Latin America and the Caribbean: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Latin America and the Caribbean

The Latin American brakes and servo-brakes market shrank to $X in 2022, with a decrease of -12.6% against the previous year. Overall, consumption saw a perceptible contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Brakes And Servo-Brakes Production in Latin America and the Caribbean

In value terms, brakes and servo-brakes production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 27%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Brakes And Servo-Brakes Exports

Exports in Latin America and the Caribbean

Brakes and servo-brakes exports skyrocketed to X tons in 2022, with an increase of 38% against 2021. Over the period under review, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, brakes and servo-brakes exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Mexico (X tons) represented the key exporter of brakes and servo-brakes, comprising 86% of total exports. It was distantly followed by Brazil (X tons), making up a 14% share of total exports.

Mexico was also the fastest-growing in terms of the brakes and servo-brakes exports, with a CAGR of +12.7% from 2012 to 2022. At the same time, Brazil (+2.7%) displayed positive paces of growth. While the share of Mexico (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-14.5 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest brakes and servo-brakes supplier in Latin America and the Caribbean, comprising 93% of total exports. The second position in the ranking was taken by Brazil ($X), with a 6.8% share of total exports.

In Mexico, brakes and servo-brakes exports expanded at an average annual rate of +11.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, reducing by -11.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 7.3% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-1.0%).

Brakes And Servo-Brakes Imports

Imports in Latin America and the Caribbean

In 2022, the amount of brakes and servo-brakes imported in Latin America and the Caribbean expanded markedly to X tons, growing by 15% on 2021. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, brakes and servo-brakes imports soared to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) was the main importer of brakes and servo-brakes, making up 68% of total imports. It was distantly followed by Brazil (X tons) and Argentina (X tons), together constituting a 20% share of total imports. Chile (X tons) and Colombia (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the brakes and servo-brakes imports, with a CAGR of +7.0% from 2012 to 2022. At the same time, Chile (+5.8%) and Colombia (+2.1%) displayed positive paces of growth. Brazil and Argentina experienced a relatively flat trend pattern. Mexico (+14 p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Brazil saw its share reduced by -4.4% and -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported brakes and servo-brakes in Latin America and the Caribbean, comprising 71% of total imports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total imports. It was followed by Argentina, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +5.8%. In the other countries, the average annual rates were as follows: Brazil (+2.6% per year) and Argentina (+0.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 4.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Brazil ($X per ton) and Mexico ($X per ton), while Colombia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :