Mexico: Market for Machine-Tools For Working Any Material By Removal Of Material 2022

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Mexico

The Mexican machine-tool for removing material market dropped dramatically to $X in 2021, which is down by -X% against the previous year. Overall, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Mexico

In value terms, machine-tool for removing material production dropped notably to $X in 2021 estimated in export prices. In general, production, however, recorded a noticeable reduction. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank dramatically in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Mexico

After four years of growth, shipments abroad of machine-tools for working any material by removal of material decreased by -X% to X units in 2021. Overall, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2020, and then shrank in the following year.

In value terms, machine-tool for removing material exports stood at $X in 2021. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for machine-tool for removing material exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2021, 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 machine-tool for removing material exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +X%.

Export Prices by Country

In 2021, the average machine-tool for removing material export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Mexico

In 2021, supplies from abroad of machine-tools for working any material by removal of material decreased by -X% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports rose notably to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of machine-tool for removing material to Mexico, with a X% share of total imports. Moreover, machine-tool for removing material imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Spain (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of machine-tool for removing material to Mexico, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform