Price for Electrical Insulators of Any Material in Mexico - 2023

Price for Electrical Insulators of Any Material in Mexico (CIF) - 2022

The average import price for electrical insulators of any materials stood at $2.1 per unit in 2022, rising by 12% against the previous year. Overall, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 162%. Over the period under review, average import prices hit record highs at $5.2 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3.4 per unit), while the price for Spain ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Mexico (FOB) - 2022

The average export price for electrical insulators of any materials stood at $1.9 per unit in 2022, picking up by 6.4% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulators of any material export price increased by +19.3% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 25%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2 per unit), while the average price for exports to Panama totaled less than $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.6%).

Imports of Electrical Insulators of Any Material in Mexico

In 2022, overseas purchases of electrical insulators of any materials decreased by -5.7% to 60M units, falling for the second consecutive year after two years of growth. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.9% 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 decreased by -6.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. As a result, imports reached the peak of 64M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical insulators of any material imports totaled $124M in 2022. In general, imports, however, recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Electrical Insulators of Any Material in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	57.6	56.6	54.7	51.5	-3.7%
China	25.8	26.6	27.8	32.0	7.4%
Taiwan (Chinese)	4.3	7.7	7.6	11.9	40.4%
Japan	11.7	11.9	9.6	9.6	-6.4%
South Korea	2.6	3.9	3.9	4.1	16.4%
Germany	4.2	2.7	1.7	3.1	-9.6%
Spain	1.2	1.0	1.6	0.6	-20.6%
Vietnam	1.1	0.9	0.1	0.2	-43.3%
Others	14.1	10.6	10.5	11.3	-7.1%
Total	123	122	117	124	0.3%

Top Suppliers of Electrical Insulators of Any Material to Mexico in 2022:

United States (22.0M units)
China (13.6M units)
Japan (10.4M units)
Taiwan (Chinese) (3.5M units)
South Korea (2.5M units)
Germany (1.4M units)
Spain (1.4M units)
Vietnam (0.8M units)

Exports of Electrical Insulators of Any Material in Mexico

Electrical insulators of any material exports from Mexico skyrocketed to 36M units in 2022, jumping by 35% on the previous year. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 increased by +46.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material exports surged to $67M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Electrical Insulators of Any Material in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	42.1	41.0	45.4	66.2	16.3%
Panama	N/A	N/A	N/A	0.1	0%
United Arab Emirates	0.9	1.1	0.7	N/A	-11.8%
Others	0.7	0.8	0.2	0.3	-24.6%
Total	43.8	42.9	46.3	66.6	15.0%