Latin America and the Caribbean: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Latin America and the Caribbean

The Latin American machine-tool for removing material market soared to $X in 2022, increasing by X% against the previous year. In general, consumption recorded a resilient expansion. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Machine-Tools For Working Any Material By Removal Of Material in Latin America and the Caribbean

In value terms, machine-tool for removing material production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Latin America and the Caribbean

In 2022, approx. X units of machine-tools for working any material by removal of material were exported in Latin America and the Caribbean; declining by X% against 2021. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for removing material exports reduced markedly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Mexico prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. Brazil (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for removing material exports from Mexico stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest machine-tool for removing material supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Mexico, machine-tool for removing material 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, surging by X% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Latin America and the Caribbean

In 2022, approx. X units of machine-tools for working any material by removal of material were imported in Latin America and the Caribbean; rising by X% on the previous year. Over the period under review, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, machine-tool for removing material imports surged to $X in 2022. Total imports indicated a prominent expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Mexico (X units) and Brazil (X units) represented roughly X% of total imports in 2022. Argentina (X units) held the next position in the ranking, followed by Peru (X units). All these countries together held approx. X% share of total imports. Colombia (X units) and Chile (X units) followed a long way behind the leaders.

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

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Argentina, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Latin America and the Caribbean stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Peru ($X per unit) 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 import price figures.

Source: IndexBox Platform

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