Electric Hand-Dryer Market Overview in Mexico
In value terms, electric hand-dryer production stood at $26M in 2010 estimated in export prices. Over the period under review, electric hand-dryer production continues to indicate a mild deduction. The pace of growth was the most pronounced in 2008 with a decrease of 0% against the previous year. Electric hand-dryer production peaked at $27M in 2007; however, from 2008 to 2010, production stood at a somewhat lower figure.
The revenue of the electric hand-dryer market in Mexico amounted to $33M in 2010, going up by 9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.7% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when the market value increased by 9.9% year-to-year. In that year, the electric hand-dryer market reached its peak level and is likely to continue its growth in the immediate term.