Latin America and the Caribbean: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Latin America and the Caribbean

The Latin American air or gas liquefier market reached $X.2B in 2022, approximately reflecting the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X.3B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machinery for Liquefying Air or Gases in Latin America and the Caribbean

In value terms, air or gas liquefier production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X.1B in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Machinery for Liquefying Air or Gases

Exports in Latin America and the Caribbean

In 2022, shipments abroad of machinery for liquefying air or gases increased by X% to X units, rising for the third consecutive year after four years of decline. Over the period under review, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, air or gas liquefier exports declined significantly to $X in 2022. In general, exports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Chile (X units), achieving a X% share of total exports. The following exporters - Panama (X units) and Trinidad and Tobago (X units) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to air or gas liquefier exports from Brazil stood at X%. At the same time, Trinidad and Tobago (X%) and Chile (X%) displayed positive paces of growth. Moreover, Trinidad and Tobago emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Panama (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Panama saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest air or gas liquefier supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

In Brazil, air or gas liquefier exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Panama (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Brazil ($X per unit), while Trinidad and Tobago ($X per unit) was amongst the lowest.

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

Imports of Machinery for Liquefying Air or Gases

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded decline in overseas purchases of machinery for liquefying air or gases, which decreased by X% to X units in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, air or gas liquefier imports fell dramatically to $X in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced notably in the following year.

Imports by Country

Chile prevails in imports structure, recording X units, which was near X% of total imports in 2022. Peru (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by El Salvador (X%). Brazil (X units) took a relatively small share of total imports.

Chile was also the fastest-growing in terms of the machinery for liquefying air or gases imports, with a CAGR of X% from 2012 to 2022. At the same time, El Salvador (X%) and Brazil (X%) displayed positive paces of growth. By contrast, Peru (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile and El Salvador increased by X and X percentage points, respectively.

In value terms, the largest air or gas liquefier importing markets in Latin America and the Caribbean were Peru ($X), Brazil ($X) and Chile ($X), with a combined X% share of total imports. El Salvador lagged somewhat behind, accounting for a further X%.

In terms of the main importing countries, El Salvador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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