Latin America and the Caribbean: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Latin America and the Caribbean

The Latin American market for parts of harvester and threshers contracted slightly to $X in 2021, declining by -2.3% against the previous year. Over the period under review, consumption, however, continues to indicate a slight descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in Latin America and the Caribbean

In value terms, parts of harvester and threshers production contracted to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 48%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports in Latin America and the Caribbean

In 2021, overseas shipments of parts of harvester and threshers increased by 123% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Mexico (X units) and Brazil (X units) prevails in exports structure, together committing 95% of total exports. It was distantly followed by Argentina (X units), committing a 4.8% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Mexico, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, dropping by -30.1% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 5.7%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-3.9%), while the other leaders experienced a decline in the export price figures.

Imports of Parts Of Harvester And Threshers

Imports in Latin America and the Caribbean

In 2021, approx. X units of parts of harvester and threshers were imported in Latin America and the Caribbean; picking up by 76% on 2020. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.9% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers imports surged to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X units) and Brazil (X units) represented the largest importers of parts of harvester and threshers in 2021, recording near 36% and 33% of total imports, respectively. It was distantly followed by Argentina (X units), constituting an 18% share of total imports. The following importers - Paraguay (X units) and Chile (X units) - each reached a 3.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Argentina (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers importing markets in Latin America and the Caribbean were Brazil ($X), Argentina ($X) and Mexico ($X), together comprising 82% of total imports.

Argentina, with a CAGR of +15.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, which is down by -13.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 34% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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