Mexico - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price in Mexico - 2023
Contents:
- Electric Soldering Iron Price in Mexico (FOB) - 2023
- Electric Soldering Iron Price in Mexico (CIF) - 2023
- Electric Soldering Iron Exports in Mexico
- Electric Soldering Iron Imports in Mexico
Electric Soldering Iron Price in Mexico (FOB) - 2023
In April 2023, the average electric soldering iron export price amounted to $19.0 per unit, which is down by -4.8% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 56% m-o-m. Over the period under review, the average export prices attained the peak figure at $22.8 per unit in July 2022; however, from August 2022 to April 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In April 2023, the country with the highest price was the United States ($22.4 per unit), while the average price for exports to Guatemala ($2.9 per unit) was amongst the lowest.
From June 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.5%), while the prices for the other major destinations experienced a decline.
Electric Soldering Iron Price in Mexico (CIF) - 2023
The average electric soldering iron import price stood at $13.3 per unit in April 2023, growing by 280% against the previous month. In general, the import price posted buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to April 2023, the rate of growth in terms of prices for China amounted to +4.9% per month.
Electric Soldering Iron Exports in Mexico
In 2022, approx. 1.1M units of electric soldering irons and guns were exported from Mexico; picking up by 74% on 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at 1.1M units in 2020; afterwards, it flattened through to 2022.
In value terms, electric soldering iron exports surged to $19M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 decreased by -6.5% against 2020 indices. The exports peaked at $20M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
Export of Electric Soldering Iron in Mexico (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 11.6 | 19.4 | 12.0 | 18.3 | 16.4% |
Colombia | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
El Salvador | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
Guatemala | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Ecuador | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
Others | 1.9 | 0.4 | 0.3 | 0.1 | -62.5% |
Total | 13.9 | 20.4 | 12.7 | 19.1 | 11.2% |
Top Export Markets for Electric Soldering Iron from Mexico in 2022:
- United States (884.8K units)
- Colombia (74.2K units)
- Guatemala (39.4K units)
- Ecuador (28.8K units)
- El Salvador (18.1K units)
Electric Soldering Iron Imports in Mexico
For the fourth year in a row, Mexico recorded growth in purchases abroad of electric soldering irons and guns, which increased by 30% to 1.9M units in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, electric soldering iron imports soared to $8.6M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Electric Soldering Iron in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.5 | 3.2 | 3.7 | 4.8 | 11.1% |
United States | 2.1 | 1.6 | 1.8 | 1.9 | -3.3% |
Japan | 0.7 | 1.2 | 0.7 | 0.8 | 4.6% |
Taiwan (Chinese) | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
Others | 1.9 | 0.8 | 0.8 | 1.0 | -19.3% |
Total | 8.4 | 6.9 | 7.0 | 8.6 | 0.8% |
Top Suppliers of Electric Soldering Iron to Mexico in 2022:
- China (1366.6K units)
- United States (351.1K units)
- Taiwan (Chinese) (104.5K units)
- Japan (33.1K units)
This report provides an in-depth analysis of the electric soldering iron 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 27903109 - Electric soldering irons and guns
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
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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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In April 2023, the electric soldering iron price stood at $19.0 per unit (FOB, Mexico), dropping by -4.8% against the previous month.
In April 2023, the electric soldering iron price stood at $19.0 per unit (FOB, Mexico), dropping by -4.8% against the previous month.