Latin America and the Caribbean: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in Latin America and the Caribbean

In 2021, the Latin American electric heating resistor market decreased by -21.3% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Heating Resistor Production in Latin America and the Caribbean

In value terms, electric heating resistor production dropped to $X in 2021 estimated in export price. Over the period under review, production enjoyed a notable expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 73%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports in Latin America and the Caribbean

Electric heating resistor exports surged to X units in 2021, jumping by 242% compared with the previous year. Over the period under review, exports enjoyed a measured increase. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric heating resistor exports expanded markedly to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.2% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

In 2021, Mexico (X units) was the main exporter of electric heating resistors in Latin America and the Caribbean, creating 99% of total export.

Mexico was also the fastest-growing in terms of the electric heating resistors exports, with a CAGR of +3.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest electric heating resistor supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at +8.4%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, shrinking by -66.8% against the previous year. Overall, the export price, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by 347% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2020, and then fell dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to +4.4% per year.

Electric Heating Resistor Imports

Imports in Latin America and the Caribbean

After two years of decline, overseas purchases of electric heating resistors increased by 24% to X units in 2021. Overall, imports, however, saw a noticeable decrease. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating resistor imports soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X units) was the largest importer of electric heating resistors, making up 69% of total imports. It was distantly followed by Argentina (X units) and Brazil (X units), together committing a 20% share of total imports. Colombia (X units) followed a long way behind the leaders.

Imports into Mexico decreased at an average annual rate of -5.7% from 2012 to 2021. At the same time, Colombia (+9.7%) and Argentina (+5.0%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +9.7% from 2012-2021. Brazil experienced a relatively flat trend pattern. Argentina (+6.6 p.p.), Brazil (+2.7 p.p.) and Colombia (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by -12.8% from 2012 to 2021, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported electric heating resistors in Latin America and the Caribbean, comprising 79% of total imports. The second position in the ranking was taken by Brazil ($X), with a 6.1% share of total imports. It was followed by Argentina, with a 5.8% share.

In Mexico, electric heating resistor imports increased at an average annual rate of +8.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+2.5% per year) and Argentina (+3.3% 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. Import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +11.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric heating resistor import price increased by +156.0% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 120%. Over the period under review, import prices reached the maximum at $X per unit in 2020, and then shrank slightly in the following year.

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 Mexico ($X per unit), while Argentina ($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 (+15.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :