Price for Navigational Instruments and Appliances; Parts and Accessories in Mexico - 2023
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Mexico (FOB) - 2023
- Price for Navigational Instruments and Appliances; Parts and Accessories in Mexico (CIF) - 2023
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Mexico
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Mexico
Price for Navigational Instruments and Appliances; Parts and Accessories in Mexico (FOB) - 2023
The average export price for navigational instruments and appliances; parts and accessorieses stood at $238K per ton in November 2023, standing approximately at the previous month. In general, the export price recorded a pronounced decline. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 36% month-to-month. The export price peaked at $427K per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From November 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -4.8% per month.
Price for Navigational Instruments and Appliances; Parts and Accessories in Mexico (CIF) - 2023
In December 2023, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $617K per ton, growing by 141% against the previous month. In general, the import price saw buoyant growth. The import price peaked at $865K per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($1.5M per ton), while the price for China amounted to $53,911 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Navigational Instruments and Appliances; Parts and Accessories in Mexico
In 2022, after two years of decline, there was significant growth in overseas shipments of navigational instruments and appliances; parts and accessorieses, when their volume increased by 57% to 158 tons. In general, exports, however, showed a deep setback.
In value terms, exports of navigational instruments and appliances; parts and accessorieses skyrocketed to $35M in 2022. Over the period under review, exports, however, continue to indicate a abrupt decrease.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 41.9 | 40.4 | 20.3 | 34.9 | -5.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 41.9 | 40.4 | 20.3 | 34.9 | -5.9% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Mexico in 2022:
- United States (157.7 tons)
Imports of Navigational Instruments and Appliances; Parts and Accessories in Mexico
In 2022, after three years of growth, there was significant decline in supplies from abroad of navigational instruments and appliances; parts and accessorieses, when their volume decreased by -9.7% to 213 tons. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of 236 tons, and then dropped in the following year.
In value terms, imports of navigational instruments and appliances; parts and accessorieses fell significantly to $34M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.9% 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 +22.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports reached the peak of $43M, and then shrank dramatically in the following year.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.2 | 24.0 | 29.1 | 25.3 | 2.9% |
| China | 0.7 | 4.7 | 12.5 | 8.4 | 128.9% |
| Canada | 1.1 | 1.0 | 0.4 | 0.3 | -35.2% |
| Taiwan (Chinese) | 0.2 | 0.6 | 0.9 | 0.1 | -20.6% |
| Others | 2.8 | 3.7 | 0.4 | 0.2 | -58.5% |
| Total | 28.0 | 34.0 | 43.3 | 34.3 | 7.0% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Mexico in 2022:
- China (127.9 tons)
- United States (81.3 tons)
- Canada (1.8 tons)
- Taiwan (Chinese) (1.3 tons)
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