Mexico: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Mexico

In 2022, the Mexican electrical signalling apparatus market decreased by X% to $X, falling for the third year in a row after five years of growth. In general, consumption showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electrical Signalling Apparatus Production in Mexico

In value terms, electrical signalling apparatus production declined to $X in 2022 estimated in export price. Overall, the total production indicated a resilient 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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Electrical Signalling Apparatus Exports

Exports from Mexico

For the fourth year in a row, Mexico recorded growth in shipments abroad of electrical apparatus for sound or visual signalling, which increased by X% to X units in 2022. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, electrical signalling apparatus exports soared to $X in 2022. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for electrical signalling apparatus exports from Mexico, accounting for a approx. X% share of total exports.

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

In value terms, the United States ($X) also remains the key foreign market for electrical apparatus for sound or visual signalling exports from Mexico.

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

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Electrical Signalling Apparatus Imports

Imports into Mexico

In 2022, overseas purchases of electrical apparatus for sound or visual signalling increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical signalling apparatus to Mexico, accounting for a X% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by South Korea (X units), with a X% share.

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

In value terms, the largest electrical signalling apparatus suppliers to Mexico were the United States ($X), China ($X) and Japan ($X), together accounting for X% of total imports. South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average electrical signalling apparatus import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price posted a perceptible increase. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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