Mexico: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Mexico

For the fifth year in a row, the Mexican market for diesel engines (other than for motor vehicles and aircraft) recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a remarkable 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, consumption increased by X% against 2012 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Mexico

In value terms, production of diesel engines (other than for motor vehicles and aircraft) amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Production of peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Mexico

In 2022, overseas shipments of diesel engines (other than for motor vehicles and aircraft) were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt shrinkage. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from Mexico, with a approx. X% share of total exports.

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) also remains the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from Mexico.

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

Export Prices by Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Mexico

For the fifth consecutive year, Mexico recorded growth in supplies from abroad of diesel engines (other than for motor vehicles and aircraft), which increased by X% to X units in 2022. Overall, imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) expanded remarkably to $X in 2022. In general, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Mexico, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Mexico, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, showed a deep downturn. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :