Price for Shavers; with Self-Contained Electric Motor in Mexico - 2023

Price for Shavers; with Self-Contained Electric Motor in Mexico (CIF) - 2023

The average import price for shavers; with self-contained electric motors stood at $1.3 per unit in June 2023, growing by 93% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 181% m-o-m. The import price peaked at $7.2 per unit in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +0.7% per month.

Price for Shavers; with Self-Contained Electric Motor in Mexico (FOB) - 2023

The average export price for shavers; with self-contained electric motors stood at $4.2 per unit in June 2023, rising by 23% against the previous month. In general, the export price enjoyed slight growth. The export price peaked at $4.4 per unit in February 2023; however, from March 2023 to June 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 September 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.6% per month.

Imports of Shavers; with Self-Contained Electric Motor in Mexico

In 2022, the amount of shavers; with self-contained electric motors imported into Mexico soared to 2.4M units, growing by 72% compared with 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 858% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, shavers; with self-contained electric motor imports skyrocketed to $8M in 2022. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Shavers; with Self-Contained Electric Motor in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.5	3.5	4.6	8.0	21.1%
Others	0.9	0.1	0.1	N/A	-66.7%
Total	5.3	3.6	4.7	8.0	14.7%

Top Suppliers of Shavers; with Self-Contained Electric Motor to Mexico in 2022:

China (2.4M units)

Exports of Shavers; with Self-Contained Electric Motor in Mexico

Shavers; with self-contained electric motor exports from Mexico skyrocketed to 1.5M units in 2022, growing by 394% compared with 2021 figures. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, shavers; with self-contained electric motor exports soared to $6.2M in 2022. In general, exports, however, showed a mild downturn. Over the period under review, the exports reached the peak figure at $6.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.