Latin America and the Caribbean: Loading Machinery Market 2024

Loading Machinery Market Size in Latin America and the Caribbean

The Latin American loading machinery market shrank to $X.6B in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs at $X.5B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Loading Machinery Production in Latin America and the Caribbean

In value terms, loading machinery production fell to $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X.3B. From 2019 to 2022, production growth remained at a lower figure.

Loading Machinery Exports

Exports in Latin America and the Caribbean

Loading machinery exports surged to X units in 2022, jumping by X% against the previous year. In general, exports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, loading machinery exports surged to $X in 2022. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X units), mixing up a X% share of total exports.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2022. Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, loading machinery exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2014 when the export price increased by X%. 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.

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

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

Loading Machinery Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of lifting, handling, loading or unloading machinery increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, loading machinery imports expanded significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the major importer of lifting, handling, loading or unloading machinery in Latin America and the Caribbean, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Mexico (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%), Peru (X%) and Argentina (X%). Colombia (X units) and Uruguay (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported lifting, handling, loading or unloading machinery in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with an X% share.

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 Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

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