Latin America and the Caribbean: Working Wire Machine Market 2024

Working Wire Machine Market Size in Latin America and the Caribbean

The Latin American working wire machine market expanded notably to $X in 2022, growing by X% against the previous year. Overall, consumption, however, recorded a pronounced reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Working Wire Machine Production in Latin America and the Caribbean

In value terms, working wire machine production expanded remarkably to $X in 2022 estimated in export price. In general, production showed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Working Wire Machine Exports

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in shipments abroad of machines for working wire, which increased by X% to X units in 2022. Over the period under review, exports, however, saw a pronounced downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, working wire machine exports shrank to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil represented the main exporter of machines for working wire in Latin America and the Caribbean, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Chile (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%). Argentina (X units), Colombia (X units), Ecuador (X units), Honduras (X units) and Panama (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to working wire machine exports from Brazil stood at X%. At the same time, Ecuador (X%), Chile (X%), Peru (X%) and Honduras (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina and Colombia experienced a relatively flat trend pattern. By contrast, Panama (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Peru and Ecuador increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, working wire machine exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Ecuador (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. Export price indicated perceptible growth from 2012 to 2022: its price 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. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per unit in 2021, and then reduced notably in the following year.

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 Ecuador ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the other leaders experienced more modest paces of growth.

Working Wire Machine Imports

Imports in Latin America and the Caribbean

In 2022, imports of machines for working wire in Latin America and the Caribbean rose slightly to X units, growing by X% against the year before. In general, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, working wire machine imports rose markedly to $X in 2022. Over the period under review, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X units) and Brazil (X units) represented roughly X% of total imports in 2022. It was distantly followed by Honduras (X units), Peru (X units), Colombia (X units), Chile (X units) and Argentina (X units), together generating a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X), Mexico ($X) and Honduras ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Honduras, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, 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 Brazil ($X per unit), while Peru ($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 more modest paces of growth.

Source: IndexBox Platform

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