Seals; Mechanical Price in Mexico - 2023

Contents:

1. Seals; Mechanical Price in Mexico (CIF) - 2022
2. Seals; Mechanical Price in Mexico (FOB) - 2022
3. Seals; Mechanical Imports in Mexico
4. Seals; Mechanical Exports in Mexico

Seals; Mechanical Price in Mexico (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $1.9 per unit, growing by 20% against the previous year. Over the period under review, the import price enjoyed slight growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 70%. The import price peaked at $6.4 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7 per unit), while the price for India ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Mexico (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $3.8 per unit, reducing by -45.9% against the previous year. Over the period under review, the export price, however, saw pronounced growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices hit record highs at $10 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($14 per unit), while the average price for exports to the United States amounted to $3.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%).

Seals; Mechanical Imports in Mexico

In 2022, after three years of growth, there was significant decline in purchases abroad of seals; mechanicals, when their volume decreased by -7.7% to 39M units. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 98%. As a result, imports reached the peak of 43M units, and then declined in the following year.

In value terms, seals; mechanical imports rose markedly to $73M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Seals; Mechanical to Mexico in 2022:

1. United States (15.5M units)
2. China (11.1M units)
3. Taiwan (Chinese) (3.9M units)
4. India (2.3M units)
5. Japan (1.8M units)
6. Germany (1.4M units)
7. South Korea (0.9M units)
8. Italy (0.5M units)

Seals; Mechanical Exports in Mexico

Seals; mechanical exports from Mexico surged to 15M units in 2022, picking up by 104% against the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports totaled $55M in 2022. The total export value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Seals; Mechanical from Mexico in 2022:

1. United States (13.8M units)
2. Brazil (0.2M units)
3. Colombia (0.2M units)

Source: IndexBox Market Intelligence Platform