Mexico: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Mexico

After two years of growth, the Mexican self-propelled rock cutter market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed notable growth. Self-propelled rock cutter consumption peaked at $X in 2021, and then contracted sharply in the following year.

Self-Propelled Rock Cutter Production in Mexico

In value terms, self-propelled rock cutter production surged to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt shrinkage. Self-propelled rock cutter production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Self-Propelled Rock Cutter Exports

Exports from Mexico

Self-propelled rock cutter exports from Mexico surged to X units in 2022, jumping by X% compared with the previous year's figure. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled rock cutter exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for self-propelled rock cutter exports from Mexico, with a X% share of total exports. Moreover, self-propelled rock cutter exports to the United States exceeded the volume sent to the second major destination, Canada (X units), twofold. Chile (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Chile (X% per year).

In value terms, Canada ($X) remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the average self-propelled rock cutter export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Self-Propelled Rock Cutter Imports

Imports into Mexico

In 2022, imports of self-propelled coal or rock cutters and tunnelling machinery into Mexico dropped rapidly to X units, with a decrease of X% on the previous year's figure. Overall, imports showed a mild setback. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced remarkably in the following year.

In value terms, self-propelled rock cutter imports shrank notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X units), Finland (X units) and Germany (X units) were the main suppliers of self-propelled rock cutter imports to Mexico, with a combined X% share of total imports. Poland, the United States, Australia, South Korea and Peru lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Mexico, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the average self-propelled rock cutter import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 Australia ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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