Price for Machinery; Parts of the Machinery of Heading No. 8425 in Mexico - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Mexico (CIF) - 2023
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Mexico (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Mexico
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Mexico
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Mexico (CIF) - 2023
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $11,203 per ton in November 2023, waning by -19.5% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 51% m-o-m. As a result, import price attained the peak level of $13,925 per ton, and then declined sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($75,577 per ton), while the price for China ($5,394 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Mexico (FOB) - 2023
In November 2023, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $6,682 per ton, dropping by -1.7% against the previous month. Overall, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in February 2023 an increase of 22% against the previous month. Over the period under review, the average export prices reached the maximum at $9,675 per ton in June 2023; however, from July 2023 to November 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 December 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -2.6% per month.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Mexico
In 2022, approx. 5.4K tons of machinery; parts of the machinery of heading no. 8425 were imported into Mexico; picking up by 13% on 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 421%. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 surged to $56M in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 273% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 5.3 | 34.2 | 39.3 | 76.9% |
| Japan | 0.7 | 0.4 | 5.2 | 7.4 | 119.5% |
| China | 3.3 | 2.4 | 4.2 | 5.7 | 20.0% |
| Canada | 2.5 | 1.7 | 1.2 | 1.5 | -15.7% |
| Others | 3.0 | 2.6 | 1.6 | 2.4 | -7.2% |
| Total | 16.6 | 12.5 | 46.5 | 56.3 | 50.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Mexico in 2022:
- United States (3.5K tons)
- China (1.0K tons)
- Japan (0.6K tons)
- Canada (0.2K tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Mexico
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 exported from Mexico surged to 507 tons, growing by 300% compared with the year before. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $3.7M in 2022. In general, exports, however, continue to indicate a abrupt setback.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 5.4 | 0.8 | 3.7 | -12.4% |
| Canada | 0.5 | 1.1 | N/A | N/A | 120.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.0 | 6.6 | 0.8 | 3.7 | -14.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Mexico in 2022:
- United States (506.5 tons)
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