Latin America and the Caribbean: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Latin America and the Caribbean

The Latin American self-propelled non-electric fork-lift truck market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Latin America and the Caribbean

In value terms, self-propelled non-electric fork-lift truck production totaled $X in 2022 estimated in export price. Overall, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports in Latin America and the Caribbean

In 2022, shipments abroad of self-propelled fork-lift trucks with non-electric motor increased by X% to X units, rising for the second consecutive year after four years of decline. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck exports skyrocketed to $X in 2022. Overall, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico represented the main exporter of self-propelled fork-lift trucks with non-electric motor in Latin America and the Caribbean, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units), constituting a X% share of total exports. Chile (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to self-propelled non-electric fork-lift truck exports from Mexico stood at X%. At the same time, Brazil (X%) and Chile (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. 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, Mexico ($X) remains the largest self-propelled non-electric fork-lift truck supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (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, growing by X% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Mexico ($X per unit), while Chile ($X per unit) was amongst the lowest.

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

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of self-propelled fork-lift trucks with non-electric motor increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck imports soared to $X in 2022. In general, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; afterwards, it flattened through to 2022.

Imports by Country

The purchases of the four major importers of self-propelled fork-lift trucks with non-electric motor, namely Mexico, Brazil, Chile and Argentina, represented more than two-thirds of total import. Colombia (X units), Uruguay (X units) and Peru (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Chile (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 Argentina ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Argentina, with a CAGR of X%, recorded the highest growth rate of 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, with a decrease of X% against the previous year. In general, the import price, however, saw a slight expansion. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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