Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico (FOB) - 2023
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico (CIF) - 2023
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico (FOB) - 2023
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $12,747 per unit in October 2023, with a decrease of -1.9% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in March 2023 an increase of 21% against the previous month. The export price peaked at $15,266 per unit in August 2023; afterwards, it flattened through to October 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From November 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +1.1% per month.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico (CIF) - 2023
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $8,597 per unit in October 2023, reducing by -16.6% against the previous month. Overall, import price indicated a strong expansion from November 2022 to October 2023: its price increased at an average monthly rate of +5.0% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -16.6% against September 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 61% month-to-month. Over the period under review, average import prices reached the peak figure at $10,303 per unit in September 2023, and then fell sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($13,786 per unit), while the price for the United States ($4,458 per unit) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico
After two years of decline, overseas shipments of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs increased by 712% to 105K units in 2022. In general, exports, however, recorded a noticeable setback. The exports peaked at 112K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs surged to $1.2B in 2022. Over the period under review, exports, however, showed a perceptible downturn. Over the period under review, the exports of reached the peak figure at $1.3B in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,264 | 1,141 | 140 | 1,182 | -2.2% |
| Canada | N/A | 93.5 | N/A | N/A | 0% |
| Others | 24.9 | 58.0 | 6.0 | 4.4 | -43.9% |
| Total | 1,289 | 1,293 | 146 | 1,186 | -2.7% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Mexico in 2022:
- United States (104.8K units)
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico
For the fourth consecutive year, Mexico recorded growth in purchases abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs, which increased by 337% to 198K units in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs soared to $551M in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 10.3 | 36.9 | 160 | 173.7% |
| Brazil | N/A | 79.0 | 31.4 | 125 | 25.8% |
| India | 24.2 | 15.0 | 27.3 | 124 | 72.4% |
| Japan | 21.6 | 21.6 | 15.9 | 110 | 72.0% |
| United States | 32.3 | 21.5 | 27.1 | 28.0 | -4.7% |
| Others | 10.2 | 5.5 | 2.6 | 3.1 | -32.8% |
| Total | 96.1 | 153 | 141 | 551 | 79.0% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Mexico in 2022:
- India (113.2K units)
- China (45.4K units)
- Japan (19.5K units)
- Brazil (13.3K units)
- United States (6.1K units)
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