Price for Winches and Capstans; Not Powered by an Electric Motor in Mexico - 2023
Contents:
- Price for Winches and Capstans; Not Powered by an Electric Motor in Mexico (FOB) - 2023
- Price for Winches and Capstans; Not Powered by an Electric Motor in Mexico (CIF) - 2023
- Exports of Winches and Capstans; Not Powered by an Electric Motor in Mexico
- Imports of Winches and Capstans; Not Powered by an Electric Motor in Mexico
Price for Winches and Capstans; Not Powered by an Electric Motor in Mexico (FOB) - 2023
The average export price for winches and capstans; not powered by an electric motors stood at $14.5 per unit in December 2023, dropping by -20% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2023 an increase of 29% m-o-m. As a result, the export price attained the peak level of $18.1 per unit, and then contracted remarkably in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -0.4% per month.
Price for Winches and Capstans; Not Powered by an Electric Motor in Mexico (CIF) - 2023
The average import price for winches and capstans; not powered by an electric motors stood at $12.3 per unit in December 2023, declining by -13.5% against the previous month. Overall, the import price saw a noticeable decrease. The pace of growth appeared the most rapid in October 2023 an increase of 110% against the previous month. As a result, import price reached the peak level of $41.6 per unit. From November 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($66.2 per unit), while the price for China stood at $7.8 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (-1.2%).
Exports of Winches and Capstans; Not Powered by an Electric Motor in Mexico
In 2022, the amount of winches and capstans; not powered by an electric motors exported from Mexico surged to 85K units, with an increase of 33% on the previous year. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of winches and capstans; not powered by an electric motors soared to $25M in 2022. In general, exports, however, faced a drastic downturn. The exports peaked at $38M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Winches and Capstans; Not Powered by an Electric Motor in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.3 | 27.5 | 20.7 | 24.8 | -12.7% |
| Others | 0.5 | 0.4 | 0.1 | 0.1 | -41.5% |
| Total | 37.7 | 27.9 | 20.8 | 24.8 | -13.0% |
Top Export Markets for Winches and Capstans; Not Powered by an Electric Motor from Mexico in 2022:
- United States (84.5K units)
Imports of Winches and Capstans; Not Powered by an Electric Motor in Mexico
Imports of winches and capstans; not powered by an electric motors into Mexico dropped to 123K units in 2022, waning by -15% compared with the previous year's figure. Over the period under review, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 8.1%. Imports peaked at 252K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of winches and capstans; not powered by an electric motors rose to $13M in 2022. Overall, imports continue to indicate a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Imports peaked at $13M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Winches and Capstans; Not Powered by an Electric Motor in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.6 | 4.8 | 6.1 | 6.6 | -8.4% |
| China | 2.2 | 2.4 | 4.1 | 5.0 | 31.5% |
| Italy | 0.9 | 1.2 | 0.6 | 0.4 | -23.7% |
| Others | 1.6 | 2.1 | 1.4 | 0.8 | -20.6% |
| Total | 13.3 | 10.6 | 12.2 | 12.8 | -1.3% |
Top Suppliers of Winches and Capstans; Not Powered by an Electric Motor to Mexico in 2022:
- United States (60.5K units)
- China (55.8K units)
- Italy (4.5K units)
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