Mexico: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Mexico

In 2022, the Mexican market for turbo, rotary and reciporating displacement compressors increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Mexico

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Mexico, accounting for a X% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to the United States exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, remaining stable against the previous year. In general, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%).

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Mexico

In 2022, supplies from abroad of turbo, rotary and reciporating displacement compressors increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, the United States (X units) was the main supplier of turbo, rotary and reciporating displacement compressor to Mexico, with a X% share of total imports. It was followed by China (X units), with a X% share of total imports. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the United States ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Mexico, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, showed a deep slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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