Mexico: Wood Slicing Machine Market 2022

Wood Slicing Machine Market Size in Mexico

The Mexican wood slicing machine market declined sharply to $X in 2021, which is down by -76.3% 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). In general, consumption faced a abrupt descent. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wood Slicing Machine Exports

Exports from Mexico

In 2021, the amount of splitting, slicing or paring machines exported from Mexico contracted sharply to X units, dropping by -38.9% on the previous year. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 322%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, wood slicing machine exports shrank markedly to $X in 2021. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 464% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for wood slicing machine exports from Mexico, with a 82% share of total exports. Moreover, wood slicing machine exports to Chile exceeded the volume sent to the second major destination, South Africa (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile totaled -25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and Malaysia (0.0% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for wood slicing machine exports from Mexico, comprising 93% of total exports. The second position in the ranking was held by Chile ($X), with a 6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-85.5% per year) and South Africa (0.0% per year).

Export Prices by Country

The average wood slicing machine export price stood at $X per unit in 2021, increasing by 14% against the previous year. In general, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 72% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+2.4%), while the prices for the other major destinations experienced a decline.

Wood Slicing Machine Imports

Imports into Mexico

In 2021, approx. X units of splitting, slicing or paring machines were imported into Mexico; with a decrease of -82.6% against the year before. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when imports increased by 162%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, wood slicing machine imports contracted remarkably to $X in 2021. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 227%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) was the main wood slicing machine supplier to Mexico, accounting for a 96% share of total imports. Moreover, wood slicing machine imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +2.2%.

In value terms, the United States ($X) constituted the largest supplier of wood slicing machine to Mexico, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -3.2%.

Import Prices by Country

The average wood slicing machine import price stood at $X per unit in 2021, jumping by 180% against the previous year. Overall, the import price enjoyed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+56.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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