Latin America and the Caribbean: Non-Electric Air Heater Market 2023

Non-Electric Air Heater Market Size in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in the Latin American non-electric air heater market, when its value increased by 37% to $X. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Non-Electric Air Heater Production in Latin America and the Caribbean

In value terms, non-electric air heater production rose to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -29.5% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Non-Electric Air Heater Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of non-electric air heaters or hot air distributors decreased by -43.2% to X tons, falling for the third year in a row after seven years of growth. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 150%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, non-electric air heater exports fell markedly to $X in 2021. Over the period under review, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 120%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Mexico (X tons) represented the key exporter of non-electric air heaters or hot air distributors in Latin America and the Caribbean, making up 99% of total export.

Mexico was also the fastest-growing in terms of the non-electric air heaters or hot air distributors exports, with a CAGR of +10.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest non-electric air heater supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual growth rate of value in Mexico stood at +9.8%.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, shrinking by -61.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 153%. The level of export peaked at $X per ton in 2020, and then reduced rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to -0.3% per year.

Non-Electric Air Heater Imports

Imports in Latin America and the Caribbean

After two years of decline, overseas purchases of non-electric air heaters or hot air distributors increased by 34% to X tons in 2021. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 116%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, non-electric air heater imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 58% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico prevails in imports structure, reaching X tons, which was near 89% of total imports in 2021. Argentina (X tons) took a relatively small share of total imports.

Mexico was also the fastest-growing in terms of the non-electric air heaters or hot air distributors imports, with a CAGR of +24.8% from 2012 to 2021. Argentina (-5.5%) illustrated a downward trend over the same period. Mexico (+54 p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by -15.5% from 2012 to 2021, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported non-electric air heaters or hot air distributors in Latin America and the Caribbean, comprising 81% of total imports. The second position in the ranking was held by Argentina ($X), with a 6.7% share of total imports.

In Mexico, non-electric air heater imports increased at an average annual rate of +22.1% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 9.6% against the previous year. Overall, the import price, however, showed a perceptible curtailment. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while Mexico totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-1.0%).

Source: IndexBox Market Intelligence Platform

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