Mexico: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Mexico

The Mexican market for grinding, sanding and polishing machines shrank to $X in 2022, dropping by X% against the previous year. Overall, the total consumption indicated a mild expansion 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 2020 indices. Grinding, sanding and polishing machine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Grinding, Sanding and Polishing Machines in Mexico

In value terms, grinding, sanding and polishing machine production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Grinding, Sanding and Polishing Machines

Exports from Mexico

In 2022, the amount of grinding, sanding and polishing machines exported from Mexico shrank rapidly to X units, declining by X% on 2021 figures. Over the period under review, exports recorded a dramatic slump. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports contracted markedly to $X in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for grinding, sanding and polishing machine exports from Mexico, with a X% share of total exports. Moreover, grinding, sanding and polishing machine exports to the United States exceeded the volume sent to the second major destination, Cuba (X units), more than tenfold.

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

In value terms, the United States ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Cuba ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average export price for grinding, sanding and polishing machines amounted to $X per unit, rising by X% against the previous year. Overall, the export price showed strong growth. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Cuba totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Mexico

In 2022, after two years of growth, there was significant decline in supplies from abroad of grinding, sanding and polishing machines, when their volume decreased by X% to X units. Over the period under review, imports, however, showed temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, grinding, sanding and polishing machine imports plummeted to $X in 2022. In general, imports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Mexico, with a X% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at 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).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest grinding, sanding and polishing machine suppliers to Mexico, together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform

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