Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico - 2024
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico (CIF) - 2024
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico (FOB) - 2024
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico (CIF) - 2024
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $17,931 per ton in February 2024, shrinking by -22% against the previous month. In general, the import price faced a dramatic decrease. As a result, import price reached the peak level of $22,996 per ton, and then contracted significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($83,151 per ton), while the price for China ($9,728 per ton) was amongst the lowest.
From January 2024 to February 2024, the most notable rate of growth in terms of prices was attained by Germany (+52.1%), while the prices for the other major suppliers experienced a decline.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico (FOB) - 2024
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $9,515 per ton in February 2024, falling by -6.6% against the previous month. In general, the export price continues to indicate a deep reduction. As a result, the export price attained the peak level of $10,190 per ton, and then contracted in the following month.
Average prices varied noticeably for the major export markets. In February 2024, the country with the highest price was Canada ($11,332 per ton), while the average price for exports to the United States totaled $9,344 per ton.
From January 2024 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.7%).
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico
In 2022, approx. 41K tons of machines and mechanical appliances; parts, of those having individual functionses were imported into Mexico; growing by 40% against the year before. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses surged to $937M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 312 | 275 | 300 | 460 | 13.8% |
| China | 73.0 | 82.5 | 113 | 138 | 23.6% |
| Germany | 57.5 | 44.3 | 59.2 | 74.5 | 9.0% |
| Canada | 9.5 | 10.7 | 9.4 | 38.9 | 60.0% |
| Italy | 27.4 | 19.4 | 23.3 | 36.6 | 10.1% |
| France | 4.4 | 3.3 | 7.0 | 15.8 | 53.1% |
| Spain | 4.5 | 3.7 | 5.7 | 5.0 | 3.6% |
| Others | 130 | 87.0 | 128 | 169 | 9.1% |
| Total | 618 | 526 | 646 | 937 | 14.9% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Mexico in 2022:
- United States (25.5K tons)
- China (4.0K tons)
- Canada (3.9K tons)
- Germany (1.8K tons)
- France (1.7K tons)
- Italy (1.3K tons)
- Spain (0.6K tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico
Exports of machines and mechanical appliances; parts, of those having individual functionses from Mexico reduced to 6.7K tons in 2022, declining by -11% against 2021 figures. Over the period under review, exports continue to indicate a abrupt setback. The smallest decline of -2.9% was in 2021.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses fell slightly to $433M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 5.6% against the previous year. As a result, the exports reached the peak of $448M, and then contracted slightly in the following year.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 373 | 379 | 434 | 421 | 4.1% |
| Others | 33.2 | 45.5 | 13.8 | 12.5 | -27.8% |
| Total | 406 | 424 | 448 | 433 | 2.2% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Mexico in 2022:
- United States (6.5K tons)
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