Mexico: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Mexico

For the third year in a row, the Mexican wood bending machine market recorded decline in sales value, which decreased by -16.7% to $X in 2021. Overall, consumption, however, showed strong growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Wood Bending Machine Exports

Exports from Mexico

In 2021, approx. X units of bending or assembling machines were exported from Mexico; growing by 50% against the previous year. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 1,219% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood bending machine exports soared to $X in 2021. In general, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 647%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X units), the United States (X units) and Italy (X units) were the main destinations of wood bending machine exports from Mexico, with a combined 92% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Italy ($X) and the United States ($X) were the largest markets for wood bending machine exported from Mexico worldwide, with a combined 96% share of total exports.

Italy, with a CAGR of +53.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, surging by 5.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 111% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Mexico

For the third consecutive year, Mexico recorded decline in purchases abroad of bending or assembling machines, which decreased by -4% to X units in 2021. Over the period under review, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2014 with an increase of 55%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, wood bending machine imports dropped rapidly to $X in 2021. Overall, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 81% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wood bending machine supplier to Mexico, accounting for a 69% share of total imports. Moreover, wood bending machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Italy (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and Italy (+4.3% per year).

In value terms, the largest wood bending machine suppliers to Mexico were the United States ($X), China ($X) and Germany ($X), together accounting for 86% of total imports.

Among the main suppliers, China, with a CAGR of +25.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, falling by -14.7% against the previous year. In general, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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