Latin America and the Caribbean: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Latin America and the Caribbean

In 2022, the Latin American pressure-reducing iron valve market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The total consumption indicated a perceptible 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 2014 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Pressure-Reducing Iron Valve Production in Latin America and the Caribbean

In value terms, pressure-reducing iron valve production amounted to $X in 2022 estimated in export price. The total production indicated a noticeable 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of pressure-reducing, control, check and safety valves increased by X% to X units, rising for the sixth consecutive year after two years of decline. In general, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pressure-reducing iron valve exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. Brazil (X units) held a minor share of total exports.

Mexico was also the fastest-growing in terms of the pressure-reducing, control, check and safety valves exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points.

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

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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%).

Pressure-Reducing Iron Valve Imports

Imports in Latin America and the Caribbean

Pressure-reducing iron valve imports reached X units in 2022, approximately equating 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, pressure-reducing iron valve imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico (X units) and Brazil (X units) were the main importers of pressure-reducing, control, check and safety valves in 2022, finishing at approx. X% and X% of total imports, respectively. Peru (X units) took the next position in the ranking, followed by Chile (X units) and Bolivia (X units). All these countries together took approx. X% share of total imports. Colombia (X units), Belize (X units), Guatemala (X units), Argentina (X units), Jamaica (X units), Costa Rica (X units), Ecuador (X units) and the Dominican Republic (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belize (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Peru ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Chile, Colombia, Argentina, Guatemala, Bolivia, Ecuador, the Dominican Republic, Costa Rica, Jamaica and Belize lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Belize, with a CAGR of X%, saw 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, surging by X% against the previous year. Overall, the import price showed a modest expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Belize ($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 more modest paces of growth.

Source: IndexBox Platform

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