Latin America and the Caribbean: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Latin America and the Caribbean

The Latin American centrifugal clothes-dryer market dropped to $X in 2021, which is down by -13.4% against the previous year. In general, consumption faced a deep slump. The most prominent rate of growth was recorded in 2018 when the market value increased by 3.9% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Production in Latin America and the Caribbean

In value terms, centrifugal clothes-dryer production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Centrifugal Clothes-Dryer Exports

Exports in Latin America and the Caribbean

After six years of decline, shipments abroad of centrifugal clothes-dryers increased by 91% to X units in 2021. Overall, exports, however, saw a perceptible shrinkage. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Brazil (X units) and Argentina (X units) represented the largest exporter of centrifugal clothes-dryers in Latin America and the Caribbean, committing 97% of total export.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +8.6%).

In value terms, Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2021.

Brazil, with a CAGR of +2.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, falling by -9.9% against the previous year. Over the period under review, the export price recorded a mild slump. The pace of growth was the most pronounced in 2013 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.9%).

Centrifugal Clothes-Dryer Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded decline in purchases abroad of centrifugal clothes-dryers, which decreased by -4% to X units in 2021. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 15%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, centrifugal clothes-dryer imports shrank modestly to $X in 2021. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 19%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Paraguay (X units) represented the largest importer of centrifugal clothes-dryers, committing 32% of total imports. Mexico (X units) took the second position in the ranking, followed by the Dominican Republic (X units), Chile (X units), Peru (X units) and Guatemala (X units). All these countries together held approx. 40% share of total imports. Barbados (X units), Guyana (X units), Trinidad and Tobago (X units), Cayman Islands (X units), Belize (X units) and Costa Rica (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to centrifugal clothes-dryer imports into Paraguay stood at -4.1%. At the same time, Guatemala (+27.0%), Cayman Islands (+23.6%), Costa Rica (+20.0%), Mexico (+16.6%), Guyana (+11.7%), Chile (+10.2%), Barbados (+4.5%), the Dominican Republic (+3.7%) and Trinidad and Tobago (+3.4%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +27.0% from 2012-2021. By contrast, Peru (-2.2%) and Belize (-13.7%) illustrated a downward trend over the same period. Mexico (+10 p.p.), Paraguay (+6.7 p.p.), Chile (+5.9 p.p.), Guatemala (+5.2 p.p.), the Dominican Republic (+4.7 p.p.), Barbados (+2.8 p.p.), Guyana (+2.5 p.p.), Peru (+2.4 p.p.), Cayman Islands (+2 p.p.) and Costa Rica (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Belize saw its share reduced by -2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Paraguay ($X) constitutes the largest market for imported centrifugal clothes-dryers in Latin America and the Caribbean, comprising 33% of total imports. The second position in the ranking was held by Mexico ($X), with a 13% share of total imports. It was followed by Chile, with an 8.5% share.

In Paraguay, centrifugal clothes-dryer imports declined by an average annual rate of -6.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+16.0% per year) and Chile (+9.6% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, stabilizing at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 11%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, 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 Trinidad and Tobago ($X per unit), while Belize ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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