Price for Milking Machines and Dairy Machinery in Mexico - 2023

Contents:

  1. Price for Milking Machines and Dairy Machinery in Mexico (CIF) - 2022
  2. Price for Milking Machines and Dairy Machinery in Mexico (FOB) - 2023
  3. Imports of Milking Machines and Dairy Machinery in Mexico
  4. Exports of Milking Machines and Dairy Machinery in Mexico

Price for Milking Machines and Dairy Machinery in Mexico (CIF) - 2022

In 2022, the average import price for milking machines and dairy machineries amounted to $6,734 per unit, growing by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($8,936 per unit), while the price for Spain ($4,327 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Milking Machines and Dairy Machinery in Mexico (FOB) - 2023

In March 2023, the average export price for milking machines and dairy machineries amounted to $38.2 per unit, remaining stable against the previous month. In general, the export price saw a mild descent. As a result, the export price reached the peak level of $40.6 per unit. From October 2022 to March 2023, the the average 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 September 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to -1.0% per month.

Imports of Milking Machines and Dairy Machinery in Mexico

In 2022, after two years of decline, there was significant growth in supplies from abroad of milking machines and dairy machineries, when their volume increased by 28% to 1.1K units. Overall, imports, however, showed a sharp decrease. Imports peaked at 2.3K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, milking machines and dairy machinery imports surged to $7.2M in 2022. Over the period under review, imports, however, recorded a abrupt downturn. Imports peaked at $13M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Milking Machines and Dairy Machinery in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.64.23.54.9-4.4%
Sweden3.21.40.10.9-34.5%
Italy1.71.81.30.3-43.9%
China0.30.50.20.30.0%
Spain0.10.3N/A0.344.2%
Germany0.20.20.30.20.0%
Denmark1.10.1N/A0.1-55.0%
BrazilN/A0.3N/AN/A0%
Others0.82.30.10.2-37.0%
Total13.111.05.57.2-18.1%

Top Suppliers of Milking Machines and Dairy Machinery to Mexico in 2022:

  1. United States (749.0 units)
  2. Sweden (101.0 units)
  3. Spain (75.0 units)
  4. China (54.0 units)
  5. Italy (34.0 units)
  6. Germany (27.0 units)
  7. Denmark (10.0 units)

Exports of Milking Machines and Dairy Machinery in Mexico

In 2022, the amount of milking machines and dairy machineries exported from Mexico shrank remarkably to 814 units, waning by -15.1% against the year before. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at 1.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, milking machines and dairy machinery exports dropped markedly to $2.3M in 2022. Overall, exports recorded a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 1.5%. Over the period under review, the exports hit record highs at $5.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Milking Machines and Dairy Machinery in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.63.04.82.3-20.6%
PanamaN/A1.3N/AN/A0%
Dominican Republic0.30.2N/AN/A-33.3%
Others0.20.3N/AN/A50.0%
Total5.14.74.82.3-23.3%

Top Export Markets for Milking Machines and Dairy Machinery from Mexico in 2022:

  1. United States (814.0 units)

Source: IndexBox Market Intelligence Platform

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