Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico (CIF) - 2023
2. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico (FOB) - 2023
3. Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico
4. Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico (CIF) - 2023

In November 2023, the average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $52,463 per ton, which is down by -19.6% against the previous month. Over the period under review, the import price showed a mild setback. The most prominent rate of growth was recorded in May 2023 an increase of 150% against the previous month. Over the period under review, average import prices reached the peak figure at $79,858 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($114K per ton), while the price for China ($18,385 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 the United States (+1.2%), while the prices for the other major suppliers experienced a decline.

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico (FOB) - 2023

In November 2023, the average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $28,822 per ton, reducing by -39% against the previous month. Over the period under review, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in September 2023 an increase of 47% month-to-month. As a result, the export price attained the peak level of $81,788 per ton. From October 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was the United States ($31,249 per ton), while the average price for exports to Guatemala ($8,859 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+3.3%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico

In 2022, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses into Mexico shrank modestly to 2.5K tons, falling by -1.8% against 2021 figures. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 186%. As a result, imports attained the peak of 2.6K tons, and then contracted modestly in the following year.

In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses rose notably to $126M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to Mexico in 2022:

1. China (1691.0 tons)
2. United States (374.5 tons)
3. Germany (151.1 tons)
4. Taiwan (Chinese) (67.3 tons)
5. South Korea (53.4 tons)
6. Japan (40.7 tons)
7. Israel (15.6 tons)

Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Mexico

In 2022, overseas shipments of machine-tools; parts and accessories, tool holders and self-opening dieheadses decreased by -67.2% to 183 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 192%. As a result, the exports attained the peak of 558 tons, and then contracted notably in the following year.

In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses shrank markedly to $8.4M in 2022. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $19M, and then shrank significantly in the following year.

Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from Mexico in 2022:

1. United States (165.6 tons)
2. Colombia (7.7 tons)
3. Guatemala (3.1 tons)

Source: IndexBox Market Intelligence Platform