Latin America and the Caribbean: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Latin America and the Caribbean

In 2022, the Latin American endless machinery band market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Endless Machinery Band Production in Latin America and the Caribbean

In value terms, endless machinery band production rose slightly to $X in 2022 estimated in export price. The total production indicated slight growth 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Endless Machinery Band Exports

Exports in Latin America and the Caribbean

In 2022, the amount of endless bands for machinery, of stainless steel exported in Latin America and the Caribbean fell markedly to X square meters, shrinking by X% compared with the previous year's figure. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports shrank notably to $X in 2022. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Guatemala (X square meters) was the largest exporter of endless bands for machinery, of stainless steel, mixing up X% of total exports. It was distantly followed by Costa Rica (X square meters), Mexico (X square meters), Colombia (X square meters) and Brazil (X square meters), together generating a X% share of total exports. Ecuador (X square meters) followed a long way behind the leaders.

Guatemala was also the fastest-growing in terms of the endless bands for machinery, of stainless steel exports, with a CAGR of X% from 2012 to 2022. At the same time, Costa Rica (X%) displayed positive paces of growth. By contrast, Colombia (X%), Mexico (X%), Brazil (X%) and Ecuador (X%) illustrated a downward trend over the same period. Guatemala (X p.p.), Costa Rica (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico, Ecuador and Brazil saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Guatemala ($X) emerged as the largest endless machinery band supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

In Guatemala, endless machinery band exports expanded 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: Brazil (X% per year) and Mexico (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices attained the maximum at $X per square meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Brazil ($X per square meter), while Costa Rica ($X per square meter) was amongst the lowest.

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

Endless Machinery Band Imports

Imports in Latin America and the Caribbean

In 2022, the amount of endless bands for machinery, of stainless steel imported in Latin America and the Caribbean expanded markedly to X square meters, surging by X% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, endless machinery band imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the major importing country with an import of around X square meters, which finished at X% of total imports. It was distantly followed by the Dominican Republic (X square meters) and Ecuador (X square meters), together generating an X% share of total imports. The following importers - Guatemala (X square meters), Argentina (X square meters), Brazil (X square meters), Chile (X square meters), Falkland Islands (Malvinas) (X square meters), El Salvador (X square meters), Colombia (X square meters) and Costa Rica (X square meters) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to endless machinery band imports into Mexico stood at X%. At the same time, the Dominican Republic (X%), Falkland Islands (Malvinas) (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Guatemala (X%), Argentina (X%), Costa Rica (X%), Brazil (X%), Chile (X%), Ecuador (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), the Dominican Republic (X p.p.) and Falkland Islands (Malvinas) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.), Brazil (X p.p.), Colombia (X p.p.) and Ecuador (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported endless bands for machinery, of stainless steel in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, endless machinery band imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (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 square meter, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per square meter), while Falkland Islands (Malvinas) ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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