Mexico - Wiring Sets Used In Vehicles, Aircraft Or Ships - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico - 2023
Contents:
- Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico (FOB) - 2023
- Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico (CIF) - 2023
- Exports of Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico
- Imports of Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico
Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico (FOB) - 2023
In October 2023, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $24,697 per ton, remaining stable against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 89% month-to-month. The export price peaked at $25,112 per ton in March 2023; however, from April 2023 to October 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From October 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +0.2% per month.
Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico (CIF) - 2023
In October 2023, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $32,339 per ton, increasing by 1.9% against the previous month. In general, import price indicated slight growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for wiring sets used in vehicles, aircraft or ships increased by +64.4% against August 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 77% against the previous month. Over the period under review, average import prices hit record highs at $32,952 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($34,857 per ton), while the price for China ($16,164 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico
In 2022, the amount of wiring sets used in vehicles, aircraft or ships exported from Mexico surged to 416K tons, picking up by 15% on 2021 figures. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 77%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of wiring sets used in vehicles, aircraft or ships surged to $9.4B in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.8 | 6.6 | 8.1 | 9.4 | 6.4% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 7.9 | 6.7 | 8.1 | 9.4 | 6.0% |
Top Export Markets for Wiring Sets Used in Vehicles, Aircraft or Ships from Mexico in 2022:
- United States (413.9K tons)
Imports of Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico
Imports of wiring sets used in vehicles, aircraft or ships into Mexico shrank remarkably to 75K tons in 2022, which is down by -48.2% on the year before. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 492%. As a result, imports reached the peak of 146K tons, and then shrank dramatically in the following year.
In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $1.6B in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Wiring Sets Used in Vehicles, Aircraft or Ships in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 422 | 363 | 659 | 765 | 21.9% |
| Nicaragua | 166 | 254 | 227 | 317 | 24.1% |
| Honduras | 14.5 | 32.0 | 109 | 141 | 113.4% |
| Philippines | 10.7 | 2.5 | 7.9 | 115 | 120.7% |
| Canada | 2.8 | 1.8 | 8.5 | 56.4 | 172.1% |
| China | 32.6 | 22.3 | 49.2 | 52.5 | 17.2% |
| Vietnam | 14.1 | 14.6 | 22.7 | 51.0 | 53.5% |
| El Salvador | 112 | 76.8 | 5.0 | 16.6 | -47.1% |
| Others | 58.4 | 62.0 | 74.5 | 94.9 | 17.6% |
| Total | 833 | 829 | 1,162 | 1,610 | 24.6% |
Top Suppliers of Wiring Sets Used in Vehicles, Aircraft or Ships to Mexico in 2022:
- United States (35.7K tons)
- Nicaragua (15.6K tons)
- Honduras (7.0K tons)
- Philippines (4.9K tons)
- Canada (3.6K tons)
- China (3.1K tons)
- Vietnam (2.2K tons)
- El Salvador (0.7K tons)
This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships 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 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
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
-
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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