Latin America and the Caribbean: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Latin America and the Caribbean

In 2020, after two years of growth, there was significant decline in the Latin American market for electric generating sets and rotary converters, when its value decreased by -X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2011 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Electric Generating Sets And Rotary Converters in Latin America and the Caribbean

In value terms, production of electric generating sets and rotary converters soared to $X in 2020 estimated in export prices. The total production indicated perceptible growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of production of electric generating sets and rotary converters in 2020 were Brazil (X units), Mexico (X units) and the Dominican Republic (X units), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of production of electric generating sets and rotary converters, amongst the main producing countries, was attained by the Dominican Republic, while production of electric generating sets and rotary converters for the other leaders experienced mixed trends in the production figures.

Exports of Electric Generating Sets And Rotary Converters

Exports in Latin America and the Caribbean

Exports of electric generating sets and rotary converters skyrocketed to X units in 2020, jumping by X% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of X units. from 2019 to 2020, the growth of exports remained at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters soared to $X in 2020. In general, exports enjoyed a prominent increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the key exporter of electric generating sets and rotary converters in Latin America and the Caribbean, with the volume of exports finishing at X units, which was approx. X% of total exports in 2020. Mexico (X units) ranks second in terms of the total exports with a X% share, followed by Colombia (X%) and the Dominican Republic (X%). Peru (X units) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Colombia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest electric generating set and rotary converter supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

In Brazil, exports of electric generating sets and rotary converters expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Peru (+X% per year) and Mexico (-X% per year).

Export Prices by Country

The export price for electric generating sets and rotary converters in Latin America and the Caribbean stood at $X per unit in 2020, rising by X% against the previous year. Over the period under review, the export price posted a prominent increase. The growth pace was the most rapid in 2019 when the export price increased by X% y-o-y. Over the period under review, export prices reached the maximum in 2020 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Dominican Republic, while the other leaders experienced mixed trends in the export price figures.

Imports of Electric Generating Sets And Rotary Converters

Imports in Latin America and the Caribbean

After two years of growth, overseas purchases of electric generating sets and rotary converters decreased by -X% to X units in 2020. Overall, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters fell to $X in 2020. Over the period under review, imports recorded a mild descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

Chile was the major importing country with an import of around X units, which resulted at X% of total imports. Brazil (X units) took the second position in the ranking, followed by Argentina (X units), Mexico (X units), Bolivia (X units) and Honduras (X units). All these countries together occupied approx. X% share of total imports. Peru (X units) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to electric generating set and rotary converter imports into Chile stood at -X%. At the same time, Honduras (+X%), Bolivia (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Argentina (-X%), Mexico (-X%) and Peru (-X%) illustrated a downward trend over the same period. Bolivia (+X p.p.), Brazil (+X p.p.) and Honduras (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported electric generating sets and rotary converters in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Chile, imports of electric generating sets and rotary converters shrank by an average annual rate of -X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Brazil (-X% per year).

Import Prices by Country

The import price for electric generating sets and rotary converters in Latin America and the Caribbean stood at $X per unit in 2020, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Mexico ($X per unit), while Honduras ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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