Latin America and the Caribbean: Escalator Market 2025

Escalator Market Size in Latin America and the Caribbean

The Latin American escalator market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Escalator Production in Latin America and the Caribbean

In value terms, escalator production expanded to $X in 2022 estimated in export price. In general, production, however, saw a noticeable reduction. The growth pace was the most rapid in 2014 with an increase of 32% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Escalator Exports

Exports in Latin America and the Caribbean

In 2022, the amount of escalators and moving WalkWays exported in Latin America and the Caribbean fell remarkably to X units, reducing by -17.7% compared with 2021 figures. Over the period under review, exports showed a mild contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 113% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, escalator exports shrank to $X in 2022. In general, exports, however, saw a slight increase. The pace of growth was the most pronounced in 2015 when exports increased by 195%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Panama (X units) represented the key exporter of escalators and moving WalkWays, making up 48% of total exports. Chile (X units) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (6.3%), the Dominican Republic (5.1%) and Honduras (5.1%). The following exporters - Guatemala (X units) and Nicaragua (X units) - each accounted for a 7.6% share of total exports.

Panama experienced a relatively flat trend pattern with regard to volume of exports of escalators and moving WalkWays. At the same time, Chile (+23.0%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +23.0% from 2012-2022. Guatemala, Nicaragua and Honduras experienced a relatively flat trend pattern. By contrast, Brazil (-5.7%) and the Dominican Republic (-7.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Honduras, Panama, Guatemala and Nicaragua increased by +22, +5.1, +4.9, +3.8 and +3.8 percentage points, respectively.

In value terms, Panama ($X) remains the largest escalator supplier in Latin America and the Caribbean, comprising 74% of total exports. The second position in the ranking was held by Chile ($X), with an 18% share of total exports. It was followed by Guatemala, with a 3.3% share.

In Panama, escalator exports expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+33.2% per year) and Guatemala (+20.1% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, rising by 9.6% against the previous year. Overall, the export price posted a noticeable increase. The pace of growth was the most pronounced in 2020 when the export price increased by 173% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Panama ($X per unit), while Honduras ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Escalator Imports

Imports in Latin America and the Caribbean

After two years of decline, supplies from abroad of escalators and moving WalkWays increased by 20% to X units in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 95%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, escalator imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a pronounced setback. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Paraguay (X units), Chile (X units), Brazil (X units) and Mexico (X units) represented roughly 79% of total imports in 2022. Colombia (X units), the Dominican Republic (X units), Peru (X units), Venezuela (X units) and Guatemala (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, together comprising 75% of total imports. Colombia, Peru, the Dominican Republic, Venezuela, Paraguay and Guatemala lagged somewhat behind, together comprising a further 16%.

The Dominican Republic, with a CAGR of +3.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by 13% against the previous year. Overall, the import price saw slight growth. The growth pace was the most rapid in 2018 an increase of 71%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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