Mexico: Files And Rasps Market 2024

Files And Rasps Market Size in Mexico

The Mexican files and rasps market shrank significantly to $X in 2022, which is down by -24.7% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Files And Rasps Production in Mexico

In value terms, files and rasps production dropped to $X in 2022 estimated in export price. In general, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 30%. Files and rasps production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Files And Rasps Exports

Exports from Mexico

For the third consecutive year, Mexico recorded decline in shipments abroad of files, rasps and similar tools, which decreased by -1.4% to X units in 2022. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 18%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, files and rasps exports contracted to $X in 2022. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala (X units), the United States (X units) and the Dominican Republic (X units) were the main destinations of files and rasps exports from Mexico, together comprising 76% of total exports. These countries were followed by El Salvador, Colombia, Costa Rica, Cuba, Peru, Panama and Nicaragua, which together accounted for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +13.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), the United States ($X) and the Dominican Republic ($X) were the largest markets for files and rasps exported from Mexico worldwide, together comprising 76% of total exports. El Salvador, Colombia, Costa Rica, Cuba, Peru, Panama and Nicaragua lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Peru, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average files and rasps export price stood at $X per unit in 2022, which is down by -13.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($X per unit) and Cuba ($X per unit), while the average price for exports to El Salvador ($X per unit) and Peru ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Files And Rasps Imports

Imports into Mexico

In 2022, approx. X units of files, rasps and similar tools were imported into Mexico; with a decrease of -2.8% compared with the previous year. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +64.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 69%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, files and rasps imports declined sharply to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +33.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 73%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, India (X units) constituted the largest files and rasps supplier to Mexico, accounting for a 46% share of total imports. Moreover, files and rasps imports from India exceeded the figures recorded by the second-largest supplier, Switzerland (X units), threefold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.0% per year) and China (+2.1% per year).

In value terms, India ($X) constituted the largest supplier of files, rasps and similar tools to Mexico, comprising 46% of total imports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+1.1% per year) and China (+1.3% per year).

Import Prices by Country

In 2022, the average files and rasps import price amounted to $X per unit, waning by -20.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 7.3% against the previous year. The import price peaked at $X per unit in 2021, and then dropped significantly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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