The Mexican lifting equipment market surges to $X in 2021, growing by X% year over year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers’ profits, which will be included in the final consumer price). During the period under review, consumption showed a significant growth trend. As a result, consumption has peaked and is likely to continue growing in the short term.

Mexico’s lifting equipment export scale
In 2021, Mexico’s hoisting equipment exports surged to X units, a year-on-year increase of X%. Overall, however, exports have fallen sharply. The fastest growth was recorded in 2014, with exports increasing by X%. As a result, exports peaked at X units. Export growth failed to regain momentum between 2015 and 2021.

In value terms, hoisting equipment exports fell to X dollars in 2021. During the review period, however, exports suddenly dropped. The most significant growth rate occurred in 2014, when exports increased by X% over the previous year. As a result, exports peaked at X dollars. Export growth failed to regain momentum between 2015 and 2021.

The United States (X units) is the main destination for Mexican hoisting equipment exports, accounting for about X% of total exports. From 2012 to 2021, the average annual growth rate of shipments to the United States will total +X%.

In value terms, the United States ($X) remains the leading foreign market for Mexican lifting equipment exports. From 2012 to 2021, the average annual growth rate of value to the U.S. is relatively modest.

Import scale of lifting equipment in Mexico
In 2021, overseas purchases of lifting equipment will increase by X% to X units, the second consecutive year of growth after two years of decline. Overall, imports have grown significantly. As a result, imports peaked and may continue to grow in the short term.

Lifting equipment imports surge to $X by value in 2021. However, imports fell sharply during the period under review. During the period under review, imports reached an all-time high of $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In 2021, China (X units) is the main supplier of lifting equipment to Mexico, accounting for X% of total imports. In addition, imports of lifting equipment from China were more than ten times higher than the number recorded by the second largest supplier, the United States (X units).

From 2012 to 2021, the average annual growth rate of sales from China totals +X%.

By value, China ($X) and the US ($X) appear to be the largest suppliers of lifting equipment to Mexico. China grew at a CAGR of +X% among the major suppliers during the period under review, with the highest growth in import value

Statistics of various crane suppliers in Mexico
By value, China and the US appear to be Mexico’s largest suppliers of lifting equipment.

In terms of value, the United States remains the main foreign market for Mexican lifting equipment exports.

The average export price of hoisting equipment in 2021 is US$3,306/unit, a year-on-year decrease of -16.8%.

The average import price of hoisting equipment in 2021 is $1,663 per unit, down -59.9% from the previous year.

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Crane equipment market analysis in Mexico in 2022