Mexico - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in Mexico - 2023
Contents:
- Interchangeable Spanner Socket Price in Mexico (CIF) - 2022
- Interchangeable Spanner Socket Price in Mexico (FOB) - 2023
- Interchangeable Spanner Socket Imports in Mexico
- Interchangeable Spanner Socket Exports in Mexico
Interchangeable Spanner Socket Price in Mexico (CIF) - 2022
In 2022, the average interchangeable spanner socket import price amounted to $8,414 per ton, remaining constant against the previous year. Overall, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 9.5%. As a result, import price attained the peak level of $11,339 per ton. From 2020 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 ($31,124 per ton), while the price for China ($5,179 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Interchangeable Spanner Socket Price in Mexico (FOB) - 2023
The average interchangeable spanner socket export price stood at $17,191 per ton in June 2023, dropping by -5.7% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 89% against the previous month. Over the period under review, the average export prices hit record highs at $22,606 per ton in November 2022; however, from December 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($25,379 per ton), while the average price for exports to El Salvador ($6,977 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Interchangeable Spanner Socket Imports in Mexico
Interchangeable spanner socket imports into Mexico surged to 4.9K tons in 2022, jumping by 32% against the year before. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 91% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, interchangeable spanner socket imports surged to $41M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Interchangeable Spanner Socket in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 10.3 | 10.0 | 16.2 | 21.0 | 26.8% |
| China | 7.4 | 5.8 | 7.9 | 12.5 | 19.1% |
| United States | 6.3 | 3.8 | 4.7 | 4.8 | -8.7% |
| Others | 3.0 | 2.0 | 2.1 | 2.5 | -5.9% |
| Total | 26.9 | 21.5 | 31.0 | 40.9 | 15.0% |
Top Suppliers of Interchangeable Spanner Socket to Mexico in 2022:
- China (2.4K tons)
- Taiwan (Chinese) (2.3K tons)
- United States (0.2K tons)
Interchangeable Spanner Socket Exports in Mexico
Interchangeable spanner socket exports from Mexico skyrocketed to 778 tons in 2022, with an increase of 23% on 2021 figures. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 143%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, interchangeable spanner socket exports totaled $11M in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 150%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Interchangeable Spanner Socket in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,261 | 1,019 | 8,112 | 8,507 | 89.0% |
| Guatemala | 366 | 375 | 584 | 744 | 26.7% |
| El Salvador | 184 | 216 | 168 | 429 | 32.6% |
| Colombia | 319 | 383 | 358 | 342 | 2.3% |
| Dominican Republic | 380 | 298 | 153 | 334 | -4.2% |
| Honduras | 344 | 309 | 330 | 269 | -7.9% |
| Peru | 466 | 670 | 536 | 197 | -24.9% |
| Nicaragua | 256 | 261 | 135 | 180 | -11.1% |
| Others | 815 | 771 | 363 | 274 | -30.5% |
| Total | 4,390 | 4,302 | 10,738 | 11,274 | 36.9% |
Top Export Markets for Interchangeable Spanner Socket from Mexico in 2022:
- United States (318.9 tons)
- Guatemala (183.1 tons)
- El Salvador (99.9 tons)
- Colombia (44.8 tons)
- Dominican Republic (35.9 tons)
- Honduras (28.5 tons)
- Peru (23.4 tons)
- Nicaragua (19.1 tons)
This report provides an in-depth analysis of the interchangeable spanner socket 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 25733037 - Interchangeable spanner sockets
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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