Mexico: Circuit Breaker Market 2024

Circuit Breaker Market Size in Mexico

The Mexican circuit breaker market shrank modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant increase. Circuit breaker consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Circuit Breaker Production in Mexico

In value terms, circuit breaker production expanded modestly to $X in 2022 estimated in export price. Overall, production posted a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Circuit breaker production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Circuit Breaker Exports

Exports from Mexico

In 2022, the amount of automatic circuit breakers exported from Mexico stood at X units, increasing by X% compared with 2021 figures. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, circuit breaker exports rose remarkably to $X in 2022. Overall, total exports indicated a prominent 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, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units) was the main destination for circuit breaker exports from Mexico, accounting for a X% share of total exports. It was followed by Germany (X units), with a X% share of total exports.

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

In value terms, the United States ($X) remains the key foreign market for automatic circuit breakers exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the average price for exports to the United States stood at $X per unit.

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

Circuit Breaker Imports

Imports into Mexico

Circuit breaker imports into Mexico declined modestly to X units in 2022, shrinking by X% on the previous year. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then reduced slightly in the following year.

In value terms, circuit breaker imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest circuit breaker supplier to Mexico, accounting for a X% share of total imports. Moreover, circuit breaker imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Italy (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, the United States ($X) constituted the largest supplier of automatic circuit breakers to Mexico, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by China, 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: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :