 | -2.5% |
| Spain | 2.9 | 3.3 | 3.6 | 4.4 | 14.9% |
| China | 2.6 | 3.5 | 3.9 | 3.7 | 12.5% |
| Japan | 3.3 | 2.3 | 1.6 | 2.1 | -14.0% |
| Sweden | 3.0 | 3.3 | 2.9 | 2.1 | -11.2% |
| Argentina | 0.5 | 0.5 | 0.8 | 0.5 | 0.0% |
| South Korea | 0.4 | 0.2 | 0.2 | 0.4 | 0.0% |
| Others | 17.1 | 17.5 | 18.1 | 18.5 | 2.7% |
| Total | 118 | 110 | 122 | 120 | 0.6% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Mexico in 2022:
- United States (1120.9 tons)
- Germany (248.8 tons)
- South Korea (94.2 tons)
- Italy (64.8 tons)
- Argentina (60.6 tons)
- Spain (55.9 tons)
- China (42.5 tons)
- Japan (37.2 tons)
- Sweden (32.5 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Mexico
In 2022, overseas shipments of machinery; parts of machinery of heading no. 8422 were finally on the rise to reach 162 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep contraction.
In value terms, exports of machinery; parts of machinery of heading no. 8422 fell modestly to $23M in 2022. In general, exports, however, saw a deep contraction.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.1 | 14.5 | 20.4 | 18.9 | -3.6% |
| Guatemala | 0.8 | 0.6 | 1.0 | 1.0 | 7.7% |
| Colombia | 0.9 | 6.3 | 0.6 | 0.7 | -8.0% |
| Nicaragua | 0.1 | 0.2 | 0.2 | 0.7 | 91.3% |
| Costa Rica | 0.3 | 0.6 | 0.3 | 0.6 | 26.0% |
| Dominican Republic | 1.0 | 1.1 | 0.6 | 0.5 | -20.6% |
| Panama | 1.9 | 1.2 | 0.2 | 0.2 | -52.8% |
| Ecuador | 1.1 | 0.5 | 0.1 | 0.1 | -55.0% |
| Others | 2.0 | 2.5 | 0.7 | 0.6 | -33.1% |
| Total | 29.2 | 27.7 | 24.0 | 23.3 | -7.2% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Mexico in 2022:
- United States (131.5 tons)
- Guatemala (7.3 tons)
- Colombia (4.6 tons)
- Nicaragua (4.6 tons)
- Costa Rica (4.3 tons)
- Dominican Republic (3.3 tons)
- Panama (1.3 tons)
- Ecuador (1.0 tons)
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