Latin America and the Caribbean: Ball Market 2024

Ball Market Size in Latin America and the Caribbean

In 2022, the Latin American ball market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ball Production in Latin America and the Caribbean

In value terms, ball production totaled $X in 2022 estimated in export price. In general, production, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Ball Exports

Exports in Latin America and the Caribbean

After three years of decline, shipments abroad of balls increased by X% to X units in 2022. Overall, exports, however, saw a perceptible decrease. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ball exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Costa Rica (X units) represented the main exporter of balls, making up X% of total exports. Peru (X units) held the second position in the ranking, distantly followed by the Dominican Republic (X units) and Chile (X units). All these countries together held near X% share of total exports. Brazil (X units), Panama (X units) and Mexico (X units) followed a long way behind the leaders.

Exports from Costa Rica increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Brazil (X%), the Dominican Republic (X%), Panama (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Costa Rica, Peru and Chile increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest ball supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Costa Rica, ball exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, saw perceptible growth. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other leaders experienced more modest paces of growth.

Ball Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of balls increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a mild slump. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ball imports soared to $X in 2022. Total imports indicated a modest 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, imports increased by X% against 2020 indices. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the key importing country with an import of about X units, which finished at X% of total imports. Chile (X units) took the second position in the ranking, followed by Peru (X units), Mexico (X units), Argentina (X units), Colombia (X units), Venezuela (X units) and Ecuador (X units). All these countries together held near X% share of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%), Argentina (X%), Chile (X%) and Peru (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Venezuela and Colombia experienced a relatively flat trend pattern. By contrast, Mexico (X%) illustrated a downward trend over the same period. Chile (X p.p.), Peru (X p.p.), Argentina (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Argentina, Peru, Colombia, Ecuador and Venezuela lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Argentina, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Brazil ($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 more modest paces of growth.

Source: IndexBox Platform

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