Mexico - Cards Incorporating A Magnetic Stripe - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnetic Card Price in Mexico - 2023
Contents:
- Magnetic Card Price in Mexico (CIF) - 2023
- Magnetic Card Price in Mexico (FOB) - 2023
- Magnetic Card Imports in Mexico
- Magnetic Card Exports in Mexico
Magnetic Card Price in Mexico (CIF) - 2023
The average magnetic card import price stood at $342 per thousand units in August 2023, falling by -1.8% against the previous month. Overall, the import price showed a noticeable decline. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 60% against the previous month. The import price peaked at $617 per thousand units in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($354 per thousand units), while the price for China stood at $104 per thousand units.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (-2.5%).
Magnetic Card Price in Mexico (FOB) - 2023
The average magnetic card export price stood at $624 per thousand units in August 2023, growing by 78% against the previous month. In general, the export price, however, showed a deep slump. The growth pace was the most rapid in March 2023 when the average export price increased by 174% against the previous month. Over the period under review, the average export prices attained the peak figure at $3.1 per unit in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat 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 Honduras amounted to +5.9% per month.
Magnetic Card Imports in Mexico
After two years of decline, supplies from abroad of cards incorporating a magnetic stripe increased by 2.6% to 14M units in 2022. In general, imports, however, faced a sharp curtailment. Over the period under review, imports reached the maximum at 44M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, magnetic card imports stood at $4.4M in 2022. Over the period under review, imports, however, recorded a sharp reduction. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Magnetic Card in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.5 | 4.5 | 3.9 | 4.2 | -23.8% |
| China | 1.2 | 0.4 | 0.1 | 0.2 | -45.0% |
| Malaysia | 0.3 | 0.3 | N/A | N/A | 0.0% |
| Others | 0.5 | 1.8 | N/A | N/A | 260.0% |
| Total | 11.4 | 7.0 | 4.0 | 4.4 | -27.2% |
Top Suppliers of Magnetic Card to Mexico in 2022:
- United States (13.1M units)
- China (0.6M units)
Magnetic Card Exports in Mexico
In 2022, overseas shipments of cards incorporating a magnetic stripe decreased by -2.9% to 631K units, falling for the second consecutive year after two years of growth. In general, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 969%. As a result, the exports attained the peak of 16M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, magnetic card exports soared to $412K in 2022. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 891% against the previous year. As a result, the exports attained the peak of $6.6M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Magnetic Card in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 6.5 | 0.2 | 0.3 | -20.6% |
| Honduras | N/A | N/A | N/A | 0.1 | 0% |
| Ecuador | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 0.7 | 6.6 | 0.2 | 0.4 | -17.0% |
Top Export Markets for Magnetic Card from Mexico in 2022:
- United States (510.0K units)
- Honduras (102.9K units)
- Ecuador (17.8K units)
This report provides an in-depth analysis of the magnetic card 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 26801400 - Cards incorporating a magnetic stripe
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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