Latin America and the Caribbean: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Latin America and the Caribbean

The Latin American market for spray guns and similar appliances reduced slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Spray Guns And Similar Appliances in Latin America and the Caribbean

In value terms, spray guns and similar appliances production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports in Latin America and the Caribbean

In 2022, after two years of decline, there was growth in overseas shipments of spray guns and similar appliances, when their volume increased by X% to X units. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spray guns and similar appliances exports rose rapidly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. 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, finishing at X units, which was approx. X% of total exports in 2022. Guatemala (X units) ranks second in terms of the total exports with an X% share, followed by El Salvador (X%). Brazil (X units), Chile (X units) and Colombia (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spray guns and similar appliances exports from Mexico stood at X%. At the same time, Guatemala (X%), El Salvador (X%) and Chile (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Guatemala and El Salvador increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest spray guns and similar appliances supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: 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. Over the period under review, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum 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 Chile ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

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

Imports of Spray Guns And Similar Appliances

Imports in Latin America and the Caribbean

After two years of growth, overseas purchases of spray guns and similar appliances decreased by X% to X units in 2022. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, spray guns and similar appliances imports stood at $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 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

Mexico (X units) and Brazil (X units) were the largest importers of spray guns and similar appliances in 2022, recording approx. X% and X% of total imports, respectively. It was distantly followed by Peru (X units), Colombia (X units) and Argentina (X units), together comprising a X% share of total imports. Chile (X units), Ecuador (X units), Trinidad and Tobago (X units), Guatemala (X units), Costa Rica (X units), Bolivia (X units), the Dominican Republic (X units) and El Salvador (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported spray guns and similar appliances in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with an X% share of total imports. It was followed by Chile, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2015; however, from 2016 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 Chile ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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