Mexico - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Mexico - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Electrical Insulating Fittings Price in Mexico - 2023

Contents:

  1. Electrical Insulating Fittings Price in Mexico (CIF) - 2022
  2. Electrical Insulating Fittings Price in Mexico (FOB) - 2023
  3. Electrical Insulating Fittings Imports in Mexico
  4. Electrical Insulating Fittings Exports in Mexico

Electrical Insulating Fittings Price in Mexico (CIF) - 2022

In 2022, the average electrical insulating fittings import price amounted to $16,726 per ton, with a decrease of -38.1% against the previous year. In general, the import price, however, saw a slight increase. The pace of growth appeared the most rapid in 2019 an increase of 20%. The import price peaked at $30,009 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($22,901 per ton), while the price for China ($12,228 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulating Fittings Price in Mexico (FOB) - 2023

In August 2023, the average electrical insulating fittings export price amounted to $10,547 per ton, growing by 31% against the previous month. In general, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in January 2023 an increase of 122% month-to-month. As a result, the export price attained the peak level of $19,776 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was China ($14,999 per ton), while the average price for exports to the United States totaled $8,727 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-4.2%).

Electrical Insulating Fittings Imports in Mexico

In 2022, the amount of electrical insulating fittings of plastics imported into Mexico surged to 11K tons, jumping by 74% against 2021. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulating fittings imports expanded remarkably to $180M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Import of Electrical Insulating Fittings in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States88.771.094.592.51.4%
China16.727.730.236.129.3%
Germany17.613.314.815.0-5.2%
Japan6.15.04.47.04.7%
Taiwan (Chinese)4.03.74.34.64.8%
Others15.715.819.725.417.4%
Total1491371681806.5%

Top Suppliers of Electrical Insulating Fittings to Mexico in 2022:

  1. United States (5.5K tons)
  2. China (3.0K tons)
  3. Germany (0.8K tons)
  4. Japan (0.5K tons)
  5. Taiwan (Chinese) (0.2K tons)

Electrical Insulating Fittings Exports in Mexico

For the fourth year in a row, Mexico recorded growth in shipments abroad of electrical insulating fittings of plastics, which increased by 40% to 980 tons in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulating fittings exports surged to $14M in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period.

Export of Electrical Insulating Fittings in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States11.913.710.913.23.5%
Others1.10.50.60.4-28.6%
Total13.114.211.513.61.3%

Top Export Markets for Electrical Insulating Fittings from Mexico in 2022:

  1. United States (963.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical insulating fittings market 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 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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In November 2022, the growth rate of Insulating Fittings exports reached an astonishing peak with a 105% increase compared to the previous month. Furthermore, the value of Insulating Fittings exports surged to $8M in October 2023.

Significant Drop in Mexico's Insulation Fittings Exports to $7M in June 2023
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In November 2022, the growth pace of Insulating Fittings was the most rapid with an impressive increase of 105% compared to the previous month. However, in terms of value, the exports of Insulating Fittings decreased to $7M in June 2023.

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In value terms, electrical insulators of any material imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend p...

Which Country Exports the Most Electrical Insulators of Any Material in the World?
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In value terms, electrical insulators of any material exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern r...

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In 2016, the global electrical insulating fittings imports stood at X tons, descending by -X% against the previous year figure. In general, electrical insulating fittings imports continue to i...

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In 2016, the global electrical insulating fittings imports stood at X tons, descending by -X% against the previous year figure. In general, electrical insulating fittings imports continue to i...

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In November 2022, the growth rate of Insulating Fittings exports reached an astonishing peak with a 105% increase compared to the previous month. Furthermore, the value of Insulating Fittings exports surged to $8M in October 2023.

Significant Drop in Mexico's Insulation Fittings Exports to $7M in June 2023
Nov 2, 2023
Eye 184

In November 2022, the growth pace of Insulating Fittings was the most rapid with an impressive increase of 105% compared to the previous month. However, in terms of value, the exports of Insulating Fittings decreased to $7M in June 2023.

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In value terms, electrical insulators of any material imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend p...

Free Data: Electrical Insulating Fittings Of Plastics - Mexico