Latin America and the Caribbean: Cement Pipe Market 2024

Cement Pipe Market Size in Latin America and the Caribbean

The Latin American cement pipe market declined modestly to $X in 2022, dropping by X% against the previous year. The total consumption indicated a temperate 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cement Pipe Production in Latin America and the Caribbean

In value terms, cement pipe production contracted to $X in 2022 estimated in export price. The total production indicated perceptible growth 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Cement Pipe Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of pipes and other articles of cement decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then shrank modestly in the following year.

In value terms, cement pipe exports rose rapidly to $X in 2022. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Mexico prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by El Salvador (X units) and Brazil (X units), together making up an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cement pipe exports from Mexico stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, El Salvador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico and Brazil increased by X and X percentage points, respectively.

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

In Mexico, cement pipe exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and El Salvador (X% per year).

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. Export price indicated prominent 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. Based on 2022 figures, cement pipe export price decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Cement Pipe Imports

Imports in Latin America and the Caribbean

In 2022, the amount of pipes and other articles of cement imported in Latin America and the Caribbean declined slightly to X units, waning by X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, cement pipe imports rose significantly to $X in 2022. Total imports indicated strong growth 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 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) was the major importer of pipes and other articles of cement, mixing up X% of total imports. Chile (X units) ranks second in terms of the total imports with a X% share, followed by Argentina (X%), Peru (X%), Uruguay (X%), Honduras (X%), Costa Rica (X%) and Mexico (X%). Guatemala (X units), Panama (X units), Venezuela (X units), El Salvador (X units) and Ecuador (X units) took a relatively small share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of pipes and other articles of cement. At the same time, Panama (X%), Argentina (X%), Peru (X%), Ecuador (X%), Uruguay (X%), Honduras (X%), Chile (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. El Salvador experienced a relatively flat trend pattern. By contrast, Guatemala (X%), Mexico (X%) and Venezuela (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.), Peru (X p.p.), Uruguay (X p.p.), Chile (X p.p.), Panama (X p.p.) and Honduras (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Venezuela (X p.p.), Guatemala (X p.p.), Mexico (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Chile ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mexico, Uruguay, Peru, Costa Rica, Panama, Ecuador, Guatemala, Venezuela, Honduras and El Salvador lagged somewhat behind, together accounting for a further X%.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. Import price indicated a temperate increase 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. Based on 2022 figures, cement pipe import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Honduras ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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