Mexico: Market for Laptops and Palm-Top Computers 2023

Market Size for Laptops and Palm-Top Computers in Mexico

For the fifth year in a row, the Mexican laptop and tablet computer market recorded growth in sales value, which increased by 9.3% to $X in 2021. The market value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in years to come.

Production of Laptops and Palm-Top Computers in Mexico

In value terms, laptop and tablet computer production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 32% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Exports of Laptops and Palm-Top Computers

Exports from Mexico

After two years of growth, shipments abroad of laptops and palm-top computers decreased by -22.6% to X units in 2021. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 40%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, laptop and tablet computer exports dropped rapidly to $X in 2021. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2013 when exports increased by 40%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for laptop and tablet computer exports from Mexico, with a 85% share of total exports. Moreover, laptop and tablet computer exports to the United States exceeded the volume sent to the second major destination, China (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -16.3%.

In value terms, the United States ($X) remains the key foreign market for laptops and palm-top computers exports from Mexico, comprising 86% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -12.9%.

Export Prices by Country

In 2021, the average laptop and tablet computer export price amounted to $X per unit, growing by 4.5% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laptop and tablet computer export price increased by +54.4% against 2014 indices. The growth pace was the most rapid in 2018 when the average export price increased by 18% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.2%).

Imports of Laptops and Palm-Top Computers

Imports into Mexico

In 2021, supplies from abroad of laptops and palm-top computers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible descent. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, laptop and tablet computer imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main laptop and tablet computer supplier to Mexico, with a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.7%.

In value terms, China ($X) constituted the largest supplier of laptops and palm-top computers to Mexico.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2021, the average laptop and tablet computer import price amounted to $X per unit, growing by 7.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +3.6% per year.

Source: IndexBox Market Intelligence Platform

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