Latin America and the Caribbean: Plug Valve Market 2020

Plug Valve Market Size in Latin America and the Caribbean

The revenue of the plug valve market in Latin America and the Caribbean amounted to $X in 2017, coming up by X% against the previous year. The plug valve consumption continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2015, when market value increased by X% year-to-year. In that year, the plug valve market attained their peak level of $X. From 2016 to 2017, growth of the plug valve market failed to regain its momentum.

Plug Valve Production in Latin America and the Caribbean

The plug valve production totaled X units in 2017, rising by X% against the previous year. The plug valve production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Over the period under review, the plug valve production reached its peak figure volume of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Plug Valve Exports in Latin America and the Caribbean

In 2017, the amount of ball and plug valves exported in Latin America and the Caribbean amounted to X units, going down by -X% against the previous year. The plug valve exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when it surged by X% year-to-year. Over the period under review, the plug valve exports attained its peak figure volume of X units in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, plug valve exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, the plug valve exports attained its maximum level in 2017, and are likely to continue its growth in the near future.

Plug Valve Exports by Country in Latin America and the Caribbean

Mexico was the main exporting country with an export of about X units, which resulted at X% of total exports. Brazil (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%).

Exports from Mexico decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Brazil (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. While the share of Mexico (X%) increased significantly in terms of the global exports from 2007-2017, the share of Argentina (-X%) and Brazil (-X%) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest plug valve supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Argentina (+X% per year).

Plug Valve Export Prices by Country in Latin America and the Caribbean

In 2017, the plug valve export price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, when it surged by X% against the previous year. The level of export price peaked in 2017, and is expected to retain its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per unit), while Argentina ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Plug Valve Imports in Latin America and the Caribbean

In 2017, the amount of ball and plug valves imported in Latin America and the Caribbean totaled X units, picking up by X% against the previous year. The total imports indicated a perceptible growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the plug valve imports decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. Over the period under review, the plug valve imports attained its peak figure volume of X units in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, plug valve imports stood at $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the plug valve imports decreased by -X% against 2014 indices. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Plug Valve Imports by Country in Latin America and the Caribbean

Mexico was the major importing country with an import of about X units, which reached X% of total imports. Brazil (X units) ranks second in terms of the global imports with a X% share, followed by Argentina (X%), Peru (X%), Colombia (X%) and Chile (X%). Ecuador (X units) held the mild share of total imports.

From 2007 to 2017, average annual rates of growth with regard to plug valve imports into Mexico stood at +X%. At the same time, Peru (+X%), Argentina (+X%), Brazil (+X%) and Chile (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Colombia experienced a relatively flat trend pattern. By contrast, Ecuador (-X%) illustrated a downward trend over the same period. Peru (-X%), Argentina (-X%), Brazil (-X%) and Mexico (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported ball and plug valves in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Argentina, with a X% share.

In Mexico, plug valve imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Argentina (+X% per year).

Plug Valve Import Prices by Country in Latin America and the Caribbean

The plug valve import price in Latin America and the Caribbean stood at $X per unit in 2017, surging by X% against the previous year. The plug valve import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. In that year, the import prices for ball and plug valves attained their peak level of $X per unit. From 2009 to 2017, growth of the import prices for ball and plug valves stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Chile ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Ecuador (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform