Latin America and the Caribbean: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in Latin America and the Caribbean

The Latin American safes and strongboxes market totaled $X in 2022, picking up by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Safes And Strongboxes Production in Latin America and the Caribbean

In value terms, safes and strongboxes production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Safes And Strongboxes Exports

Exports in Latin America and the Caribbean

After three years of growth, shipments abroad of safes, strongboxes and doors of base metal decreased by X% to X tons in 2022. Total exports indicated a strong expansion 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. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, safes and strongboxes exports declined rapidly to $X in 2022. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Mexico dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. Ecuador (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the safes, strongboxes and doors of base metal exports, with a CAGR of X% from 2012 to 2022. At the same time, Ecuador (X%) displayed positive paces of growth. 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 ($X) remains the largest safes and strongboxes supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports.

In Mexico, safes and strongboxes exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Ecuador totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%).

Safes And Strongboxes Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of safes, strongboxes and doors of base metal were imported in Latin America and the Caribbean; increasing by X% compared with the previous year's figure. In general, imports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, safes and strongboxes imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Mexico represented the key importing country with an import of around X tons, which recorded X% of total imports. Brazil (X tons) took the second position in the ranking, distantly followed by Colombia (X tons) and Chile (X tons). All these countries together held near X% share of total imports. The Dominican Republic (X tons), Argentina (X tons), Guatemala (X tons), Panama (X tons), Jamaica (X tons) and Costa Rica (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to safes and strongboxes imports into Mexico stood at X%. At the same time, Jamaica (X%), Colombia (X%), Guatemala (X%) and the Dominican Republic (X%) displayed positive paces of growth. Moreover, Jamaica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina and Costa Rica experienced a relatively flat trend pattern. By contrast, Chile (X%), Panama (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported safes, strongboxes and doors of base metal in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 the Dominican Republic ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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