Latin America and the Caribbean: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Latin America and the Caribbean

The Latin American wood drilling machine market reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated a mild expansion 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wood Drilling Machine Production in Latin America and the Caribbean

In value terms, wood drilling machine production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Wood Drilling Machine Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of drilling or morticing machines were exported in Latin America and the Caribbean; dropping by X% against 2021 figures. Over the period under review, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, wood drilling machine exports rose significantly to $X in 2022. Overall, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Mexico (X units), committing a X% share of total exports. Panama (X units) and Bolivia (X units) took a minor share of total exports.

Brazil was also the fastest-growing in terms of the drilling or morticing machines exports, with a CAGR of X% from 2012 to 2022. At the same time, Bolivia (X%) and Mexico (X%) displayed positive paces of growth. By contrast, Panama (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico and Panama saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest wood drilling machine supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

In Brazil, wood drilling machine 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: Mexico (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

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 Mexico ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in Latin America and the Caribbean

In 2022, wood drilling machine imports in Latin America and the Caribbean soared to X units, increasing by X% compared with the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood drilling machine imports totaled $X in 2022. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented the key importer of drilling or morticing machines in Latin America and the Caribbean, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Chile (X units) ranks second in terms of the total imports with a X% share, followed by Brazil (X%). Argentina (X units), Paraguay (X units), Uruguay (X units), Bolivia (X units), Cuba (X units) and Guatemala (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cuba (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood drilling machine importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for X% of total imports. Cuba, Chile, Guatemala, Bolivia, Paraguay and Uruguay lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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