Price for Household or Laundry-Type Washing Machine in Mexico - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Mexico (FOB) - 2022
- Price for Household or Laundry-Type Washing Machine in Mexico (CIF) - 2022
- Exports of Household or Laundry-Type Washing Machine in Mexico
- Imports of Household or Laundry-Type Washing Machine in Mexico
Price for Household or Laundry-Type Washing Machine in Mexico (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $1,815 per unit in 2022, increasing by 3.7% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 215%. The export price peaked at $7,673 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,259 per unit), while the average price for exports to Venezuela ($542 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Mexico (CIF) - 2022
The average import price for household or laundry-type washing machines stood at $1,280 per unit in 2022, with an increase of 12% against the previous year. In general, the import price continues to indicate resilient growth. The growth pace was the most rapid in 2015 an increase of 258% against the previous year. Over the period under review, average import prices attained the maximum at $2,937 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($1,831 per unit), while the price for Japan ($62 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Household or Laundry-Type Washing Machine in Mexico
In 2022, exports of household or laundry-type washing machines from Mexico surged to 355K units, picking up by 25% on the year before. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.8% 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 +47.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine exports soared to $644M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +54.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Household or Laundry-Type Washing Machine in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 295 | 307 | 305 | 375 | 8.3% |
| Canada | N/A | 61.6 | 32.4 | 71.2 | 7.5% |
| Colombia | 30.0 | 22.8 | 44.1 | 61.4 | 27.0% |
| Peru | 22.5 | 16.3 | 27.0 | 33.5 | 14.2% |
| Guatemala | 10.0 | 12.7 | 18.9 | 25.7 | 37.0% |
| Panama | 6.0 | 5.4 | 10.7 | 18.0 | 44.2% |
| El Salvador | 5.7 | 5.3 | 11.0 | 13.7 | 34.0% |
| Ecuador | 7.4 | 6.9 | 11.1 | 12.5 | 19.1% |
| Chile | 18.3 | 17.1 | 15.8 | 6.8 | -28.1% |
| Others | 22.5 | 18.1 | 21.9 | 27.2 | 6.5% |
| Total | 417 | 473 | 499 | 644 | 15.6% |
Top Export Markets for Household or Laundry-Type Washing Machine from Mexico in 2022:
- United States (115.0K units)
- Colombia (69.6K units)
- Canada (64.4K units)
- Peru (32.5K units)
- Panama (29.5K units)
- Guatemala (10.9K units)
- El Salvador (5.7K units)
- Chile (5.5K units)
- Ecuador (5.5K units)
Imports of Household or Laundry-Type Washing Machine in Mexico
In 2022, overseas purchases of household or laundry-type washing machines decreased by -2.4% to 262K units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +47.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs at 269K units in 2021, and then fell in the following year.
In value terms, household or laundry-type washing machine imports expanded sharply to $336M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Household or Laundry-Type Washing Machine in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 102 | 115 | 163 | 161 | 16.4% |
| Vietnam | 31.7 | 46.6 | 40.3 | 52.3 | 18.2% |
| United States | 49.5 | 40.9 | 46.6 | 46.0 | -2.4% |
| South Korea | 26.9 | 13.0 | 19.2 | 30.0 | 3.7% |
| Thailand | 23.3 | 19.7 | 26.3 | 29.1 | 7.7% |
| Czech Republic | 1.8 | 1.1 | 0.4 | 5.2 | 42.4% |
| India | 3.8 | 3.0 | 4.0 | 1.8 | -22.0% |
| Japan | 2.9 | 2.4 | 0.9 | 0.3 | -53.1% |
| Others | 14.7 | 11.3 | 8.0 | 9.7 | -12.9% |
| Total | 257 | 253 | 308 | 336 | 9.3% |
Top Suppliers of Household or Laundry-Type Washing Machine to Mexico in 2022:
- China (130.5K units)
- United States (34.3K units)
- Vietnam (28.6K units)
- Thailand (24.5K units)
- South Korea (18.2K units)
- Japan (5.3K units)
- Czech Republic (4.5K units)
- India (4.5K units)
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