Latin America and the Caribbean: Market for Non-Domestic Heat Exchange Units 2024

Market Size for Non-Domestic Heat Exchange Units in Latin America and the Caribbean

In 2022, the Latin American non-domestic heat exchange unit market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a resilient 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 attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Non-Domestic Heat Exchange Units in Latin America and the Caribbean

In value terms, non-domestic heat exchange unit production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Non-Domestic Heat Exchange Units

Exports in Latin America and the Caribbean

In 2022, the amount of non-domestic heat exchange units exported in Latin America and the Caribbean amounted to X units, increasing by X% on the previous year's figure. Overall, exports posted a tangible expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-domestic heat exchange unit exports skyrocketed to $X in 2022. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Mexico was the main exporter of non-domestic heat exchange units in Latin America and the Caribbean, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units), generating a X% share of total exports.

Mexico was also the fastest-growing in terms of the non-domestic heat exchange units exports, with a CAGR of X% from 2012 to 2022. Brazil experienced a relatively flat trend pattern. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest non-domestic heat exchange unit supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, growing by X% against the previous year. Overall, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil amounted to $X per unit.

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

Imports of Non-Domestic Heat Exchange Units

Imports in Latin America and the Caribbean

In 2022, purchases abroad of non-domestic heat exchange units increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-domestic heat exchange unit imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil represented the key importing country with an import of about X units, which amounted to X% of total imports. Mexico (X units) ranks second in terms of the total imports with a X% share, followed by Argentina (X%).

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

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained 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 ($X per unit), while Brazil ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :