Latin America and the Caribbean: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

Market Size for Iron Or Steel Doors, Thresholds For Doors And Windows in Latin America and the Caribbean

The Latin American market for iron or steel doors, thresholds for doors and windows rose significantly to $X in 2022, growing by 5.4% against the previous year. Over the period under review, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Doors, Thresholds For Doors And Windows in Latin America and the Caribbean

In value terms, production of iron or steel doors, thresholds for doors and windows rose significantly to $X in 2022 estimated in export price. Overall, production showed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 32%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports in Latin America and the Caribbean

After five years of growth, shipments abroad of iron or steel doors, thresholds for doors and windows decreased by -0.3% to X units in 2022. In general, exports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, exports of iron or steel doors, thresholds for doors and windows surged to $X in 2022. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Mexico dominates windows structure, recording X units, which was approx. 87% of total exports in 2022. It was distantly followed by Guatemala (X units), creating a 5.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel window and door exports from Mexico stood at +4.9%. At the same time, Guatemala (+6.9%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +6.9% from 2012-2022. From 2012 to 2022, the share of Mexico increased by +5.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest iron or steel window and door supplier in Latin America and the Caribbean, comprising 91% of total exports. The second position in the ranking was held by Guatemala ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +10.3%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 21% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or steel doors, thresholds for doors and windows decreased by -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 43%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 Mexico ($X per unit), while Guatemala stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+6.3%).

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports in Latin America and the Caribbean

In 2022, imports of iron or steel doors, thresholds for doors and windows in Latin America and the Caribbean dropped to X units, which is down by -7.2% against the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows fell slightly to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Over the period under review, imports of reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Mexico represented the major importer of iron or steel doors, thresholds for doors and windows in Latin America and the Caribbean, with the volume of imports resulting at X units, which was approx. 24% of total imports in 2022. Panama (X units) held the second position in the ranking, followed by Jamaica (X units), Peru (X units), Chile (X units), Colombia (X units) and Bahamas (X units). All these countries together took approx. 37% share of total imports. Trinidad and Tobago (X units), Guatemala (X units), Uruguay (X units), Costa Rica (X units), Belize (X units) and Honduras (X units) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of iron or steel doors, thresholds for doors and windows. At the same time, Belize (+21.6%), Panama (+14.9%), Guatemala (+10.6%), Uruguay (+8.0%), Colombia (+7.5%), Peru (+7.0%), Bahamas (+4.8%), Jamaica (+4.7%), Honduras (+3.9%) and Chile (+3.3%) displayed positive paces of growth. Moreover, Belize emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +21.6% from 2012-2022. Costa Rica and Trinidad and Tobago experienced a relatively flat trend pattern. Panama (+6 p.p.), Peru (+2.7 p.p.), Colombia (+2.4 p.p.), Jamaica (+2.2 p.p.), Guatemala (+1.9 p.p.), Belize (+1.8 p.p.) and Bahamas (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by -3.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported iron or steel doors, thresholds for doors and windows in Latin America and the Caribbean, comprising 23% of total imports. The second position in the ranking was held by Chile ($X), with a 7.5% share of total imports. It was followed by Panama, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at -1.6%. In the other countries, the average annual rates were as follows: Chile (+1.2% per year) and Panama (+18.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, surging by 2.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 6% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Costa Rica ($X per unit), while Belize ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahamas (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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