Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico (CIF) - 2023
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico (CIF) - 2023
The average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $94.2 per unit in December 2023, reducing by -5.6% against the previous month. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 56% m-o-m. Over the period under review, average import prices hit record highs at $142 per unit in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($396 per unit), while the price for Taiwan (Chinese) ($48.6 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $79 per unit in 2022, waning by -28.8% against the previous year. Over the period under review, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. Over the period under review, the average export prices attained the maximum at $218 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($179 per unit), while the average price for exports to the Dominican Republic ($22 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 Japan (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico
In 2022, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) into Mexico reduced to 416K units, dropping by -9.1% on the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of 458K units, and then reduced in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) rose significantly to $38M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.1 | 8.4 | 10.7 | 12.3 | 0.5% |
| Taiwan (Chinese) | 8.3 | 6.7 | 8.3 | 9.4 | 4.2% |
| China | 5.6 | 3.8 | 5.5 | 6.4 | 4.6% |
| Japan | 3.5 | 2.3 | 2.6 | 2.4 | -11.8% |
| Others | 7.3 | 5.4 | 6.8 | 7.2 | -0.5% |
| Total | 36.9 | 26.5 | 33.8 | 37.7 | 0.7% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Mexico in 2022:
- Taiwan (Chinese) (182.8K units)
- China (171.0K units)
- United States (36.5K units)
- Japan (11.0K units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico
In 2022, the amount of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) exported from Mexico soared to 11K units, rising by 26% against 2021 figures. Over the period under review, exports, however, recorded a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 45%. As a result, the exports reached the peak of 37K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) contracted to $905K in 2022. Overall, exports, however, continue to indicate a significant contraction. The smallest decline of -5.9% was in 2020. Over the period under review, the exports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) attained the peak figure at $3.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 892 | 755 | 665 | 639 | -10.5% |
| Peru | 2,483 | 2,114 | 163 | 126 | -63.0% |
| Colombia | 313 | 439 | 64.3 | 62.4 | -41.6% |
| Ecuador | N/A | 25.4 | N/A | 27.1 | 3.3% |
| El Salvador | 25.9 | 13.6 | 18.2 | 22.8 | -4.2% |
| Guatemala | 34.5 | 47.3 | 45.2 | 15.7 | -23.1% |
| Dominican Republic | 24.8 | 21.3 | 2.4 | 7.7 | -32.3% |
| Cuba | 1.0 | 59.3 | N/A | N/A | 5830.0% |
| Others | 88.5 | 161 | 51.8 | 5.3 | -60.9% |
| Total | 3,863 | 3,635 | 1,010 | 905 | -38.4% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Mexico in 2022:
- United States (3.6K units)
- Peru (3.3K units)
- Colombia (2.6K units)
- El Salvador (0.6K units)
- Ecuador (0.5K units)
- Guatemala (0.4K units)
- Dominican Republic (0.4K units)
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