Mexico: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Mexico

The Mexican market for industrial, laboratory or bakery ovens expanded modestly to $X in 2022, growing by X% against the previous year. Overall, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Production of Industrial, Laboratory or Bakery Ovens in Mexico

In value terms, industrial, laboratory or bakery oven production expanded to $X in 2022 estimated in export price. In general, production saw a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Industrial, laboratory or bakery oven production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Mexico

In 2022, the amount of industrial, laboratory or bakery ovens exported from Mexico surged to X units, jumping by X% against the year before. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven exports surged to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for industrial, laboratory or bakery oven exports from Mexico, with a X% share of total exports. It was followed by Guatemala (X units), with a X% share of total exports.

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

In value terms, the United States ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, rising by X% against the previous year. In general, the export price showed a significant increase. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala stood at $X per unit.

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

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Mexico

Industrial, laboratory or bakery oven imports into Mexico surged to X units in 2022, growing by X% on the previous year's figure. Over the period under review, imports showed a tangible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports surged to $X in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X units), China (X units) and Italy (X units) were the main suppliers of industrial, laboratory or bakery oven imports to Mexico, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial, laboratory or bakery oven suppliers to Mexico were the United States ($X), China ($X) and Germany ($X), with a combined X% share of total imports. Japan, Italy, India, Spain, Canada and France lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price showed a moderate increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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