Mexico - Brakes And Servo-Brakes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBrakes and Servo-Brakes Price in Mexico - 2023
Contents:
- Brakes and Servo-Brakes Price in Mexico (FOB) - 2023
- Brakes and Servo-Brakes Price in Mexico (CIF) - 2023
- Brakes and Servo-Brakes Exports in Mexico
- Brakes and Servo-Brakes Imports in Mexico
Brakes and Servo-Brakes Price in Mexico (FOB) - 2023
The average brakes and servo-brakes export price stood at $8,294 per ton in August 2023, remaining stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in January 2023 an increase of 24% against the previous month. Over the period under review, the average export prices reached the peak figure in August 2023.
Average prices varied noticeably for the major foreign markets. In August 2023, the country with the highest price was the United States ($8,294 per ton), while the average price for exports to Canada totaled $8,294 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.8%).
Brakes and Servo-Brakes Price in Mexico (CIF) - 2023
The average brakes and servo-brakes import price stood at $8,999 per ton in August 2023, remaining constant against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 7.1% against the previous month. Over the period under review, average import prices reached the peak figure at $8,999 per ton in January 2023; afterwards, it flattened through to August 2023.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Japan ($8,999 per ton) and India ($8,999 per ton), while the price for Italy ($8,999 per ton) and South Korea ($8,999 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Brakes and Servo-Brakes Exports in Mexico
In 2022, approx. 557K tons of brakes and servo-brakes were exported from Mexico; growing by 39% against the previous year's figure. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, brakes and servo-brakes exports surged to $4.2B in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Brakes and Servo-Brakes in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.8 | 2.6 | 3.2 | 3.9 | 11.7% |
| Brazil | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Canada | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.0 | 2.8 | 3.4 | 4.2 | 11.9% |
Top Export Markets for Brakes and Servo-Brakes from Mexico in 2022:
- United States (522.0K tons)
- Canada (13.5K tons)
- Brazil (7.5K tons)
Brakes and Servo-Brakes Imports in Mexico
Brakes and servo-brakes imports into Mexico soared to 342K tons in 2022, growing by 21% against 2021. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% 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 +53.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, brakes and servo-brakes imports surged to $2.9B in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +53.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Brakes and Servo-Brakes in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,181 | 1,012 | 1,179 | 1,447 | 7.0% |
| China | 408 | 370 | 505 | 689 | 19.1% |
| Italy | 79.0 | 59.5 | 86.6 | 102 | 8.9% |
| South Korea | 81.9 | 51.7 | 62.2 | 101 | 7.2% |
| Canada | 96.7 | 79.9 | 90.8 | 99.0 | 0.8% |
| India | 41.6 | 38.5 | 61.7 | 85.3 | 27.0% |
| Germany | 82.9 | 61.4 | 69.9 | 73.8 | -3.8% |
| Japan | 61.4 | 48.1 | 72.7 | 56.1 | -3.0% |
| Others | 166 | 145 | 207 | 220 | 9.8% |
| Total | 2,199 | 1,867 | 2,335 | 2,872 | 9.3% |
Top Suppliers of Brakes and Servo-Brakes to Mexico in 2022:
- United States (172.2K tons)
- China (82.0K tons)
- Italy (12.1K tons)
- South Korea (12.0K tons)
- Canada (11.8K tons)
- India (10.2K tons)
- Germany (8.8K tons)
- Japan (6.7K tons)
This report provides an in-depth analysis of the brakes and servo-brakes 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 29323020 - Brakes and servo-brakes and their parts (excluding unmounted linings or pads)
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.
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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
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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
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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
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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
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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
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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
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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
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