Latin America and the Caribbean: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in Latin America and the Caribbean

In 2021, the Latin American base metal hinge market increased by 21% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Base Metal Hinge Production in Latin America and the Caribbean

In value terms, base metal hinge production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 45%. The level of production peaked at $X in 2020, and then declined in the following year.

Base Metal Hinge Exports

Exports in Latin America and the Caribbean

In 2021, the amount of base metal hinges exported in Latin America and the Caribbean surged to X tons, picking up by 21% against the previous year. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 22% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, base metal hinge exports rose rapidly to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when exports increased by 20% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Mexico (X tons) represented the main exporter of base metal hinges, generating 80% of total exports. It was distantly followed by Brazil (X tons) and Colombia (X tons), together committing a 17% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to base metal hinge exports from Mexico stood at +5.1%. At the same time, Colombia (+7.4%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +7.4% from 2012-2021. By contrast, Brazil (-5.1%) illustrated a downward trend over the same period. Mexico (+18 p.p.) and Colombia (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -9.7% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest base metal hinge supplier in Latin America and the Caribbean, comprising 87% of total exports. The second position in the ranking was held by Brazil ($X), with a 7.2% share of total exports.

In Mexico, base metal hinge exports expanded at an average annual rate of +7.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-10.8% per year) and Colombia (+5.9% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, with a decrease of -6.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 22% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced a decline in the export price figures.

Base Metal Hinge Imports

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in overseas purchases of base metal hinges, when their volume increased by 39% to X tons. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hinge imports soared to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the main importer of base metal hinges in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. 46% of total imports in 2021. Brazil (X tons) took the second position in the ranking, distantly followed by Chile (X tons), Colombia (X tons) and Argentina (X tons). All these countries together took approx. 38% share of total imports. Peru (X tons) and Ecuador (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to base metal hinge imports into Mexico stood at +2.5%. At the same time, Chile (+11.8%), Colombia (+10.9%), Peru (+9.9%), Brazil (+6.8%) and Ecuador (+4.9%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +11.8% from 2012-2021. By contrast, Argentina (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Chile, Colombia and Peru increased by +4.3, +3.5, +2.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported base metal hinges in Latin America and the Caribbean, comprising 54% of total imports. The second position in the ranking was held by Brazil ($X), with an 18% share of total imports. It was followed by Colombia, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +4.5%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+3.8% per year) and Colombia (+13.0% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 2.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 2.6%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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