Mexico: Ship Propeller Market 2024

Ship Propeller Market Size in Mexico

The Mexican ship propeller market contracted dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed a prominent expansion. Ship propeller consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Ship Propeller Production in Mexico

In value terms, ship propeller production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Ship propeller production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Ship Propeller Exports

Exports from Mexico

In 2022, the amount of ships or boats propellers and blades therefor exported from Mexico surged to X units, jumping by X% on the year before. In general, exports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship propeller exports surged to $X in 2022. Overall, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for ship propeller exports from Mexico, with a X% share of total exports. Moreover, ship propeller exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold. Ecuador (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: China (X% per year) and Ecuador (X% per year).

In value terms, the United States ($X) remains the key foreign market for ships or boats propellers and blades therefor exports from Mexico, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the average ship propeller export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ship Propeller Imports

Imports into Mexico

In 2022, approx. X units of ships or boats propellers and blades therefor were imported into Mexico; falling by X% against the previous year. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined remarkably in the following year.

In value terms, ship propeller imports surged to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest supplier of ship propeller to Mexico, with a X% share of total imports. Moreover, ship propeller imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Norway (X units), with a X% share.

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

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of ships or boats propellers and blades therefor to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

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

Import Prices by Country

In 2022, the average ship propeller import price amounted to $X per unit, rising by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ship propeller import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 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 Canada ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :