Latin America and the Caribbean: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in Latin America and the Caribbean

The Latin American balloon and dirigible market dropped significantly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption saw a deep reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Balloon And Dirigible Production in Latin America and the Caribbean

In value terms, balloon and dirigible production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

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Balloon And Dirigible Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of balloons, dirigibles and other non-powered aircraft increased by X% to X units, rising for the third consecutive year after two years of decline. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, balloon and dirigible exports shrank slightly to $X in 2023. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then reduced slightly in the following year.

Exports by Country

Brazil was the key exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Venezuela (X units) and Argentina (X units), together creating a X% share of total exports. Colombia (X units) took a little share of total exports.

Brazil was also the fastest-growing in terms of the balloons, dirigibles and other non-powered aircraft exports, with a CAGR of X% from 2012 to 2023. At the same time, Venezuela (X%), Argentina (X%) and Colombia (X%) displayed positive paces of growth. Brazil (X p.p.) and Venezuela (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Colombia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest balloon and dirigible supplying countries in Latin America and the Caribbean were Brazil ($X), Venezuela ($X) and Argentina ($X), with a combined X% share of total exports.

Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced mixed trends in the export price figures.

Balloon And Dirigible Imports

Imports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in purchases abroad of balloons, dirigibles and other non-powered aircraft, when their volume decreased by X% to X units. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, balloon and dirigible imports shrank markedly to $X in 2023. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Chile was the largest importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Guyana (X units) and Brazil (X units), together making up a X% share of total imports. Guatemala (X units), Ecuador (X units), Peru (X units) and Panama (X units) took a little share of total imports.

Imports into Chile increased at an average annual rate of X% from 2012 to 2023. At the same time, Guyana (X%), Panama (X%), Guatemala (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Ecuador (X%) and Peru (X%) illustrated a downward trend over the same period. Chile (X p.p.), Guyana (X p.p.), Brazil (X p.p.), Guatemala (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported balloons, dirigibles and other non-powered aircraft in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Chile was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Guatemala (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the import price recorded a pronounced descent. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Panama ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Panama (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform