Latin America and the Caribbean: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in Latin America and the Caribbean

The Latin American electric brazing machine market amounted to $X.6B in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X.3B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electric Brazing Machine Production in Latin America and the Caribbean

In value terms, electric brazing machine production amounted to $X.7B in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X.2B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electric Brazing Machine Exports

Exports in Latin America and the Caribbean

Electric brazing machine exports was estimated at X units in 2022, approximately reflecting the year before. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric brazing machine exports dropped to $X in 2022. Overall, exports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico represented the key exporter of electric brazing or soldering machines and apparatus in Latin America and the Caribbean, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Costa Rica (X units), Chile (X units), Venezuela (X units) and Panama (X units), together constituting a X% share of total exports. Brazil (X units), Guatemala (X units), Paraguay (X units), Ecuador (X units) and Honduras (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric brazing machine exports from Mexico stood at X%. At the same time, Chile (X%), Honduras (X%), Ecuador (X%), Venezuela (X%) and Costa Rica (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. By contrast, Brazil (X%), Paraguay (X%), Guatemala (X%) and Panama (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Costa Rica (X p.p.), Chile (X p.p.), Venezuela (X p.p.), Brazil (X p.p.), Ecuador (X p.p.) and Paraguay (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Panama (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Chile (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, with a decrease of X% against the previous year. Overall, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2013 when the export price increased by 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 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 Brazil ($X per unit), while Costa Rica ($X per unit) was amongst the lowest.

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

Electric Brazing Machine Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of electric brazing or soldering machines and apparatus decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, electric brazing machine imports surged to $X in 2022. In general, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Chile (X units), Brazil (X units), Guatemala (X units), Peru (X units), Mexico (X units), Ecuador (X units), Guyana (X units), the Dominican Republic (X units), Colombia (X units), Costa Rica (X units) and Honduras (X units) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported electric brazing or soldering machines and apparatus in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, electric brazing machine imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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