Mexico - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMexico's Export of Power Tools Reaches $131M in August 2023
Mexico Power Tool Exports
In August 2023, shipments abroad of power tools increased by 35% to 2.8M units for the first time since April 2023, thus ending a three-month declining trend. Over the period under review, total exports indicated temperate growth from August 2022 to August 2023: its volume increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, exports increased by +34.8% against July 2023 indices. The most prominent rate of growth was recorded in February 2023 when exports increased by 169% m-o-m. The exports peaked in August 2023.
In value terms, power tool exports surged to $131M (IndexBox estimates) in August 2023. In general, total exports indicated a slight expansion from August 2022 to August 2023: its value increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, exports increased by +33.8% against July 2023 indices. The most prominent rate of growth was recorded in February 2023 when exports increased by 155% month-to-month. Over the period under review, the exports hit record highs in August 2023.
| COUNTRY | Export Value of Power Tool in Mexico (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| United States | 108 | 114 | 101 | 102 | 117 | 32.1 | 82.8 | 123 | 114 | 99.6 | 111 | 95.7 | 128 |
| Canada | 4.4 | 1.4 | 2.9 | 2.6 | N/A | N/A | N/A | 4.2 | 3.8 | 2.9 | 5.9 | N/A | N/A |
| Others | 1.0 | 1.1 | 0.7 | 0.5 | 0.7 | 0.6 | 0.7 | 1.4 | 0.7 | 1.2 | 1.2 | 1.8 | 2.8 |
| Total | 113 | 116 | 104 | 105 | 118 | 32.7 | 83.4 | 128 | 118 | 104 | 118 | 97.6 | 131 |
Exports by Country
The United States (2.8M units) was the main destination for power tool exports from Mexico, with a approximately 97% share of total exports.
From August 2022 to August 2023, the average monthly rate of growth in terms of volume to the United States stood at +2.5%.
In value terms, the United States ($128M) also remains the key foreign market for power tool exports from Mexico.
From August 2022 to August 2023, the average monthly rate of growth in terms of value to the United States totaled +1.4%.
Exports by Type
In-hand motor grinders, sanders and planers (1.9M units) was the largest type of power tool exported from Mexico, with a 68% share of total exports. Moreover, in-hand motor grinders, sanders and planers exceeded the volume of the second product type, saws for working in the hand, with self-contained electric motor (495K units), fourfold.
From August 2022 to August 2023, the average monthly growth rate of the volume of export of in-hand motor grinders, sanders and planers totaled +1.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: saws for working in the hand, with self-contained electric motor (+5.0% per month) and drills of all kinds for working in the hand, with self-contained electric motor (+1.0% per month).
In value terms, in-hand motor grinders, sanders and planers ($88M) remains the largest type of power tool exported from Mexico, comprising 67% of total exports. The second position in the ranking was taken by saws for working in the hand, with self-contained electric motor ($30M), with a 23% share of total exports.
From August 2022 to August 2023, the average monthly rate of growth in terms of the export volume of in-hand motor grinders, sanders and planers stood at +1.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: saws for working in the hand, with self-contained electric motor (+5.6% per month) and drills of all kinds for working in the hand, with self-contained electric motor (-3.8% per month).
Export Prices by Country
In August 2023, the power tool price stood at $45.8 per unit, therefore (FOB, Mexico), remained relatively stable against the previous month. Over the period under review, the export price saw a slight setback. The most prominent rate of growth was recorded in March 2023 an increase of 17% against the previous month. The export price peaked at $51.7 per unit in August 2022; however, from September 2022 to August 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 August 2022 to August 2023, the rate of growth in terms of prices for Canada amounted to +1.4% per month.
This report provides an in-depth analysis of the power tool market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241120 - Electromechanical hand tools operated without an external source of power (excluding drills, saws )
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241185 - Electromechanical hand tools, with self-contained electric motor operating with an external source of power (excluding saws, drills, grinders, sanders, planers, hedge trimmers and lawn edge cutters)
- Prodcom 28241190 -
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
