Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico (FOB) - 2023
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico (CIF) - 2022
The average import price for tools; for working in the hand, pneumatic, other than rotary type stood at $64 per unit in 2022, picking up by 12% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tools; for working in the hand, pneumatic, other than rotary type decreased by -32.8% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 41%. As a result, import price reached the peak level of $96 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($311 per unit), while the price for China ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico (FOB) - 2023
In December 2023, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $71.1 per unit, falling by -4.9% against the previous month. Overall, the export price recorded a mild contraction. The pace of growth appeared the most rapid in April 2023 an increase of 144% m-o-m. As a result, the export price reached the peak level of $174 per unit. From May 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the United States ($93.0 per unit), while the average price for exports to Colombia totaled $29.2 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico
Imports of tools; for working in the hand, pneumatic, other than rotary type into Mexico was estimated at 379K units in 2022, with an increase of 5.7% on the previous year's figure. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% 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 +67.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type surged to $24M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +62.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.7 | 4.2 | 5.1 | 6.1 | 9.1% |
| China | 2.5 | 3.1 | 5.3 | 5.5 | 30.1% |
| Taiwan (Chinese) | 2.8 | 2.7 | 3.7 | 4.2 | 14.5% |
| Japan | 2.2 | 1.3 | 2.0 | 3.1 | 12.1% |
| South Korea | 0.3 | 0.3 | 0.5 | 0.8 | 38.7% |
| India | 0.5 | 0.2 | 0.4 | 0.4 | -7.2% |
| Others | 3.7 | 3.2 | 3.5 | 4.3 | 5.1% |
| Total | 16.7 | 14.9 | 20.5 | 24.3 | 13.3% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Mexico in 2022:
- China (260.4K units)
- Taiwan (Chinese) (61.1K units)
- United States (19.6K units)
- Japan (13.3K units)
- South Korea (10.6K units)
- India (3.1K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico
For the fourth year in a row, Mexico recorded growth in overseas shipments of tools; for working in the hand, pneumatic, other than rotary type, which increased by 70% to 15K units in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type skyrocketed to $1.9M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 969 | 834 | 1,188 | 1,798 | 22.9% |
| Colombia | 105 | 140 | 18.5 | 53.8 | -20.0% |
| Peru | 39.8 | 133 | 11.6 | 26.7 | -12.5% |
| Dominican Republic | 86.1 | 72.9 | 22.7 | 15.4 | -43.7% |
| Guatemala | 41.7 | 67.1 | 30.1 | 12.2 | -33.6% |
| Others | 139 | 84.9 | 33.4 | 19.1 | -48.4% |
| Total | 1,380 | 1,331 | 1,304 | 1,925 | 11.7% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Mexico in 2022:
- United States (11.5K units)
- Colombia (2.1K units)
- Peru (0.5K units)
- Dominican Republic (0.5K units)
- Guatemala (0.3K units)
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