Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico - 2024
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico (CIF) - 2024
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico (FOB) - 2024
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico (CIF) - 2024
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $20,964 per unit in February 2024, growing by 37% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2023 an increase of 38% month-to-month. The import price peaked at $28,709 per unit in September 2023; afterwards, it flattened through to February 2024.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was South Korea ($26,406 per unit), while the price for Canada ($3,797 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico (FOB) - 2024
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $28,965 per unit in February 2024, dropping by -5.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 2.2% against the previous month. Over the period under review, the average export prices reached the maximum at $32,110 per unit in February 2023; afterwards, it flattened through to February 2024.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to February 2024, the rate of growth in terms of prices for Canada amounted to +2.0% per month.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico
In 2022, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs into Mexico skyrocketed to 75K units, increasing by 15% on 2021 figures. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 137% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs skyrocketed to $1.6B in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,119 | 724 | 1,022 | 1,366 | 6.9% |
| Canada | 114 | 67.8 | 96.3 | 147 | 8.8% |
| Germany | 106 | 42.0 | 41.7 | 39.8 | -27.9% |
| Others | 155 | 47.0 | 68.0 | 85.1 | -18.1% |
| Total | 1,495 | 880 | 1,228 | 1,638 | 3.1% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Mexico in 2022:
- United States (57.4K units)
- Canada (15.1K units)
- Germany (0.5K units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico
Exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs from Mexico totaled 50K units in 2022, leveling off at 2021 figures. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs expanded remarkably to $1.5B in 2022. In general, exports, however, showed a abrupt decline. The exports peaked at $2.8B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,392 | 1,413 | 1,126 | 1,323 | -17.9% |
| China | 166 | 153 | 105 | 86.0 | -19.7% |
| Germany | 19.0 | 22.5 | 70.2 | 48.1 | 36.3% |
| Canada | 99.2 | 93.8 | 39.0 | 47.7 | -21.7% |
| Others | 77.7 | 76.7 | 38.6 | 21.3 | -35.0% |
| Total | 2,754 | 1,759 | 1,379 | 1,526 | -17.9% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Mexico in 2022:
- United States (46.1K units)
- Canada (1.6K units)
- China (0.9K units)
- Germany (0.7K units)
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