Mexico - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in Mexico - 2023
Contents:
- Price for Mechanical Shovel and Excavator in Mexico (CIF) - 2022
- Price for Mechanical Shovel and Excavator in Mexico (FOB) - 2023
- Imports of Mechanical Shovel and Excavator in Mexico
- Exports of Mechanical Shovel and Excavator in Mexico
Price for Mechanical Shovel and Excavator in Mexico (CIF) - 2022
The average mechanical shovel and excavator import price stood at $60,393 per unit in 2022, growing by 27% against the previous year. Overall, the import price saw a mild increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 34%. Over the period under review, average import prices reached the peak figure at $95,721 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($128,308 per unit), while the price for the United States ($23,675 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mechanical Shovel and Excavator in Mexico (FOB) - 2023
The average mechanical shovel and excavator export price stood at $23,674 per unit in April 2023, reducing by -40.8% against the previous month. Overall, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 91% month-to-month. As a result, the export price reached the peak level of $60,500 per unit. From November 2022 to April 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From July 2022 to April 2023, the rate of growth in terms of prices for the United States amounted to +5.9% per month.
Imports of Mechanical Shovel and Excavator in Mexico
In 2022, imports of mechanical shovels, excavators and shovel loaders into Mexico surged to 12K units, rising by 34% on 2021 figures. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, mechanical shovel and excavator imports skyrocketed to $709M in 2022. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 74%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Mechanical Shovel and Excavator in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.8 | 28.9 | 115 | 273 | 71.8% |
| United States | 128 | 96.9 | 118 | 143 | 3.8% |
| Brazil | 110 | 36.7 | 76.1 | 124 | 4.1% |
| Japan | 35.1 | 17.8 | 41.1 | 51.3 | 13.5% |
| India | 12.0 | 5.5 | 8.5 | 38.0 | 46.8% |
| South Korea | 10.6 | 7.6 | 21.9 | 33.3 | 46.5% |
| United Kingdom | 15.4 | 10.6 | 9.1 | 6.5 | -25.0% |
| Others | 53.4 | 34.3 | 24.9 | 39.3 | -9.7% |
| Total | 418 | 238 | 415 | 709 | 19.3% |
Top Suppliers of Mechanical Shovel and Excavator to Mexico in 2022:
- United States (6.1K units)
- China (2.1K units)
- Brazil (1.2K units)
- Japan (0.8K units)
- India (0.6K units)
- South Korea (0.3K units)
- United Kingdom (0.2K units)
Exports of Mechanical Shovel and Excavator in Mexico
In 2022, the amount of mechanical shovels, excavators and shovel loaders exported from Mexico shrank to 24 units, which is down by -7.7% compared with 2021. In general, exports recorded a sharp contraction. The exports peaked at 68 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, mechanical shovel and excavator exports declined to $934K in 2022. Overall, exports saw a precipitous decline. The exports peaked at $2.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Mechanical Shovel and Excavator in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,467 | 778 | 1,007 | 326 | -39.4% |
| Brazil | 743 | 542 | N/A | 195 | -36.0% |
| Venezuela | 281 | 283 | N/A | 194 | -11.6% |
| Argentina | 212 | 196 | N/A | 114 | -18.7% |
| Dominican Republic | N/A | N/A | N/A | N/A | 0% |
| Others | 132 | 300 | N/A | 105 | -7.3% |
| Total | 2,835 | 2,099 | 1,007 | 934 | -30.9% |
Top Export Markets for Mechanical Shovel and Excavator from Mexico in 2022:
- Brazil (11.0 units)
- United States (9.0 units)
- Venezuela (2.0 units)
- Argentina (1.0 units)
- Dominican Republic (1.0 units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
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
-
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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