Mexico: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Mexico

In 2023, the Mexican market for pneumatic or hydraulic hand tools increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Pneumatic or hydraulic hand tool consumption peaked in 2023 and is expected to retain growth in the near future.

Production of Pneumatic Or Hydraulic Hand Tools in Mexico

In value terms, pneumatic or hydraulic hand tool production fell to $X in 2023 estimated in export price. In general, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

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Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Mexico

In 2023, exports of pneumatic or hydraulic hand tools from Mexico declined dramatically to X units, waning by X% against 2022. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports reduced markedly to $X in 2023. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for pneumatic or hydraulic hand tool exports from Mexico, with a X% share of total exports. It was followed by Guatemala (X units), with a X% share of total exports. Colombia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Colombia (X% per year).

In value terms, the United States ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2023, the average export price for pneumatic or hydraulic hand tools amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price saw a tangible increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Mexico

For the third year in a row, Mexico recorded growth in overseas purchases of pneumatic or hydraulic hand tools, which increased by X% to X units in 2023. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports expanded sharply to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, China (X units) constituted the largest supplier of pneumatic or hydraulic hand tool to Mexico, with a X% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the average import price for pneumatic or hydraulic hand tools amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform