Pumps; Parts Thereof Price in Mexico - 2023
Contents:
- Pumps; Parts Thereof Price in Mexico (CIF) - 2023
- Pumps; Parts Thereof Price in Mexico (FOB) - 2023
- Pumps; Parts Thereof Imports in Mexico
- Pumps; Parts Thereof Exports in Mexico
Pumps; Parts Thereof Price in Mexico (CIF) - 2023
In June 2023, the average pumps; parts thereof import price amounted to $15,751 per ton, surging by 2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in March 2023 an increase of 33% against the previous month. As a result, import price reached the peak level of $16,249 per ton. From April 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($35,880 per ton), while the price for China ($11,783 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Mexico (FOB) - 2023
In June 2023, the average pumps; parts thereof export price amounted to $8,964 per ton, declining by -10.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 67% against the previous month. The export price peaked at $10,898 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Canada ($10,652 per ton), while the average price for exports to Colombia ($3,742 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.
Pumps; Parts Thereof Imports in Mexico
In 2022, the amount of pumps; parts thereoves imported into Mexico was estimated at 54K tons, approximately mirroring 2021 figures. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 127% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, pumps; parts thereof imports expanded slightly to $719M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Pumps; Parts Thereof in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 280 | 221 | 257 | 259 | -2.6% |
| China | 92.3 | 97.2 | 165 | 194 | 28.1% |
| Germany | 69.4 | 51.1 | 56.7 | 55.1 | -7.4% |
| Japan | 49.7 | 38.9 | 48.1 | 29.1 | -16.3% |
| Italy | 25.0 | 14.0 | 24.9 | 26.8 | 2.3% |
| India | 21.8 | 24.3 | 20.3 | 22.4 | 0.9% |
| South Korea | 29.6 | 16.0 | 18.2 | 20.9 | -11.0% |
| Taiwan (Chinese) | 7.9 | 6.1 | 7.7 | 11.5 | 13.3% |
| Others | 97.4 | 74.1 | 95.7 | 101 | 1.2% |
| Total | 673 | 543 | 694 | 719 | 2.2% |
Top Suppliers of Pumps; Parts Thereof to Mexico in 2022:
- United States (24.9K tons)
- China (16.9K tons)
- India (1.8K tons)
- Germany (1.7K tons)
- Italy (1.6K tons)
- South Korea (1.5K tons)
- Taiwan (Chinese) (0.9K tons)
- Japan (0.7K tons)
Pumps; Parts Thereof Exports in Mexico
After three years of growth, overseas shipments of pumps; parts thereoves decreased by -10.6% to 36K tons in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 418% against the previous year. As a result, the exports attained the peak of 40K tons, and then declined in the following year.
In value terms, pumps; parts thereof exports reduced modestly to $278M in 2022. In general, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 26%.
| Export of Pumps; Parts Thereof in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 241 | 183 | 231 | 240 | -0.1% |
| Canada | 8.3 | 3.3 | 7.7 | 11.6 | 11.8% |
| Others | 38.2 | 35.8 | 41.7 | 26.9 | -11.0% |
| Total | 287 | 222 | 280 | 278 | -1.1% |
Top Export Markets for Pumps; Parts Thereof from Mexico in 2022:
- United States (31.5K tons)
- Canada (3.4K tons)
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