Mexico: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Mexico

For the third year in a row, the Mexican non-electric roasting furnace market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a prominent expansion. Non-electric roasting furnace consumption peaked in 2022 and is expected to retain growth in the near future.

Non-Electric Roasting Furnace Production in Mexico

In value terms, non-electric roasting furnace production totaled $X in 2022 estimated in export price. In general, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports from Mexico

In 2022, shipments abroad of non-electric furnaces and ovens for the roasting or melting decreased by X% to X units, falling for the second year in a row after three years of growth. In general, exports showed a sharp reduction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports skyrocketed to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for non-electric roasting furnace exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) also remains the key foreign market for non-electric furnaces and ovens for the roasting or melting exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

In 2022, the average non-electric roasting furnace export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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.

Non-Electric Roasting Furnace Imports

Imports into Mexico

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting imported into Mexico soared to X units, with an increase of X% against the previous year's figure. Over the period under review, imports, however, faced a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-electric roasting furnace imports soared to $X in 2022. In general, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest non-electric roasting furnace supplier to Mexico, with a X% share of total imports. Moreover, non-electric roasting furnace imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, the United States ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Mexico, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, 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: Germany (X% per year) and China (X% per year).

Import Prices by Country

The average non-electric roasting furnace import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($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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