Latin America and the Caribbean: Off-Highway Dumper Market 2025

Off-Highway Dumper Market Size in Latin America and the Caribbean

After two years of decline, the Latin American off-highway dumper market increased by 32% to $X in 2021. Overall, consumption, however, faced a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Off-Highway Dumper Production in Latin America and the Caribbean

In value terms, off-highway dumper production rose significantly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Off-Highway Dumper Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of dumpers for off-highway use was finally on the rise to reach X units after three years of decline. Overall, exports, however, showed a mild slump. The most prominent rate of growth was recorded in 2013 when exports increased by 50%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, off-highway dumper exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a pronounced curtailment. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was near 81% of total exports in 2021. It was distantly followed by Chile (X units), achieving a 4.6% share of total exports. Colombia (X units), Mexico (X units), Peru (X units) and Guatemala (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to off-highway dumper exports from Brazil stood at +9.4%. At the same time, Colombia (+51.0%) and Peru (+3.3%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +51.0% from 2012-2021. By contrast, Guatemala (-2.4%), Chile (-17.0%) and Mexico (-25.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Colombia increased by +48 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest off-highway dumper supplier in Latin America and the Caribbean, comprising 85% of total exports. The second position in the ranking was held by Chile ($X), with a 5.7% share of total exports. It was followed by Mexico, with a 2.1% share.

In Brazil, off-highway dumper exports increased at an average annual rate of +5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (-13.7% per year) and Mexico (-27.4% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, with an increase of 4.4% against the previous year. Over the period under review, the export price, however, recorded a mild descent. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Chile (+3.9%), while the other leaders experienced a decline in the export price figures.

Off-Highway Dumper Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of dumpers for off-highway use was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 96%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, off-highway dumper imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 93%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Chile represented the major importing country with an import of around X units, which resulted at 44% of total imports. Peru (X units) ranks second in terms of the total imports with an 18% share, followed by Brazil (13%), Mexico (7.4%) and Guatemala (5.5%). The following importers - Guyana (X units) and Costa Rica (X units) - each recorded a 4.1% share of total imports.

Imports into Chile decreased at an average annual rate of -13.7% from 2012 to 2021. At the same time, Guyana (+26.4%) and Guatemala (+19.6%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +26.4% from 2012-2021. Costa Rica experienced a relatively flat trend pattern. By contrast, Brazil (-2.8%), Peru (-6.7%) and Mexico (-22.0%) illustrated a downward trend over the same period. Brazil (+7.6 p.p.), Peru (+7.4 p.p.), Guatemala (+5.2 p.p.) and Guyana (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Chile and Mexico saw its share reduced by -7.1% and -14.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest off-highway dumper importing markets in Latin America and the Caribbean were Chile ($X), Brazil ($X) and Peru ($X), together accounting for 83% of total imports. These countries were followed by Mexico, Costa Rica, Guyana and Guatemala, which together accounted for a further 9.9%.

Guyana, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, rising by 9.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2014 when the import price increased by 24% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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