Latin America and the Caribbean: Invalid Carriage Market 2023

Invalid Carriage Market Size in Latin America and the Caribbean

The Latin American invalid carriage market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Invalid Carriage Production in Latin America and the Caribbean

In value terms, invalid carriage production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 55%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

Invalid Carriage Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of invalid carriages not mechanically propelled decreased by -44.1% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 23%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, invalid carriage exports shrank rapidly to $X in 2021. Overall, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 53%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Mexico (X units) represented the major exporter of invalid carriages not mechanically propelled in Latin America and the Caribbean, achieving 99% of total export.

Mexico was also the fastest-growing in terms of the invalid carriages not mechanically propelled exports, with a CAGR of -13.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest invalid carriage supplier in Latin America and the Caribbean.

In Mexico, invalid carriage exports contracted by an average annual rate of -4.1% over the period from 2012-2021.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, with an increase of 6.6% against the previous year. Overall, the export price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by 36% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to +11.1% per year.

Invalid Carriage Imports

Imports in Latin America and the Caribbean

In 2021, invalid carriage imports in Latin America and the Caribbean surged to X units, jumping by 62% compared with the previous year's figure. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-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 2017 when imports increased by 82%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, invalid carriage imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X units) and Brazil (X units) represented the key importers of invalid carriages not mechanically propelled in Latin America and the Caribbean, together resulting at near 43% of total imports. Chile (X units) held the next position in the ranking, followed by Colombia (X units), Bolivia (X units), Argentina (X units), Peru (X units) and Guatemala (X units). All these countries together took near 39% share of total imports.

From 2012 to 2021, the biggest increases were in Bolivia (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest invalid carriage importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), together comprising 54% of total imports. Argentina, Colombia, Peru, Guatemala and Bolivia lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Guatemala, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, surging by 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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