Latin America and the Caribbean: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Latin America and the Caribbean

The Latin American tow-behind air compressor market contracted to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, saw a mild descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tow-Behind Air Compressor Production in Latin America and the Caribbean

In value terms, tow-behind air compressor production expanded sharply to $X in 2022 estimated in export price. In general, production, however, posted noticeable growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of air compressors mounted on a wheeled chassis for towing increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tow-behind air compressor exports surged to $X in 2022. Over the period under review, exports, however, showed a perceptible decrease. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Chile represented the main exporting country with an export of around X units, which reached X% of total exports. The Dominican Republic (X units) ranks second in terms of the total exports with a X% share, followed by Brazil (X%) and Aruba (X%). Peru (X units), Guatemala (X units), Panama (X units), Jamaica (X units) and Mexico (X units) held a minor share of total exports.

Exports from Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Peru (X%), Jamaica (X%), Aruba (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%), Panama (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Dominican Republic, Chile, Aruba, Peru, Guatemala and Jamaica increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest tow-behind air compressor supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

In Brazil, tow-behind air compressor exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price saw a perceptible downturn. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Aruba ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (X%), while the other leaders experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of air compressors mounted on a wheeled chassis for towing increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, tow-behind air compressor imports soared to $X in 2022. In general, imports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Chile represented the key importer of air compressors mounted on a wheeled chassis for towing in Latin America and the Caribbean, with the volume of imports reaching X units, which was near X% of total imports in 2022. It was distantly followed by Mexico (X units), the Dominican Republic (X units) and Argentina (X units), together achieving a X% share of total imports. Ecuador (X units), Bolivia (X units), Guyana (X units), Nicaragua (X units), Guatemala (X units), Peru (X units) and Brazil (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tow-behind air compressor imports into Chile stood at X%. At the same time, Argentina (X%), Ecuador (X%), Guyana (X%), Nicaragua (X%), Peru (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. The Dominican Republic experienced a relatively flat trend pattern. By contrast, Guatemala (X%), Bolivia (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Argentina, Ecuador, Mexico and Guyana increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Peru ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Guatemala, Bolivia, the Dominican Republic, Argentina, Brazil, Ecuador, Guyana and Nicaragua lagged somewhat behind, together accounting for a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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