Latin America and the Caribbean: Non-Household Fan Market 2024

Non-Household Fan Market Size in Latin America and the Caribbean

In 2022, the Latin American non-household fan market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Non-Household Fan Production in Latin America and the Caribbean

In value terms, non-household fan production fell slightly to $X in 2022 estimated in export price. In general, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Non-Household Fan Exports

Exports in Latin America and the Caribbean

Non-household fan exports reached X units in 2022, growing by X% compared with the previous year. Total exports indicated a strong expansion from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, non-household fan exports skyrocketed to $X in 2022. Total exports indicated a strong 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, exports increased by X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units), achieving a X% share of total exports.

Mexico was also the fastest-growing in terms of the non-household ventilation fans exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest non-household fan supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

In Mexico, non-household fan exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Mexico amounted to $X per unit.

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

Non-Household Fan Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of non-household ventilation fans increased by X% to X units, rising for the sixth year in a row after three years of decline. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, non-household fan imports skyrocketed to $X in 2022. Total imports indicated a buoyant increase 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 growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Mexico (X units) was the main importer of non-household ventilation fans, committing X% of total imports. Brazil (X units) held the second position in the ranking, distantly followed by Argentina (X units). All these countries together took approx. X% share of total imports.

Mexico was also the fastest-growing in terms of the non-household ventilation fans imports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%) and Brazil (X%) displayed positive paces of growth. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) constitutes the largest market for imported non-household ventilation fans in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports.

In Mexico, non-household fan imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 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 Mexico ($X per unit), while Brazil ($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

Frequently Asked Questions (FAQ) :