Mexico - Multimeters - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 1, 2024

Mexico - Multimeters - Market Analysis, Forecast, Size, Trends And Insights

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Multimeter Price in Mexico - 2023

Contents:

  1. Multimeter Price in Mexico (CIF) - 2022
  2. Multimeter Price in Mexico (FOB) - 2022
  3. Multimeter Imports in Mexico
  4. Multimeter Exports in Mexico

Multimeter Price in Mexico (CIF) - 2022

The average multimeter import price stood at $23 per unit in 2022, with a decrease of -3.7% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 6.5%. As a result, import price attained the peak level of $59 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($23 per unit) and the United States ($23 per unit), while the price for Hungary ($23 per unit) and Taiwan (Chinese) ($23 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-8.4%), while the prices for the other major suppliers experienced a decline.

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Multimeter Price in Mexico (FOB) - 2022

The average multimeter export price stood at $62 per unit in 2022, declining by -12.4% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2021 an increase of 36%. As a result, the export price attained the peak level of $71 per unit, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($62 per unit) and the United States ($62 per unit), while the average price for exports to El Salvador ($62 per unit) and Colombia ($62 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports in Mexico

In 2022, imports of multimeters into Mexico shrank modestly to 523K units, falling by -2.4% on 2021. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. As a result, imports reached the peak of 536K units, and then shrank slightly in the following year.

In value terms, multimeter imports reduced to $12M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.9% 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 +50.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $13M, and then fell in the following year.

Import of Multimeter in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.23.75.04.95.3%
Malaysia0.50.63.03.285.7%
United States1.61.62.42.312.9%
Taiwan (Chinese)0.60.60.80.914.5%
South Korea0.30.20.30.30.0%
Germany0.20.10.90.1-20.6%
Hungary0.60.10.10.1-45.0%
Singapore1.30.70.1N/A-72.3%
Others0.70.40.20.2-34.1%
Total10.18.012.812.05.9%

Top Suppliers of Multimeter to Mexico in 2022:

  1. Singapore (undefinedK units)
  2. China (213.2K units)
  3. Malaysia (140.1K units)
  4. United States (98.3K units)
  5. Taiwan (Chinese) (39.4K units)
  6. South Korea (12.9K units)
  7. Hungary (4.4K units)
  8. Germany (4.3K units)

Multimeter Exports in Mexico

In 2022, the amount of multimeters exported from Mexico soared to 14K units, rising by 47% on the year before. In general, exports, however, showed a dramatic downturn. Over the period under review, the exports attained the peak figure at 32K units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, multimeter exports soared to $887K in 2022. Over the period under review, exports, however, saw a drastic downturn. The exports peaked at $1.7M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Export of Multimeter in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States798819611760-1.6%
Guatemala10710123.557.9-18.5%
El SalvadorN/A66.7N/A38.1-24.4%
Colombia10316223.815.1-47.3%
Dominican Republic116N/AN/AN/A0%
Peru1923006.0N/A-82.3%
Others20421524.516.1-57.1%
Total1,5201,662689887-16.4%

Top Export Markets for Multimeter from Mexico in 2022:

  1. United States (12.3K units)
  2. Guatemala (0.9K units)
  3. El Salvador (0.6K units)
  4. Colombia (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the multimeter 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 26514310 - Multimeters

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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