Latin America and the Caribbean: Hedge Shear Market 2024

Hedge Shear Market Size in Latin America and the Caribbean

The Latin American hedge shear market declined slightly to $X in 2023, reducing by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Hedge Shear Production in Latin America and the Caribbean

In value terms, hedge shear production dropped slightly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Hedge Shear Exports

Exports in Latin America and the Caribbean

After two years of decline, shipments abroad of hedge shears and two-handed pruning shears increased by X% to X tons in 2023. In general, exports showed a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, hedge shear exports surged to $X in 2023. Overall, exports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico was the largest exporter of hedge shears and two-handed pruning shears in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Brazil (X tons), generating a X% share of total exports. El Salvador (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the hedge shears and two-handed pruning shears exports, with a CAGR of X% from 2012 to 2023. Brazil experienced a relatively flat trend pattern. El Salvador (X%) illustrated a downward trend over the same period. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while El Salvador and Brazil saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Mexico ($X) remains the largest hedge shear supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and El Salvador (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Hedge Shear Imports

Imports in Latin America and the Caribbean

Hedge shear imports fell slightly to X tons in 2023, waning by X% on the previous year's figure. Total imports indicated a slight increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, hedge shear imports shrank to $X in 2023. Total imports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Mexico (X tons), distantly followed by Peru (X tons), Brazil (X tons), Colombia (X tons), Chile (X tons), Argentina (X tons) and Ecuador (X tons) represented the key importers of hedge shears and two-handed pruning shears, together comprising X% of total imports. The following importers - Guatemala (X tons), Costa Rica (X tons), the Dominican Republic (X tons) and Jamaica (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Jamaica (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported hedge shears and two-handed pruning shears in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, hedge shear imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform