Mexico - Equipment For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Internal Combustion Engine Equipment in Mexico - 2023
Contents:
- Price for Internal Combustion Engine Equipment in Mexico (CIF) - 2022
- Price for Internal Combustion Engine Equipment in Mexico (FOB) - 2023
- Imports of Internal Combustion Engine Equipment in Mexico
- Exports of Internal Combustion Engine Equipment in Mexico
Price for Internal Combustion Engine Equipment in Mexico (CIF) - 2022
In 2022, the average internal combustion engine equipment import price amounted to $6.2 per unit, rising by 15% against the previous year. Overall, the import price posted temperate growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 65% against the previous year. Over the period under review, average import prices attained the maximum at $11 per unit in 2016; however, from 2017 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 Japan ($26 per unit), while the price for China ($4.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Internal Combustion Engine Equipment in Mexico (FOB) - 2023
In August 2023, the average internal combustion engine equipment export price amounted to $4.2 per unit, with a decrease of -30.6% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 166% m-o-m. The export price peaked at $6.7 per unit in June 2023; however, from July 2023 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 the United States amounted to +0.3% per month.
Imports of Internal Combustion Engine Equipment in Mexico
After three years of growth, overseas purchases of equipment for internal combustion engines decreased by -10.3% to 14M units in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, imports attained the peak of 16M units, and then reduced in the following year.
In value terms, internal combustion engine equipment imports expanded to $88M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Internal Combustion Engine Equipment in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.4 | 26.4 | 39.6 | 42.4 | 14.3% |
| United States | 28.7 | 20.6 | 20.6 | 15.8 | -18.0% |
| Japan | 5.3 | 4.6 | 8.1 | 13.9 | 37.9% |
| Taiwan (Chinese) | 3.6 | 4.2 | 5.8 | 6.2 | 19.9% |
| Hungary | 7.2 | 6.9 | 4.2 | 2.4 | -30.7% |
| India | 0.3 | 0.4 | 0.9 | 1.6 | 74.7% |
| Others | 5.3 | 7.8 | 6.1 | 5.7 | 2.5% |
| Total | 78.8 | 70.9 | 85.2 | 88.0 | 3.7% |
Top Suppliers of Internal Combustion Engine Equipment to Mexico in 2022:
- China (10.1M units)
- United States (1.9M units)
- Taiwan (Chinese) (0.6M units)
- Japan (0.5M units)
- Hungary (0.2M units)
- India (0.2M units)
Exports of Internal Combustion Engine Equipment in Mexico
In 2022, shipments abroad of equipment for internal combustion engines decreased by -4.5% to 1.7M units, falling for the second year in a row after two years of growth. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 7%. As a result, the exports reached the peak of 2.3M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, internal combustion engine equipment exports contracted modestly to $6.4M in 2022. Overall, exports showed a deep contraction. The exports peaked at $11M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Internal Combustion Engine Equipment in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.6 | 9.4 | 6.1 | 6.0 | -17.3% |
| Guatemala | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
| Others | 0.3 | 0.9 | 0.2 | 0.1 | -30.7% |
| Total | 11.2 | 10.6 | 6.5 | 6.4 | -17.0% |
Top Export Markets for Internal Combustion Engine Equipment from Mexico in 2022:
- United States (1632.9K units)
- Guatemala (58.5K units)
This report provides an in-depth analysis of the market for internal combustion engine equipment 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 29312270 - Equipment, n.e.c., for internal combustion engines
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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