Latin America and the Caribbean: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in the Latin American wood bending machine market, when its value increased by 142% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Bending Machine Production in Latin America and the Caribbean

In value terms, wood bending machine production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 23%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Wood Bending Machine Exports

Exports in Latin America and the Caribbean

Wood bending machine exports shrank significantly to X units in 2021, with a decrease of -29.5% against the previous year's figure. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 120% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood bending machine exports dropped to $X in 2021. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Brazil (X units) represented the major exporter of bending or assembling machines, constituting 68% of total exports. It was distantly followed by Chile (X units), committing a 29% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood bending machine exports from Brazil stood at -12.8%. Chile (-8.9%) illustrated a downward trend over the same period. Chile (+10 p.p.) and Brazil (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest wood bending machine supplier in Latin America and the Caribbean, comprising 77% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by 29% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 495%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Chile stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+24.7%).

Wood Bending Machine Imports

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in supplies from abroad of bending or assembling machines, when their volume increased by 234% to X units. Over the period under review, imports, however, saw a abrupt downturn. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, wood bending machine imports soared to $X in 2021. In general, imports, however, saw a noticeable decline. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Brazil represented the largest importing country with an import of around X units, which resulted at 54% of total imports. Chile (X units) held a 32% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (5.2%). Peru (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of +55.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported bending or assembling machines in Latin America and the Caribbean, comprising 60% of total imports. The second position in the ranking was held by Mexico ($X), with a 17% share of total imports. It was followed by Chile, with a 4.6% share.

In Brazil, wood bending machine imports plunged by an average annual rate of -1.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-9.6% per year) and Chile (+3.2% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, with a decrease of -59.4% against the previous year. Overall, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by 678% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+16.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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