Latin America and the Caribbean: Rubber Transmission Belts Market 2020

Rubber Transmission Belts Market Size in Latin America and the Caribbean

The revenue of the rubber transmission belts market in Latin America and the Caribbean amounted to $X in 2017, leveling off at the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011, when market value increased by X% y-o-y. Over the period under review, the rubber transmission belts market attained its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Rubber Transmission Belts Production in Latin America and the Caribbean

In 2017, approx. X tons of rubber transmission belts were produced in Latin America and the Caribbean; approximately equating the previous year. The rubber transmission belts production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013, when it surged by X% y-o-y. The volume of rubber transmission belts production peaked in 2017, and is expected to retain its growth in the near future.

Rubber Transmission Belts Exports in Latin America and the Caribbean

In 2017, the amount of rubber transmission belts exported in Latin America and the Caribbean amounted to X tons, dropping by -X% against the previous year. The rubber transmission belts exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when exports increased by X% y-o-y. In that year, the rubber transmission belts exports attained their peak volume of X tons. From 2011 to 2017, growth of the rubber transmission belts exports failed to regain its momentum.

In value terms, rubber transmission belts exports totaled $X in 2017. The rubber transmission belts exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Rubber Transmission Belts Exports by Country in Latin America and the Caribbean

Mexico was the main exporter of rubber transmission belts in Latin America and the Caribbean, with the volume of exports reaching X tons, which was approx. X% of total exports in 2017. Brazil (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%). Venezuela (X tons) took the weak share of total exports.

Mexico experienced a relatively flat trend pattern of rubber transmission belts exports. Argentina experienced a relatively flat trend pattern. Brazil (-X%) and Venezuela (-X%) illustrated a downward trend over the same period. While the share of Venezuela (X%) and Brazil (X%) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest rubber transmission belts supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Mexico, rubber transmission belts exports remained relatively stable over the period from 2007-2017. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Argentina (-X% per year).

Rubber Transmission Belts Export Prices by Country in Latin America and the Caribbean

In 2017, the rubber transmission belts export price in Latin America and the Caribbean amounted to $X per kg, remaining stable against the previous year. The rubber transmission belts export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. The level of export price peaked of $X per kg in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Brazil ($X per kg), while Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Rubber Transmission Belts Imports in Latin America and the Caribbean

In 2017, the amount of rubber transmission belts imported in Latin America and the Caribbean totaled X tons, surging by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2017, when imports increased by X% y-o-y. The volume of imports peaked of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, rubber transmission belts imports totaled $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, the rubber transmission belts imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Rubber Transmission Belts Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons) was the major importer for rubber transmission belts, comprising X% of total imports. Brazil (X tons) held the second position in the ranking, distantly followed by Colombia (X tons), Argentina (X tons) and Ecuador (X tons). All these countries together held approx. X% share of total imports. The following importers - Chile (X tons) and Peru (X tons) each recorded a X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ecuador (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest rubber transmission belts markets worldwide were Mexico ($X), Brazil ($X) and Colombia ($X), together accounting for X% of total imports. These countries were followed by Argentina, Chile, Ecuador and Peru, which together accounted for a further X%.

Ecuador (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Rubber Transmission Belts Import Prices by Country in Latin America and the Caribbean

The rubber transmission belts import price in Latin America and the Caribbean stood at $X per kg in 2017, falling by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009, when the import prices increased by X% year-to-year. Over the period under review, the import prices for rubber transmission belts attained its peak figure level of $X per kg in 2016, and then declined slightly in the following year.

Import prices varied noticeably by the country of destination; the country with the highest import price was Chile ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform