Mexico - Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Equipment for Motor Vehicles in Mexico - 2023
Contents:
- Price for Lighting Equipment for Motor Vehicles in Mexico (FOB) - 2023
- Price for Lighting Equipment for Motor Vehicles in Mexico (CIF) - 2023
- Exports of Lighting Equipment for Motor Vehicles in Mexico
- Imports of Lighting Equipment for Motor Vehicles in Mexico
Price for Lighting Equipment for Motor Vehicles in Mexico (FOB) - 2023
In August 2023, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $26.1 per unit, declining by -7.9% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 199% against the previous month. Over the period under review, the average export prices attained the peak figure at $31.2 per unit in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Canada ($34.6 per unit), while the average price for exports to Brazil ($21.7 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lighting Equipment for Motor Vehicles in Mexico (CIF) - 2023
In August 2023, the average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $16.6 per unit, dropping by -12.3% against the previous month. In general, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in January 2023 an increase of 19% m-o-m. The import price peaked at $23.1 per unit in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($28.1 per unit), while the price for Thailand ($3.6 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Lighting Equipment for Motor Vehicles in Mexico
In 2022, exports of electrical lighting or visual signaling equipment for motor vehicles and cycles from Mexico reached 108M units, almost unchanged from 2021. Overall, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 1.1% against the previous year. The exports peaked at 126M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, lighting equipment for motor vehicles exports soared to $2.6B in 2022. The total export value increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Lighting Equipment for Motor Vehicles in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,710 | 1,593 | 1,842 | 2,064 | 6.5% |
China | 46.7 | 72.0 | 69.9 | 286 | 83.0% |
Canada | 155 | 118 | 70.4 | 98.0 | -14.2% |
Brazil | 85.1 | 61.0 | 72.9 | 80.8 | -1.7% |
Others | 53.1 | 59.1 | 59.4 | 35.0 | -13.0% |
Total | 2,050 | 1,903 | 2,115 | 2,563 | 7.7% |
Top Export Markets for Lighting Equipment for Motor Vehicles from Mexico in 2022:
- United States (86.8M units)
- China (12.0M units)
- Canada (4.1M units)
- Brazil (3.4M units)
Imports of Lighting Equipment for Motor Vehicles in Mexico
In 2022, lighting equipment for motor vehicles imports into Mexico skyrocketed to 74M units, picking up by 20% against 2021. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, lighting equipment for motor vehicles imports stood at $887M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
Import of Lighting Equipment for Motor Vehicles in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 384 | 272 | 310 | 351 | -3.0% |
China | 148 | 136 | 190 | 204 | 11.3% |
Canada | 84.7 | 73.9 | 71.1 | 72.7 | -5.0% |
Japan | 36.1 | 54.2 | 76.7 | 59.8 | 18.3% |
Taiwan (Chinese) | 34.1 | 30.8 | 40.9 | 50.8 | 14.2% |
South Korea | 58.7 | 33.9 | 35.0 | 44.5 | -8.8% |
Germany | 30.8 | 20.9 | 25.7 | 23.9 | -8.1% |
Others | 94.8 | 61.3 | 84.2 | 80.9 | -5.1% |
Total | 871 | 683 | 834 | 887 | 0.6% |
Top Suppliers of Lighting Equipment for Motor Vehicles to Mexico in 2022:
- United States (28.9M units)
- China (17.1M units)
- Canada (6.0M units)
- Japan (4.9M units)
- Taiwan (Chinese) (4.2M units)
- South Korea (3.7M units)
- Germany (2.0M units)
This report provides an in-depth analysis of the market for lighting equipment for motor vehicles in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
- Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...