Mexico - Static Converters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStatic Converter Price in Mexico - 2023
Contents:
- Static Converter Price in Mexico (CIF) - 2023
- Static Converter Price in Mexico (FOB) - 2023
- Static Converter Imports in Mexico
- Static Converter Exports in Mexico
Static Converter Price in Mexico (CIF) - 2023
The average static converter import price stood at $5.1 per unit in June 2023, waning by -25.8% against the previous month. Overall, the import price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in September 2022 an increase of 335% month-to-month. Over the period under review, average import prices reached the maximum at $18.0 per unit in January 2023; however, from February 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($62.5 per unit), while the price for China ($2.5 per unit) was amongst the lowest.
From August 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Static Converter Price in Mexico (FOB) - 2023
In June 2023, the average static converter export price amounted to $39.4 per unit, waning by -13.9% against the previous month. Over the period from August 2022 to June 2023, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in December 2022 when the average export price increased by 47% m-o-m. Over the period under review, the average export prices attained the maximum at $47.5 per unit in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($39.3 per unit), while the average price for exports to China stood at $5.9 per unit.
From August 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.3%).
Static Converter Imports in Mexico
In 2022, the amount of static converters imported into Mexico skyrocketed to 331M units, picking up by 48% against the previous year's figure. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 153%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, static converter imports skyrocketed to $3.4B in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Static Converter in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,237 | 1,229 | 1,473 | 1,849 | 14.3% |
| United States | 368 | 326 | 443 | 535 | 13.3% |
| Thailand | 209 | 202 | 227 | 283 | 10.6% |
| Vietnam | 48.9 | 66.2 | 75.8 | 106 | 29.4% |
| Taiwan (Chinese) | 30.5 | 39.6 | 52.7 | 74.4 | 34.6% |
| Others | 614 | 486 | 510 | 591 | -1.3% |
| Total | 2,507 | 2,349 | 2,781 | 3,440 | 11.1% |
Top Suppliers of Static Converter to Mexico in 2022:
- China (271.8M units)
- United States (17.9M units)
- Vietnam (8.9M units)
- Thailand (8.6M units)
- Taiwan (Chinese) (6.4M units)
Static Converter Exports in Mexico
In 2022, approx. 67M units of static converters were exported from Mexico; picking up by 15% against 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 152% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, static converter exports skyrocketed to $2.4B in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Static Converter in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.4 | 1.4 | 1.6 | 2.2 | 16.3% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 1.5 | 1.5 | 1.7 | 2.4 | 17.0% |
Top Export Markets for Static Converter from Mexico in 2022:
- United States (64.8M units)
This report provides an in-depth analysis of the static converter market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27115023 -
- Prodcom 27115030 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
- Prodcom 27115033 - Accumulator chargers
- Prodcom 27115035 -
- Prodcom 27115040 - Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereof
- Prodcom 27115053 - Inverters having a power handling capacity . 7,5 kVA
- Prodcom 27115055 - Inverters having a power handling capacity > 7,5 kVA
- Prodcom 27115070 - Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
- Prodcom 27904130 -
- Prodcom 27904140 -
- Prodcom 27904153 -
- Prodcom 27904155 -
- Prodcom 27904170 -
- Prodcom 27904190 -
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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