Latin America and the Caribbean: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Latin America and the Caribbean

In 2022, the Latin American market for pulley tackle and hoists powered by an electric motor increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Latin America and the Caribbean

In value terms, production of pulley tackle and hoists powered by an electric motor declined to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports in Latin America and the Caribbean

In 2022, the amount of pulley tackle and hoists powered by an electric motor exported in Latin America and the Caribbean reduced modestly to X units, shrinking by X% compared with the previous year's figure. Over the period under review, exports saw a noticeable decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Brazil represented the main exporting country with an export of around X units, which amounted to X% of total exports. Peru (X units) ranks second in terms of the total exports with an X% share, followed by Mexico (X%) and Panama (X%). Chile (X units), Colombia (X units), Jamaica (X units), Bahamas (X units) and Honduras (X units) held a minor share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of pulley tackle and hoists powered by an electric motor. At the same time, Peru (X%), Bahamas (X%), Honduras (X%), Jamaica (X%), Panama (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru, Brazil, Panama, Bahamas, Jamaica and Honduras increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Peru ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Mexico, Panama, Honduras, Bahamas, Colombia and Jamaica lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Bahamas, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price showed a measured increase. The pace of growth was the most pronounced in 2017 when the export price increased by X%. 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 Chile ($X per unit), while Jamaica ($X per unit) was amongst the lowest.

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

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports in Latin America and the Caribbean

In 2022, overseas purchases of pulley tackle and hoists powered by an electric motor increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated prominent growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, imports of pulley tackle and hoists powered by an electric motor surged to $X in 2022. Over the period under review, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the largest importer of pulley tackle and hoists powered by an electric motor in Latin America and the Caribbean, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Brazil (X units) held the second position in the ranking, followed by Argentina (X units) and Chile (X units). All these countries together held near X% share of total imports. The following importers - Colombia (X units), Peru (X units) and Ecuador (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to pulley tackle and hoists powered by an electric motor imports into Mexico stood at X%. At the same time, Ecuador (X%), Chile (X%), Peru (X%), Colombia (X%), Brazil (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Argentina, Colombia, Peru and Ecuador lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price showed a abrupt slump. The growth pace was the most rapid in 2019 a decrease of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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