Latin America and the Caribbean: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Latin America and the Caribbean

The Latin American appliance part brush market reached $X in 2022, with an increase of 2.6% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Appliance Part Brush Production in Latin America and the Caribbean

In value terms, appliance part brush production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Appliance Part Brush Exports

Exports in Latin America and the Caribbean

In 2022, appliance part brush exports in Latin America and the Caribbean declined to X units, with a decrease of -7.2% against the previous year's figure. In general, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 with an increase of 10%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, appliance part brush exports reduced to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mexico (X units) represented the major exporter of brushes constituting parts of appliances, generating 81% of total exports. It was distantly followed by Brazil (X units), mixing up a 10% share of total exports. The following exporters - El Salvador (X units) and Chile (X units) - each resulted at a 6% share of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of brushes constituting parts of appliances. Brazil experienced a relatively flat trend pattern. El Salvador (-5.0%) and Chile (-13.5%) illustrated a downward trend over the same period. While the share of Mexico (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest appliance part brush supplier in Latin America and the Caribbean, comprising 84% of total exports. The second position in the ranking was taken by Brazil ($X), with a 10% share of total exports. It was followed by Chile, with a 3.1% share.

In Mexico, appliance part brush exports increased at an average annual rate of +1.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-0.9% per year) and Chile (-12.4% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, which is down by -2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 when the export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+4.0%), while the other leaders experienced more modest paces of growth.

Appliance Part Brush Imports

Imports in Latin America and the Caribbean

In 2022, appliance part brush imports in Latin America and the Caribbean rose slightly to X units, with an increase of 2.6% against the previous year's figure. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.3% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, appliance part brush imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Mexico represented the key importing country with an import of about X units, which accounted for 44% of total imports. It was distantly followed by Brazil (X units), Argentina (X units), Colombia (X units) and Peru (X units), together committing a 36% share of total imports. The following importers - Chile (X units) and Ecuador (X units) - each finished at a 6.2% share of total imports.

Imports into Mexico increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, Argentina (+10.9%), Brazil (+7.0%), Peru (+5.2%), Chile (+5.1%), Ecuador (+1.9%) and Colombia (+1.2%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +10.9% from 2012-2022. From 2012 to 2022, the share of Brazil and Argentina increased by +4.6 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported brushes constituting parts of appliances in Latin America and the Caribbean, comprising 61% of total imports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total imports. It was followed by Argentina, with a 5.9% share.

In Mexico, appliance part brush imports expanded at an average annual rate of +4.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+4.9% per year) and Argentina (+8.0% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, increasing by 5.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 6.6% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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