Latin America and the Caribbean: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in Latin America and the Caribbean

The Latin American market for reel fed letterpress printing machinery shrank significantly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Reel Fed Letterpress Printing Machinery in Latin America and the Caribbean

In value terms, reel fed letterpress printing machinery production soared to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Exports of Reel Fed Letterpress Printing Machinery

Exports in Latin America and the Caribbean

Reel fed letterpress printing machinery exports soared to X units in 2022, jumping by X% on the previous year's figure. Over the period under review, exports continue to indicate a notable increase. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, reel fed letterpress printing machinery exports soared to $X in 2022. Overall, exports continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Panama represented the key exporter of reel fed letterpress printing machinery in Latin America and the Caribbean, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units), generating a X% share of total exports. Honduras (X units), Antigua and Barbuda (X units), Argentina (X units), Costa Rica (X units) and Guatemala (X units) held a minor share of total exports.

Exports from Panama increased at an average annual rate of X% from 2012 to 2022. 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. Guatemala, Antigua and Barbuda, Honduras and Costa Rica experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. Panama (X p.p.), Brazil (X p.p.), Honduras (X p.p.), Argentina (X p.p.), Guatemala (X p.p.), Antigua and Barbuda (X p.p.) and Costa Rica (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, Panama ($X) emerged as the largest reel fed letterpress printing machinery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports. It was followed by Antigua and Barbuda, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Panama amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Antigua and Barbuda (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a 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 Costa Rica ($X per unit), while Brazil ($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 mixed trends in the export price figures.

Imports of Reel Fed Letterpress Printing Machinery

Imports in Latin America and the Caribbean

After three years of growth, purchases abroad of reel fed letterpress printing machinery decreased by X% to X units in 2022. In general, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then plummeted in the following year.

In value terms, reel fed letterpress printing machinery imports contracted rapidly to $X in 2022. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, El Salvador (X units) represented the key importer of reel fed letterpress printing machinery, achieving X% of total imports. It was distantly followed by Colombia (X units), constituting a X% share of total imports. Peru (X units), Antigua and Barbuda (X units), Guatemala (X units), Chile (X units), Honduras (X units), Bolivia (X units) and Panama (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to reel fed letterpress printing machinery imports into El Salvador stood at X%. At the same time, Antigua and Barbuda (X%), Colombia (X%), Honduras (X%), Panama (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Antigua and Barbuda emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Bolivia experienced a relatively flat trend pattern. By contrast, Guatemala (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of El Salvador, Colombia, Antigua and Barbuda, Peru and Honduras increased by 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, the largest reel fed letterpress printing machinery importing markets in Latin America and the Caribbean were El Salvador ($X), Guatemala ($X) and Chile ($X), with a combined X% share of total imports.

Among the main importing countries, Chile, 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, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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 Chile ($X per unit), while Antigua and Barbuda ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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