Report Latin America and the Caribbean - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jul 19, 2022

Latin America and the Caribbean - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Lifting Equipment Market 2022

Lifting Equipment Market Size in Latin America and the Caribbean

The Latin American lifting equipment market reduced to $X in 2021, dropping by -X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Lifting Equipment Production in Latin America and the Caribbean

In value terms, lifting equipment production contracted rapidly to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020, and then shrank dramatically in the following year.

Production By Country in Latin America and the Caribbean

The country with the largest volume of lifting equipment production was Brazil (X units), accounting for X% of total volume. Moreover, lifting equipment production in Brazil exceeded the figures recorded by the second-largest producer, Venezuela (X units), sixfold. The third position in this ranking was taken by the Dominican Republic (X units), with a X% share.

In Brazil, lifting equipment production increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Venezuela (+X% per year) and the Dominican Republic (+X% per year).

Lifting Equipment Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of lifting equipment decreased by -X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, lifting equipment exports fell sharply to $X in 2021. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

In 2021, Brazil (X units), distantly followed by El Salvador (X units), Venezuela (X units), Colombia (X units) and Mexico (X units) were the major exporters of lifting equipment, together creating X% of total exports. Uruguay (X units) and Costa Rica (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by El Salvador (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual growth rate of value in Brazil stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Venezuela (+X% per year) and Mexico (-X% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, declining by -X% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then fell in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the other leaders experienced mixed trends in the export price figures.

Lifting Equipment Imports

Imports in Latin America and the Caribbean

In 2021, the amount of lifting equipment imported in Latin America and the Caribbean skyrocketed to X units, picking up by X% against the previous year's figure. Over the period under review, imports showed modest growth. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, lifting equipment imports surged to $X in 2021. Overall, imports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a lower figure.

Imports by Country

Mexico was the largest importer of lifting equipment in Latin America and the Caribbean, with the volume of imports finishing at X units, which was approx. X% of total imports in 2021. Peru (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%), Paraguay (X%) and Brazil (X%). The following importers - Argentina (X units), Colombia (X units), Venezuela (X units), Ecuador (X units), the Dominican Republic (X units) and Uruguay (X units) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to lifting equipment imports into Mexico stood at +X%. At the same time, Peru (+X%), Paraguay (+X%), the Dominican Republic (+X%) and Uruguay (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Chile (-X%), Colombia (-X%), Brazil (-X%), Argentina (-X%), Ecuador (-X%) and Venezuela (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), Peru (+X p.p.) and Paraguay (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Colombia (-X p.p.), Ecuador (-X p.p.), Chile (-X p.p.), Argentina (-X p.p.), Venezuela (-X p.p.) and Brazil (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lifting equipment importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), together comprising X% of total imports. Paraguay, Argentina, Peru, Venezuela, Colombia, the Dominican Republic, Ecuador and Uruguay lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, with a decrease of -X% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in LatAmerica and the Caribbean?
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The country with the largest volume of lifting equipment consumption was Brazil, accounting for 56% of total volume. Moreover, lifting equipment consumption in Brazil exceeded the figures recorded by the second-largest consumer, Venezuela, sixfold. The third position in this ranking was taken by Mexico, with an 8.1% share.
What are the largest producers of lifting equipment in LatAmerica and the Caribbean?
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Brazil remains the largest lifting equipment producing country in Latin America and the Caribbean, comprising approx. 70% of total volume. Moreover, lifting equipment production in Brazil exceeded the figures recorded by the second-largest producer, Venezuela, sixfold. The Dominican Republic ranked third in terms of total production with a 5.1% share.
What are the leading exporters of lifting equipment in LatAmerica and the Caribbean?
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In value terms, Brazil remains the largest lifting equipment supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was taken by Venezuela, with a 5.6% share of total exports. It was followed by Mexico, with a 3.9% share.
What are the leading importers of lifting equipment in LatAmerica and the Caribbean?
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In value terms, Mexico, Chile and Brazil constituted the countries with the highest levels of imports in 2021, with a combined 59% share of total imports. These countries were followed by Paraguay, Argentina, Peru, Venezuela, Colombia, the Dominican Republic, Ecuador and Uruguay, which together accounted for a further 31%.
What is the average export price for lifting equipment in LatAmerica and the Caribbean?
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The export price in Latin America and the Caribbean stood at $6,808 per unit in 2021, with a decrease of -9.5% against the previous year.
What is the average import price for lifting equipment in LatAmerica and the Caribbean?
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In 2021, the import price in Latin America and the Caribbean amounted to $2,234 per unit, waning by -41.6% against the previous year.

This report provides an in-depth analysis of the lifting equipment market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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