Mexico: Ignition Magneto Market 2024

Ignition Magneto Market Size in Mexico

In 2022, the Mexican ignition magneto market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, saw a mild slump. Ignition magneto consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Ignition Magneto Production in Mexico

In value terms, ignition magneto production contracted to $X in 2022 estimated in export price. In general, production saw a mild downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Ignition magneto production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Ignition Magneto Exports

Exports from Mexico

In 2022, overseas shipments of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports showed a significant decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, ignition magneto exports shrank rapidly to $X in 2022. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

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

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

In value terms, the United States ($X) also remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels 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

In 2022, the average ignition magneto export price amounted to $X per unit, with an increase of X% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price 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, ignition magneto export price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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.

Ignition Magneto Imports

Imports into Mexico

In 2022, supplies from abroad of ignition magnetos, magneto-dynamos and magnetic flywheels increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, ignition magneto imports skyrocketed 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

Taiwan (Chinese) (X units), China (X units) and the United States (X units) were the main suppliers of ignition magneto imports to Mexico, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X), China ($X) and the United States ($X) were the largest ignition magneto suppliers to Mexico, with a combined X% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price 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, ignition magneto import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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