Price for Tools, Hand; Other than Household Tools in Mexico - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Mexico (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Mexico (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Mexico
- Exports of Tools, Hand; Other than Household Tools in Mexico
Price for Tools, Hand; Other than Household Tools in Mexico (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $7,274 per ton, surging by 4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 5.9%. The import price peaked at $7,757 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($7,273 per ton) and Spain ($7,273 per ton), while the price for Canada ($7,273 per ton) and Germany ($7,273 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Mexico (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $26,743 per ton, rising by 3.5% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tools, hand; other than household toolses increased by +26.0% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 39% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($26,743 per ton) and the United States ($26,743 per ton), while the average price for exports to El Salvador ($26,743 per ton) and Peru ($26,743 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Mexico
Imports of tools, hand; other than household toolses into Mexico rose slightly to 11K tons in 2022, with an increase of 4.3% against 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of tools, hand; other than household toolses expanded remarkably to $82M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Tools, Hand; Other than Household Tools in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.3 | 20.0 | 28.7 | 33.3 | 16.1% |
| United States | 25.7 | 19.5 | 25.1 | 26.1 | 0.5% |
| Taiwan (Chinese) | 5.4 | 5.4 | 6.6 | 6.7 | 7.5% |
| Germany | 4.7 | 2.9 | 3.4 | 4.0 | -5.2% |
| Japan | 2.5 | 1.3 | 2.4 | 1.7 | -12.1% |
| Spain | 1.0 | 0.8 | 1.2 | 1.6 | 17.0% |
| India | 1.3 | 0.9 | 1.3 | 1.5 | 4.9% |
| Canada | 1.3 | 0.6 | 1.3 | 1.4 | 2.5% |
| Others | 6.1 | 4.3 | 5.3 | 5.3 | -4.6% |
| Total | 69.2 | 55.7 | 75.3 | 81.6 | 5.6% |
Top Suppliers of Tools, Hand; Other than Household Tools to Mexico in 2022:
- China (4.6K tons)
- United States (3.6K tons)
- Taiwan (Chinese) (0.9K tons)
- Germany (0.5K tons)
- Canada (0.2K tons)
- Japan (0.2K tons)
- India (0.2K tons)
- Spain (0.2K tons)
Exports of Tools, Hand; Other than Household Tools in Mexico
Exports of tools, hand; other than household toolses from Mexico declined to 1.8K tons in 2022, waning by -14.3% compared with 2021 figures. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 2.1K tons, and then dropped in the following year.
In value terms, exports of tools, hand; other than household toolses contracted to $48M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports attained the peak of $54M, and then dropped in the following year.
| Export of Tools, Hand; Other than Household Tools in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.9 | 34.4 | 41.6 | 36.7 | 3.7% |
| Guatemala | 0.8 | 0.9 | 1.4 | 1.6 | 26.0% |
| Peru | 1.3 | 1.6 | 1.4 | 1.5 | 4.9% |
| Dominican Republic | 1.0 | 0.9 | 1.5 | 1.3 | 9.1% |
| Colombia | 0.9 | 1.0 | 1.1 | 1.2 | 10.1% |
| El Salvador | 0.5 | 0.5 | 0.8 | 1.0 | 26.0% |
| Costa Rica | 0.7 | 0.8 | 1.3 | 1.0 | 12.6% |
| Chile | 0.7 | 0.9 | 1.3 | 0.8 | 4.6% |
| Others | 4.7 | 3.8 | 3.2 | 2.5 | -19.0% |
| Total | 43.4 | 44.7 | 53.6 | 47.5 | 3.1% |
Top Export Markets for Tools, Hand; Other than Household Tools from Mexico in 2022:
- United States (1372.0 tons)
- Guatemala (58.0 tons)
- Peru (57.5 tons)
- Dominican Republic (50.2 tons)
- Colombia (44.5 tons)
- Costa Rica (36.3 tons)
- El Salvador (35.9 tons)
- Chile (30.0 tons)
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