Latin America and the Caribbean: Non-Propelled Vehicle Axle Market 2020

Non-Propelled Vehicle Axle Market Size in Latin America and the Caribbean

The revenue of the non-propelled vehicle axle market in Latin America and the Caribbean amounted to $X in 2017, going up by X% against the previous year. The total market indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the non-propelled vehicle axle consumption decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2017, when it surged by X% y-o-y. The level of non-propelled vehicle axle consumption peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Non-Propelled Vehicle Axle Production in Latin America and the Caribbean

In 2017, production of axles of vehicles which are not mechanically propelled in Latin America and the Caribbean totaled X tons, dropping by -X% against the previous year. The non-propelled vehicle axle production continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2015, when the output figure increased by X% year-to-year. Over the period under review, the non-propelled vehicle axle production attained its peak figure volume of X tons in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Non-Propelled Vehicle Axle Exports in Latin America and the Caribbean

In 2017, the amount of axles of vehicles which are not mechanically propelled exported in Latin America and the Caribbean totaled X tons, going down by -X% against the previous year. The non-propelled vehicle axle exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. Over the period under review, the non-propelled vehicle axle exports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, non-propelled vehicle axle exports totaled $X in 2017. The non-propelled vehicle axle exports continue to indicate a relatively flat trend pattern. Over the period under review, the non-propelled vehicle axle exports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Non-Propelled Vehicle Axle Exports by Country in Latin America and the Caribbean

Mexico (X tons) and Brazil (X tons) prevails in non-propelled vehicle axle exports structure, together generating X% of total exports. Argentina (X tons), Guatemala (X tons) and Chile (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest non-propelled vehicle axle supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Mexico, non-propelled vehicle axle exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Argentina (-X% per year).

Non-Propelled Vehicle Axle Export Prices by Country in Latin America and the Caribbean

The non-propelled vehicle axle export price in Latin America and the Caribbean stood at $X per ton in 2017, picking up by X% against the previous year. The export price indicated a perceptible increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the non-propelled vehicle axle export price decreased by -X% against 2014 indices. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. The level of export price peaked of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Non-Propelled Vehicle Axle Imports in Latin America and the Caribbean

In 2017, approx. X tons of axles of vehicles which are not mechanically propelled were imported in Latin America and the Caribbean; increasing by X% against the previous year. The non-propelled vehicle axle imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2010, with an increase of X% against the previous year. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, non-propelled vehicle axle imports totaled $X in 2017. The non-propelled vehicle axle imports continue to indicate a remarkable increase. The level of imports peaked in 2017, and are likely to see steady growth in the near future.

Non-Propelled Vehicle Axle Imports by Country in Latin America and the Caribbean

Mexico represented the largest importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Brazil (X tons) and Chile (X tons), together comprising X% share of total imports. Peru (X tons), Argentina (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to non-propelled vehicle axle imports into Mexico stood at +X%. At the same time, Brazil (+X%), Peru (+X%) and Chile (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Colombia (-X%) and Argentina (-X%) illustrated a downward trend over the same period. Argentina (X%) significantly strengthened its position in terms of the global imports, while Chile, Peru, Brazil and Mexico saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported axles of vehicles which are not mechanically propelled in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Chile ($X), with a X% share of global imports. It was followed by Brazil, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Brazil (+X% per year).

Non-Propelled Vehicle Axle Import Prices by Country in Latin America and the Caribbean

The non-propelled vehicle axle import price in Latin America and the Caribbean stood at $X per ton in 2017, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012, when the import prices increased by X% year-to-year. Over the period under review, the import prices for axles of vehicles which are not mechanically propelled reached its peak figure level of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform