Latin America and the Caribbean: Electrically Operated Lift Market 2020

Electrically Operated Lift Market Size in Latin America and the Caribbean

The revenue of the electrically operated lift market in Latin America and the Caribbean amounted to $X in 2017, rising by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017, with an increase of X% against the previous year. In that year, the electrically operated lift market attained their peak level, and is likely to continue its growth in the immediate term.

Electrically Operated Lift Production in Latin America and the Caribbean

In 2017, approx. X units of electrically operated lifts and skip hoists were produced in Latin America and the Caribbean; coming down by -X% against the previous year. The electrically operated lift production continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2009, when the output figure increased by X% against the previous year. The volume of electrically operated lift production peaked of X units in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Electrically Operated Lift Exports in Latin America and the Caribbean

In 2017, the amount of electrically operated lifts and skip hoists exported in Latin America and the Caribbean totaled X units, rising by X% against the previous year. The electrically operated lift exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, when it surged by X% against the previous year. Over the period under review, the electrically operated lift exports reached its maximum volume of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, electrically operated lift exports totaled $X in 2017. The electrically operated lift exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Electrically Operated Lift Exports by Country in Latin America and the Caribbean

In 2017, Mexico (X units), Brazil (X units) and Chile (X units) were the main exporters of electrically operated lifts and skip hoists in Latin America and the Caribbean, achieving X% of total export. Argentina (X units), Colombia (X units) and Panama (X units) occupied the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Chile (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrically operated lift markets worldwide were Mexico ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total exports.

Mexico (+X% per year) recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Electrically Operated Lift Export Prices by Country in Latin America and the Caribbean

The electrically operated lift export price in Latin America and the Caribbean stood at $X thousand per unit in 2017, waning by -X% against the previous year. The electrically operated lift export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015, an increase of X% against the previous year. Over the period under review, the export prices for electrically operated lifts and skip hoists reached its maximum level of $X thousand per unit in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Mexico ($X thousand per unit), while Chile ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Electrically Operated Lift Imports in Latin America and the Caribbean

In 2017, approx. X units of electrically operated lifts and skip hoists were imported in Latin America and the Caribbean; surging by X% against the previous year. The electrically operated lift imports continue to indicate a strong growth. The pace of growth was the most pronounced in 2012, with an increase of X% against the previous year. In that year, the electrically operated lift imports reached their peak volume of X units. From 2013 to 2017, growth of the electrically operated lift imports stood at a somewhat lower level.

In value terms, electrically operated lift imports amounted to $X in 2017. The total imports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electrically operated lift imports increased by +X% against 2008 indices. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Electrically Operated Lift Imports by Country in Latin America and the Caribbean

Nicaragua prevails in electrically operated lift imports structure, finishing at X units, which was approx. X% of total imports in 2017. It was distantly followed by Ecuador (X units), committing X% share of total imports. Mexico (X units), Venezuela (X units) and Bolivia (X units) followed a long way behind the leaders.

Nicaragua was also the fastest growing in terms of the electrically operated lifts and skip hoists imports, with a CAGR of +X% from 2007 to 2017. At the same time, Ecuador (+X%), Bolivia (+X%), Mexico (+X%) and Venezuela (+X%) displayed positive paces of growth. While the share of Ecuador (-X%) and Nicaragua (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrically operated lift markets worldwide were Mexico ($X), Venezuela ($X) and Ecuador ($X), with a combined X% share of total imports. Bolivia and Nicaragua lagged somewhat behind, together comprising a further X%.

Bolivia (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Electrically Operated Lift Import Prices by Country in Latin America and the Caribbean

The electrically operated lift import price in Latin America and the Caribbean stood at $X thousand per unit in 2017, lowering by -X% against the previous year. The electrically operated lift import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015, when the import prices increased by X% y-o-y. Over the period under review, the import prices for electrically operated lifts and skip hoists reached its peak figure level of $X thousand per unit in 2008; however, from 2009 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X thousand per unit), while Nicaragua ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform