Mexico - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Mexico - 2023
Contents:
- Mobile Phone Price in Mexico (CIF) - 2023
- Mobile Phone Price in Mexico (FOB) - 2023
- Mobile Phone Imports in Mexico
- Mobile Phone Exports in Mexico
Mobile Phone Price in Mexico (CIF) - 2023
The average mobile phone import price stood at $170 per unit in June 2023, which is down by -10% against the previous month. Overall, the import price, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in January 2023 an increase of 73% month-to-month. As a result, import price reached the peak level of $336 per unit. From February 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($263 per unit), while the price for China totaled $153 per unit.
From August 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.3%).
Mobile Phone Price in Mexico (FOB) - 2023
The average mobile phone export price stood at $144 per unit in June 2023, waning by -6.2% against the previous month. Over the period under review, export price indicated a resilient expansion from August 2022 to June 2023: its price increased at an average monthly rate of +5.6% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, mobile phone export price decreased by -21.6% against April 2023 indices. The growth pace was the most rapid in September 2022 an increase of 72% against the previous month. Over the period under review, the average export prices reached the maximum at $184 per unit in April 2023; however, from May 2023 to June 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 June 2023, the rate of growth in terms of prices for China amounted to +30.3% per month.
Mobile Phone Imports in Mexico
In 2022, the amount of mobile phones imported into Mexico dropped dramatically to 668K units, declining by -98.2% compared with 2021 figures. Over the period under review, imports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 128% against the previous year. As a result, imports reached the peak of 37M units, and then fell markedly in the following year.
In value terms, mobile phone imports shrank markedly to $128M in 2022. Overall, imports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at $5.2B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Mobile Phone in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 3.1 | 4.4 | 0.1 | -72.1% |
| Vietnam | 0.6 | 0.6 | 0.7 | N/A | 8.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.2 | 3.7 | 5.1 | 0.1 | -73.2% |
Top Suppliers of Mobile Phone to Mexico in 2022:
- China (660.6K units)
- Vietnam (4.8K units)
Mobile Phone Exports in Mexico
In 2022, approx. 73K units of mobile phones were exported from Mexico; declining by -96.9% against the year before. Over the period under review, exports showed a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of 2.3M units, and then reduced dramatically in the following year.
In value terms, mobile phone exports shrank significantly to $6.4M in 2022. Overall, exports faced a dramatic contraction. The smallest decline of -28.9% was in 2021. Over the period under review, the exports attained the maximum at $434M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Mobile Phone in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 377 | 184 | 168 | 6.4 | -74.3% |
| Hong Kong SAR | 11.8 | 14.5 | 3.5 | N/A | -45.5% |
| China | 42.0 | 58.7 | 10.0 | N/A | -51.2% |
| Others | 3.1 | 0.3 | 1.4 | N/A | -32.8% |
| Total | 434 | 258 | 183 | 6.4 | -75.5% |
Top Export Markets for Mobile Phone from Mexico in 2022:
- United States (73.3K units)
This report provides an in-depth analysis of the mobile phone 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 26302200 - Telephones for cellular networks or for other wireless networks
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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