Latin America and the Caribbean: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Latin America and the Caribbean

The Latin American market for turbo, rotary and reciporating displacement compressors stood at $X in 2022, approximately mirroring the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Latin America and the Caribbean

In value terms, production of turbo, rotary and reciporating displacement compressors declined to $X in 2022 estimated in export price. Overall, production recorded strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in Latin America and the Caribbean

In 2022, the amount of turbo, rotary and reciporating displacement compressors exported in Latin America and the Caribbean surged to X units, jumping by X% on the previous year's figure. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Mexico prevails in compressors structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X units), making up a X% share of total exports. Uruguay (X units) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Uruguay (X%) displayed positive paces of growth. Moreover, Uruguay 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%) illustrated a downward trend over the same period. Mexico (X p.p.) and Uruguay (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Uruguay (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in Latin America and the Caribbean

In 2022, purchases abroad of turbo, rotary and reciporating displacement compressors increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. Overall, imports, however, continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the key importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by Brazil (X units), mixing up a X% share of total imports. The following importers - Argentina (X units) and Chile (X units) - together made up X% of total imports.

Mexico was also the fastest-growing in terms of the turbo, rotary and reciporating displacement compressors imports, with a CAGR of X% from 2012 to 2022. At the same time, Chile (X%) displayed positive paces of growth. Brazil and Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Mexico increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported turbo, rotary and reciporating displacement compressors in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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