Report Latin America and the Caribbean - Motor Vehicles for Travelling on Snow or Golf Cars - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 25, 2023

Latin America and the Caribbean - Motor Vehicles for Travelling on Snow or Golf Cars - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Snow Motor Vehicle Market 2023

Snow Motor Vehicle Market Size in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in the Latin American snow motor vehicle market, when its value increased by 26% to $X. In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Snow Motor Vehicle Production in Latin America and the Caribbean

In value terms, snow motor vehicle production shrank modestly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.4% against 2014 indices. The pace of growth was the most pronounced in 2015 with an increase of 35% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell slightly in the following year.

Snow Motor Vehicle Exports

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in overseas shipments of motor vehicles for travelling on snow or golf cars, which increased by 3.3% to X units in 2021. In general, exports posted a pronounced increase. The pace of growth appeared the most rapid in 2017 when exports increased by 99% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, snow motor vehicle exports rose significantly to $X in 2021. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 50%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Mexico (X units) was the main exporter of motor vehicles for travelling on snow or golf cars in Latin America and the Caribbean, comprising 100% of total export.

Mexico was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars exports, with a CAGR of +4.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest snow motor vehicle supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at +12.6%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, with an increase of 5.9% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, snow motor vehicle export price increased by +101.1% against 2017 indices. The growth pace was the most rapid in 2018 when the export price increased by 69% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to +7.9% per year.

Snow Motor Vehicle Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of motor vehicles for travelling on snow or golf cars was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, snow motor vehicle imports surged to $X in 2021. The total import value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile dominates imports structure, resulting at X units, which was approx. 67% of total imports in 2021. Mexico (X units) took a 7.9% share (based on physical terms) of total imports, which put it in second place, followed by the Dominican Republic (4.5%). Bahamas (X units), Argentina (X units), Ecuador (X units) and Peru (X units) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars imports, with a CAGR of +16.0% from 2012 to 2021. At the same time, the Dominican Republic (+12.5%), Argentina (+6.7%) and Ecuador (+4.6%) displayed positive paces of growth. By contrast, Bahamas (-1.9%), Mexico (-2.4%) and Peru (-14.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile and the Dominican Republic increased by +36 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported motor vehicles for travelling on snow or golf cars in Latin America and the Caribbean, comprising 35% of total imports. The second position in the ranking was held by Mexico ($X), with a 17% share of total imports. It was followed by the Dominican Republic, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Chile stood at +11.2%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+1.9% per year) and the Dominican Republic (+19.5% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, with a decrease of -31.8% against the previous year. Over the period under review, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 when the import price increased by 31% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bahamas ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahamas (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for motor vehicles for travelling on snow or golf cars in LatAmerica and the Caribbean?
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Chile remains the largest snow motor vehicle consuming country in Latin America and the Caribbean, comprising approx. 67% of total volume. Moreover, snow motor vehicle consumption in Chile exceeded the figures recorded by the second-largest consumer, Mexico, eightfold. The third position in this ranking was held by the Dominican Republic, with a 4.5% share.
What are the largest producers of motor vehicles for travelling on snow or golf cars in LatAmerica and the Caribbean?
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Mexico remains the largest snow motor vehicle producing country in Latin America and the Caribbean, accounting for 99.9% of total volume.
What are the leading exporters of motor vehicles for travelling on snow or golf cars in LatAmerica and the Caribbean?
+
In value terms, Mexico remains the largest snow motor vehicle supplier in Latin America and the Caribbean.
What are the leading importers of motor vehicles for travelling on snow or golf cars in LatAmerica and the Caribbean?
+
In value terms, Chile constitutes the largest market for imported motor vehicles for travelling on snow or golf cars in Latin America and the Caribbean, comprising 35% of total imports. The second position in the ranking was held by Mexico, with a 17% share of total imports. It was followed by the Dominican Republic, with a 12% share.
What is the average export price for motor vehicles for travelling on snow or golf cars in LatAmerica and the Caribbean?
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The export price in Latin America and the Caribbean stood at $15,294 per unit in 2021, surging by 5.9% against the previous year.
What is the average import price for motor vehicles for travelling on snow or golf cars in LatAmerica and the Caribbean?
+
The import price in Latin America and the Caribbean stood at $2,630 per unit in 2021, waning by -31.8% against the previous year.

This report provides an in-depth analysis of the snow motor vehicle market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 29105200 - Motor vehicles specially designed for travelling on snow, golf cars and similar vehicles
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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