Latin America and the Caribbean: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Latin America and the Caribbean

The Latin American positive displacement pump market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Positive Displacement Pump Production in Latin America and the Caribbean

In value terms, positive displacement pump production rose significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Positive Displacement Pump Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of positive displacement pumps and hand pumps decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then contracted modestly in the following year.

In value terms, positive displacement pump exports expanded significantly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of positive displacement pumps and hand pumps, namely Mexico, represented more than two-thirds of total export.

Mexico was also the fastest-growing in terms of the positive displacement pumps and hand pumps exports, with a CAGR of X% from 2012 to 2022. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest positive displacement pump supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico was relatively modest.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Positive Displacement Pump Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of positive displacement pumps and hand pumps increased by X% to X units, rising for the third year in a row after three years of decline. In general, imports continue to indicate a mild increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, positive displacement pump imports stood at $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 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Mexico represented the largest importing country with an import of about X units, which recorded X% of total imports. Argentina (X units) ranks second in terms of the total imports with a X% share, followed by Brazil (X%) and Colombia (X%). Chile (X units) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%), Brazil (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Brazil (X p.p.), Colombia (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, the largest positive displacement pump importing markets in Latin America and the Caribbean were Mexico ($X), Colombia ($X) and Brazil ($X), with a combined X% share of total imports.

In terms of the main importing countries, Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, falling by X% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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