Mexico: Working Wire Machine Market 2022

Working Wire Machine Market Size in Mexico

The Mexican working wire machine market skyrocketed to $X in 2021, jumping by 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a mild decrease. Working wire machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Working Wire Machine Exports

Exports from Mexico

For the sixth year in a row, Mexico recorded decline in shipments abroad of machines for working wire, which decreased by -82.8% to X units in 2021. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2015 when exports increased by 101%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, working wire machine exports reduced rapidly to $X in 2021. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 56% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for working wire machine exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -28.2%.

In value terms, the United States ($X) also remains the key foreign market for working wire machine exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -26.5%.

Export Prices by Country

In 2021, the average working wire machine export price amounted to $X per unit, shrinking by -22.3% against the previous year. In general, the export price, however, enjoyed a notable expansion. The growth pace was the most rapid in 2014 an increase of 138% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a 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 Brazil amounted to +336.0% per year.

Working Wire Machine Imports

Imports into Mexico

Working wire machine imports into Mexico surged to X units in 2021, picking up by 43% on the previous year. In general, imports, however, saw a slight shrinkage. The growth pace was the most rapid in 2019 when imports increased by 70%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, working wire machine imports soared to $X in 2021. Over the period under review, imports, however, showed a noticeable descent. The pace of growth was the most pronounced in 2016 when imports increased by 66% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest working wire machine supplier to Mexico, with a 61% share of total imports. Moreover, working wire machine 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 taken by Germany (X units), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and Germany (-7.3% per year).

In value terms, China ($X) constituted the largest supplier of working wire machine to Mexico, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by Germany, with a 21% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and Germany (-5.6% per year).

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, with a decrease of -8.5% against the previous year. Overall, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 an increase of 51% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :