At the regular press conference held by the Ministry of Commerce on February 17, spokesman Gao Feng introduced that since the establishment of diplomatic relations between China and Mexico 50 years ago, especially since the establishment of the comprehensive strategic partnership between the two countries in 2013, the development of bilateral relations has entered a fast lane, with mutually beneficial economic and trade relations. The cooperation has yielded fruitful results. Mexico is China’s second largest trading partner in Latin America, and China is Mexico’s second largest trading partner in the world. In 2021, the bilateral trade volume between China and Mexico will hit a new record high, with a year-on-year increase of 41.9% to US$86.6 billion. Mexico is an important contracting project market and investment destination for China in Latin America. The cooperation between the two sides in the fields of transportation infrastructure, processing and manufacturing, telecommunications, traditional energy and clean energy is progressing smoothly. China-Mexico anti-epidemic cooperation has been fruitful, and China has provided full support for Mexico in the procurement of vaccines and anti-epidemic materials.
Dongqiqi is optimistic about the economic and trade relations between China and Mexico. As a Chinese crane supplier dedicated to providing crane services to the world, Mexico is a very important regional market. In the past 2021, Dongqi Crane completed 2 overhead crane cooperation projects in Mexico. In the next 2022, it is hoped that more markets can be opened. Currently, the largest supply market for overhead cranes in Mexico comes from Spain. This article will explore the development of the overhead crane market in Mexico in 2022 through data
Some Questions About the World Overhead Crane Market
Before we start discussing the aerial crane market in Mexico, we have a few small questions that need to be answered first. Let’s take a look
- What are the largest markets for overhead travelling cranes on fixed support in the world?
- The countries with the highest volumes of overhead travelling crane consumption in 2020 were China (34K units), the U.S. (18K units) and India (13K units), together comprising 39% of global consumption. Japan, Germany, Russia, Brazil, Denmark, Bangladesh, Canada, Spain, Turkey and Italy lagged somewhat behind, together comprising a further 28%.
- What are the largest producers of overhead travelling cranes on fixed support in the world?
- China (38K units) remains the largest overhead travelling crane producing country worldwide, accounting for 24% of total volume. Moreover, overhead travelling crane production in China exceeded the figures recorded by the second-largest producer, the U.S. (18K units), twofold. The third position in this ranking was occupied by India (14K units), with a 9% share.
- What are the leading suppliers of overhead travelling cranes on fixed support to Mexico?
- In value terms, Spain ($13M), Italy ($9M) and the U.S. ($2.5M) appeared to be the largest overhead travelling crane suppliers to Mexico, together comprising 91% of total imports.
- What are the leading importers of overhead travelling cranes on fixed support from Mexico?
- In value terms, the U.S. ($1.5M) remains the key foreign market for overhead travelling crane exports from Mexico.
- What is the average export price for overhead travelling cranes on fixed support in Mexico?
- In 2020, the average overhead travelling crane export price amounted to $173,221 per unit, increasing by 530% against the previous year.
- What is the average import price for overhead travelling cranes on fixed support in Mexico?
- In 2020, the average overhead travelling crane import price amounted to $61,672 per unit, growing by 17% against the previous year.
Mexico Overhead Crane Market Size
In 2020, the Mexican overhead crane market has finally started to rise, reaching $X for the first time since 2017, thus ending a two-year downward trend. Overall, however, consumption continued to show modest growth. The fastest growth rate in 2017, the market value increased by X% year-on-year. During the period under review, the market peaked at $X in 2012; however, from 2013 to 2020, consumption has been at lower levels
Mexican overhead crane export scale
In 2020, Mexico’s overhead crane exports soared to X units, an increase of X% over 2019. During the period under review, exports recorded strong growth. The most significant growth rate occurred in 2008, which was an X% increase compared to the previous year. Exports peaked at X units in 2013; however, from 2014 to 2020, export figures were slightly lower.
Overhead crane exports surged to $X in 2020 by value. Overall, exports have grown significantly. As a result, exports peaked and may continue to grow in the short term.
The United States (X units) is the main destination for Mexican overhead crane exports, accounting for approximately X% of total exports. From 2007 to 2020, the average annual growth rate of exports to the United States was +X%.
In terms of value, the United States ($X) remains the main foreign market for Mexican overhead crane exports. From 2007 to 2020, the average annual growth in value to the U.S. totaled +X%.
Import scale of overhead cranes in Mexico
In 2020, the foreign supply of fixed-support overhead cranes increased by X% to X units for the first time since 2017, ending a two-year downward trend. During the period under review, however, there was a marked drop in imports. The most significant growth rate occurred in 2017, when imports increased by X% year-on-year. Imports peaked at X units in 2009; however, from 2010 to 2020, import figures were slightly lower.
Overhead crane imports surged to $X in 2020 by value. But overall, imports showed a significant increase. The fastest growth rate in 2012, an increase of X% year-on-year. As a result, imports peaked at X dollars. Import growth remained low between 2013 and 2020.
Italy (X units), Spain (X units) and the United States (X units) were the main suppliers of overhead cranes to Mexico, together accounting for X% of total imports.
From 2007 to 2020, among the major suppliers, Italy achieved the most significant growth rate in purchasing, while imports from other leaders showed a mixed trend.
Spain ($X), Italy ($X) and the United States ($X) are the largest overhead crane suppliers in Mexico by value, accounting for X% of total imports. In terms of major supplier countries, Italy recorded the highest growth in import value during the period under review, while other leaders saw more modest growth in purchases.
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