Latin America and the Caribbean: Concrete Pump Market 2024

Concrete Pump Market Size in Latin America and the Caribbean

In 2021, the Latin American concrete pump market decreased by -0.8% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption showed a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Concrete Pump Production in Latin America and the Caribbean

In value terms, concrete pump production reduced to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 15%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Concrete Pump Exports

Exports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in overseas shipments of concrete pumps, when their volume increased by 60% to X units. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 97%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete pump exports soared to $X in 2021. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by 85% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X units) and Mexico (X units) prevails in exports structure, together achieving 72% of total exports. It was distantly followed by Colombia (X units) and Guatemala (X units), together committing a 14% share of total exports. Chile (X units) and Panama (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Colombia (with a CAGR of +37.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest concrete pump supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), together comprising 86% of total exports.

Colombia, with a CAGR of +54.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, falling by -10.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 39%. As a result, the export price attained the peak level of $X per unit. From 2015 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 Chile ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+15.8%), while the other leaders experienced more modest paces of growth.

Concrete Pump Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of concrete pumps increased by 9.3% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 47%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, concrete pump imports surged to $X in 2021. Over the period under review, imports, however, recorded a abrupt descent. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X units) and Argentina (X units) were the key importers of concrete pumps in Latin America and the Caribbean, together accounting for near 43% of total imports. Peru (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Suriname (7.4%), Bolivia (5.9%) and Colombia (5.9%). Ecuador (X units), Brazil (X units), Jamaica (X units), the Dominican Republic (X units), Uruguay (X units), Belize (X units) and Guatemala (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 Suriname (with a CAGR of +65.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete pump importing markets in Latin America and the Caribbean were Argentina ($X), Chile ($X) and Peru ($X), together accounting for 55% of total imports. Colombia, Brazil, Ecuador, Bolivia, the Dominican Republic, Jamaica, Uruguay, Guatemala, Belize and Suriname lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Jamaica, with a CAGR of +49.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, jumping by 37% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2014 when the import price increased by 42%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Suriname ($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 (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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