Latin America and the Caribbean: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Latin America and the Caribbean

The Latin American full-rotation excavator market fell to $X,897.1B in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X,929.4B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Full-Rotation Excavator Production in Latin America and the Caribbean

In value terms, full-rotation excavator production reduced to $X,114.9B in 2022 estimated in export price. Overall, production recorded a deep slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X,227.7B in 2014; however, from 2015 to 2022, production failed to regain momentum.

Full-Rotation Excavator Exports

Exports in Latin America and the Caribbean

Full-rotation excavator exports fell modestly to X units in 2022, flattening at 2021 figures. Overall, exports, however, posted a slight increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, full-rotation excavator exports rose rapidly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, resulting at X units, which was near X% of total exports in 2022. The following exporters - Peru (X units), Guatemala (X units) and Chile (X units) - together made up X% of total exports.

Brazil was also the fastest-growing in terms of the self-propelled full-rotation excavators and bulldozers exports, with a CAGR of X% from 2012 to 2022. At the same time, Guatemala (X%) and Peru (X%) displayed positive paces of growth. By contrast, Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest full-rotation excavator supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Brazil, full-rotation excavator exports increased 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: Peru (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while Guatemala ($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 a decline in the export price figures.

Full-Rotation Excavator Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of self-propelled full-rotation excavators and bulldozers increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, full-rotation excavator imports surged to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units), distantly followed by Chile (X units), Mexico (X units), Colombia (X units), Argentina (X units), Ecuador (X units), Peru (X units) and Bolivia (X units) represented the major importers of self-propelled full-rotation excavators and bulldozers, together mixing up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Argentina, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Peru ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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