Mexico: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Mexico

In 2022, after two years of growth, there was decline in the Mexican domestic electro-thermic appliances market, when its value decreased by X% to $X. Overall, the total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2017 indices. As a result, consumption reached the peak level of $X, and then fell slightly in the following year.

Domestic Electro-Thermic Appliances Production in Mexico

In value terms, domestic electro-thermic appliances production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Domestic electro-thermic appliances production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Domestic Electro-Thermic Appliances Exports

Exports from Mexico

In 2022, overseas shipments of domestic electro-thermic appliances increased by X% to X units, rising for the fifth consecutive year after five years of decline. Over the period under review, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, domestic electro-thermic appliances exports soared to $X in 2022. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for domestic electro-thermic appliances exports from Mexico, accounting for a X% share of total exports. It was followed by Canada (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for domestic electro-thermic appliances exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average domestic electro-thermic appliances export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price saw a mild setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then reduced markedly in the following year.

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 Canada ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%).

Domestic Electro-Thermic Appliances Imports

Imports into Mexico

After three years of growth, supplies from abroad of domestic electro-thermic appliances decreased by X% to X units in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined slightly in the following year.

In value terms, domestic electro-thermic appliances imports expanded to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of domestic electro-thermic appliances to Mexico, accounting for a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume 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 Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of domestic electro-thermic appliances to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports.

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

Import Prices by Country

In 2022, the average domestic electro-thermic appliances import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 the United States ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 mixed trend patterns.

Source: IndexBox Platform

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