Latin America and the Caribbean: Helicopter Market 2024

Helicopter Market Size in Latin America and the Caribbean

In 2022, the Latin American helicopter market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Helicopter Production in Latin America and the Caribbean

In value terms, helicopter production shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Helicopter Exports

Exports in Latin America and the Caribbean

After two years of growth, overseas shipments of civil helicopters decreased by X% to X units in 2022. Overall, exports, however, showed a perceptible increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, helicopter exports shrank to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the Dominican Republic (X units), distantly followed by Mexico (X units), Bolivia (X units), Chile (X units), Peru (X units), Cuba (X units) and Costa Rica (X units) represented the main exporters of civil helicopters, together achieving X% of total exports. Brazil (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest helicopter supplying countries in Latin America and the Caribbean were Chile ($X), Bolivia ($X) and Peru ($X), together comprising X% of total exports. The Dominican Republic, Brazil, Mexico, Costa Rica and Cuba lagged somewhat behind, together comprising a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The export price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X,930 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Cuba ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Helicopter Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of civil helicopters were imported in Latin America and the Caribbean; growing by X% compared with 2021 figures. In general, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, helicopter imports declined rapidly to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Brazil dominates imports structure, recording X units, which was approx. X% of total imports in 2022. Mexico (X units) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mexico (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Mexico (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.

In value terms, Brazil ($X) constitutes the largest market for imported civil helicopters in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform

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