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

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

The Latin American non-electric air heater market contracted to $X in 2022, declining by -10.9% against the previous year. The total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +75.0% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

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

In value terms, non-electric air heater production reduced slightly to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 30%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Non-Electric Air Heater Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of non-electric air heaters or hot air distributors decreased by -2% to X units, falling for the fourth year in a row after seven years of growth. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 150%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-electric air heater exports amounted to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 120%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mexico (X units) represented the key exporter of non-electric air heaters or hot air distributors in Latin America and the Caribbean, committing 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 +8.8% from 2012 to 2022. 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.

In Mexico, non-electric air heater exports expanded at an average annual rate of +10.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, rising by 15% against the previous year. In general, the export price posted a mild expansion. The pace of growth was the most pronounced in 2019 an increase of 153%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +1.1% per year.

Non-Electric Air Heater Imports

Imports in Latin America and the Caribbean

Non-electric air heater imports declined dramatically to X units in 2022, which is down by -44.6% against the year before. In general, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2014 when imports increased by 106%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric air heater imports declined sharply to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Mexico dominates imports structure, recording X units, which was near 82% of total imports in 2022. It was distantly followed by Argentina (X units), committing a 6.8% share of total imports. The following importers - Peru (X units) and Chile (X units) - each accounted for a 3.5% 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 +14.3% from 2012 to 2022. Argentina (-5.6%), Peru (-7.5%) and Chile (-9.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by +48 percentage points.

In value terms, Mexico ($X) constitutes the largest market for imported non-electric air heaters or hot air distributors in Latin America and the Caribbean, comprising 67% of total imports. The second position in the ranking was held by Argentina ($X), with a 15% share of total imports. It was followed by Chile, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at +11.9%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-3.2% per year) and Chile (-6.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, surging by 7.5% against the previous year. Overall, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.8% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Chile (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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