Latin America and the Caribbean: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Latin America and the Caribbean

The Latin American market for sanitary ware and parts of iron or steel expanded slightly to $X in 2022, surging by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Production of Sanitary Ware And Parts Of Iron Or Steel in Latin America and the Caribbean

In value terms, iron or steel sanitary ware production rose modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in Latin America and the Caribbean

In 2022, the amount of sanitary ware and parts of iron or steel exported in Latin America and the Caribbean reduced to X units, which is down by X% against the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, iron or steel sanitary ware exports rose rapidly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. 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 dominates exports structure, resulting at X units, which was near X% of total exports in 2022. The Dominican Republic (X units), Brazil (X units), Panama (X units) and Colombia (X units) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of sanitary ware and parts of iron or steel. At the same time, the Dominican Republic (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Brazil (X%) and Panama (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Panama (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest iron or steel sanitary ware supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

In Mexico, iron or steel sanitary ware exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Panama (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs 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 ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

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

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in Latin America and the Caribbean

In 2022, approx. X units of sanitary ware and parts of iron or steel were imported in Latin America and the Caribbean; with a decrease of X% against 2021 figures. The total import volume 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 growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, iron or steel sanitary ware imports expanded modestly 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Mexico (X units) was the key importer of sanitary ware and parts of iron or steel, constituting X% of total imports. Chile (X units) ranks second in terms of the total imports with a X% share, followed by the Dominican Republic (X%), Colombia (X%) and Peru (X%). The following importers - Brazil (X units), Ecuador (X units), Costa Rica (X units), Bolivia (X units), Argentina (X units), Jamaica (X units), Guatemala (X units) and Panama (X units) - together made up X% of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Bolivia (X%), Jamaica (X%), Panama (X%), the Dominican Republic (X%), Guatemala (X%), Peru (X%), Colombia (X%), Costa Rica (X%), Ecuador (X%), Chile (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, the Dominican Republic, Bolivia, Jamaica, Peru and Colombia 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, Mexico ($X) constitutes the largest market for imported sanitary ware and parts of iron or steel in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, iron or steel sanitary ware imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Dominican Republic (X% per year) and Chile (X% per year).

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. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :