Latin America and the Caribbean: Cutting Blade Market 2024

Cutting Blade Market Size in Latin America and the Caribbean

The Latin American cutting blade market dropped to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Cutting Blade Production in Latin America and the Caribbean

In value terms, cutting blade production shrank to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Cutting Blade Exports

Exports in Latin America and the Caribbean

In 2022, the amount of knives and cutting blades (for machines or for mechanical appliances) exported in Latin America and the Caribbean rose significantly to X tons, surging by X% against the previous year. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, cutting blade exports declined modestly to $X in 2022. Total exports indicated strong 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

Brazil (X tons) and Mexico (X tons) dominates exports structure, together comprising X% of total exports. Colombia (X tons) held the next position in the ranking, followed by Argentina (X tons). All these countries together held near X% share of total exports. Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Chile (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Cutting Blade Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of knives and cutting blades (for machines or for mechanical appliances) were imported in Latin America and the Caribbean; growing by X% on 2021 figures. Total imports indicated a strong increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, cutting blade imports expanded sharply 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. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Mexico (X tons) was the main importer of knives and cutting blades (for machines or for mechanical appliances), comprising X% of total imports. Brazil (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Bolivia (X%) and Chile (X%). Colombia (X tons), Argentina (X tons), Guatemala (X tons), Ecuador (X tons) and the Dominican Republic (X tons) held a relatively small share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Bolivia (X%), Brazil (X%), the Dominican Republic (X%), Guatemala (X%), Ecuador (X%), Colombia (X%), Peru (X%), Chile (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Brazil and Bolivia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with an X% share.

In Mexico, cutting blade 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: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Chile ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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