Mexico Washing Machine Market Trends

Statistics for the 2023 & 2024 Mexico Washing Machine market trends, created by Mordor Intelligence™ Industry Reports. Mexico Washing Machine trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Mexico Washing Machine Industry

Increase in Imports of Washing Machines in Mexico

Washing machines are essential appliances and are one of the major appliance categories that people around the globe use for washing and drying clothes. Varieties of washing machines are sold in Mexico's market with different capacities, functioning, drying, water system light, and detergent control, among other attributes. Prices in the market became a function of the brand, model, and place of purchase.

Recently, there is a rise in imports of washing machines in Mexico due to the rising necessity of keeping clothes clean and free of odor and bacteria. Imports in the year 2022 rose by 1.9% year-on-year. China, the United States, and Vietnam are the major importers of washing machines to Mexico, with China having 40.4%, the United States 19.6%, and Vietnam with a 12.5% market share.

Mexico Washing Machine Market: Import Value of Washing Machine to Mexico, (2018-2022), in Millions USD

Increasing Consumer Spending in Mexico Boosting the Market

In Mexico, consumer spending on household goods and services increases every year. Mexico's consumer spending for 2021 was USD 837.6 billion, a 21.83% increase from 2020. The washing machine per household revenue will be USD 46.14 in 2023. Volume is expected to amount to 3.88 million pieces by 2028. The Washing Machines segment is expected to show a volume growth of 1.2% in 2024. With urbanization and upgradation in living style, consumers are spending heavily on Smart washing machines and other smart home appliances.

Mexico Washing Machine Market: Consumer Spends on Household Goods and Services (per Capita) in USD from 2019 - 2022

Mexico Washing Machine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)