Latin America and the Caribbean: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Latin America and the Caribbean

In 2023, the Latin American footwear making machinery market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Footwear Making Machinery Production in Latin America and the Caribbean

In value terms, footwear making machinery production amounted to $X in 2023 estimated in export price. Over the period under review, production enjoyed a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Footwear Making Machinery Exports

Exports in Latin America and the Caribbean

In 2023, footwear making machinery exports in Latin America and the Caribbean totaled X units, remaining stable against 2022 figures. Over the period under review, exports, however, showed a abrupt slump. 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 reached the peak figure at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, footwear making machinery exports dropped modestly to $X in 2023. In general, exports, however, continue to indicate a noticeable slump. 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 attained the peak figure at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Brazil (X units) represented the key exporter of machinery for making or repairing footwear, making up X% of total exports. The Dominican Republic (X units) took the second position in the ranking, followed by Colombia (X units). All these countries together took near X% share of total exports. The following exporters - Guatemala (X units) and Mexico (X units) - together made up X% of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Colombia (X%) and the Dominican Republic (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Guatemala (X%) and Mexico (X%) illustrated a downward trend over the same period. Colombia (X p.p.) and the Dominican Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest footwear making machinery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: the Dominican Republic (X% per year) and Guatemala (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2023, which is down by X% against the previous year. Export price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, footwear making machinery export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2022, and then dropped slightly in the following year.

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

From 2012 to 2023, 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.

Footwear Making Machinery Imports

Imports in Latin America and the Caribbean

In 2023, approx. X units of machinery for making or repairing footwear were imported in Latin America and the Caribbean; growing by X% on 2022. In general, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, footwear making machinery imports reduced dramatically to $X in 2023. Overall, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Mexico (X units), distantly followed by Peru (X units), Brazil (X units), Argentina (X units) and the Dominican Republic (X units) represented the key importers of machinery for making or repairing footwear, together committing X% of total imports. The following importers - Bolivia (X units) and Ecuador (X units) - each accounted for a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Mexico ($X), Argentina ($X) and Peru ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Peru, 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 a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2023, 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 Argentina ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform