Price for Machines; Parts and Accessories, of Heading No. 8472 in Mexico - 2023
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Mexico (CIF) - 2023
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Mexico (FOB) - 2023
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in Mexico
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in Mexico
Price for Machines; Parts and Accessories, of Heading No. 8472 in Mexico (CIF) - 2023
In November 2023, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $34,662 per ton, surging by 17% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 37% month-to-month. Over the period under review, average import prices hit record highs in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($70,075 per ton), while the price for Canada ($17,095 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines; Parts and Accessories, of Heading No. 8472 in Mexico (FOB) - 2023
The average export price for machines; parts and accessories, of heading no. 8472 stood at $32,028 per ton in November 2023, falling by -5.8% against the previous month. In general, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in October 2023 an increase of 50% month-to-month. Over the period under review, the average export prices hit record highs at $39,786 per ton in December 2022; however, from January 2023 to November 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -2.0% per month.
Imports of Machines; Parts and Accessories, of Heading No. 8472 in Mexico
In 2022, the amount of machines; parts and accessories, of heading no. 8472 imported into Mexico soared to 3.2K tons, rising by 59% against the previous year. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of machines; parts and accessories, of heading no. 8472 amounted to $99M in 2022. Overall, imports, however, recorded a deep downturn.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 63.8 | 49.6 | 37.0 | 40.5 | -14.1% |
| China | 37.8 | 20.9 | 17.7 | 19.5 | -19.8% |
| United States | 24.4 | 18.5 | 14.3 | 15.2 | -14.6% |
| Canada | 14.8 | 9.5 | 9.9 | 11.3 | -8.6% |
| United Kingdom | 5.2 | 3.7 | 3.8 | 3.4 | -13.2% |
| Philippines | 4.2 | 1.6 | 1.6 | 2.8 | -12.6% |
| Others | 17.2 | 10.1 | 7.4 | 6.3 | -28.5% |
| Total | 167 | 114 | 91.8 | 99.0 | -16.0% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Mexico in 2022:
- India (1386.3 tons)
- United States (567.4 tons)
- China (487.2 tons)
- Canada (451.3 tons)
- United Kingdom (94.0 tons)
- Philippines (76.0 tons)
Exports of Machines; Parts and Accessories, of Heading No. 8472 in Mexico
Exports of machines; parts and accessories, of heading no. 8472 from Mexico shrank slightly to 1.4K tons in 2022, leveling off at 2021 figures. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2021 when exports increased by 74% against the previous year. As a result, the exports reached the peak of 1.5K tons, leveling off in the following year.
In value terms, exports of machines; parts and accessories, of heading no. 8472 declined markedly to $46M in 2022. Overall, exports recorded a precipitous decline. The smallest decline of -8.2% was in 2021.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 93.0 | 61.6 | 56.3 | 45.6 | -21.1% |
| Others | 4.0 | N/A | 0.3 | N/A | -72.6% |
| Total | 97.0 | 61.6 | 56.6 | 45.6 | -22.2% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Mexico in 2022:
- United States (1442.7 tons)
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