Latin America and the Caribbean: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Latin America and the Caribbean

The Latin American flywheels and pulleys market rose notably to $X in 2021, increasing by 6.8% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Flywheels And Pulleys Production in Latin America and the Caribbean

In value terms, flywheels and pulleys production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of flywheels and pulleys increased by 62% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a pronounced decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico was the largest exporter of flywheels and pulleys in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near 60% of total exports in 2021. It was distantly followed by Brazil (X tons), creating a 31% share of total exports. Argentina (X tons) and Colombia (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +23.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest flywheels and pulleys supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together comprising 96% of total exports. These countries were followed by Colombia, which accounted for a further 0.8%.

Colombia, with a CAGR of +10.8%, saw 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, shrinking by -19.3% against the previous year. Export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flywheels and pulleys export price decreased by -29.9% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 42%. As a result, the export price reached the peak level of $X per ton. From 2017 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 Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Flywheels And Pulleys Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of flywheels and pulleys was finally on the rise to reach X tons after three years of decline. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, flywheels and pulleys imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the main importing country with an import of about X tons, which finished at 60% of total imports. It was distantly followed by Brazil (X tons) and Argentina (X tons), together generating a 30% share of total imports. The following importers - Chile (X tons), Peru (X tons) and Colombia (X tons) - each accounted for a 5.7% share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of flywheels and pulleys. At the same time, Colombia (+8.6%) and Peru (+1.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +8.6% from 2012-2021. Brazil and Argentina experienced a relatively flat trend pattern. By contrast, Chile (-1.1%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported flywheels and pulleys in Latin America and the Caribbean, comprising 57% of total imports. The second position in the ranking was held by Brazil ($X), with a 22% share of total imports. It was followed by Argentina, with a 7.6% share.

In Mexico, flywheels and pulleys imports expanded at an average annual rate of +2.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+0.5% per year) and Argentina (+0.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 6.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :