Latin America and the Caribbean: Gasket Market 2020

Gasket Market Size in Latin America and the Caribbean

The revenue of the gasket market in Latin America and the Caribbean amounted to $X in 2017, dropping by -X% against the previous year. The total market indicated a significant growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016, when market value increased by X% year-to-year. In that year, the gasket market attained their peak level of $X, and then declined slightly in the following year.

Gasket Production in Latin America and the Caribbean

In 2017, the amount of gaskets and similar joints of metal sheeting produced in Latin America and the Caribbean amounted to X units, remaining constant against the previous year. The gasket production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when the output figure increased by X% against the previous year. The volume of gasket production peaked of X units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Gasket Exports in Latin America and the Caribbean

In 2017, the amount of gaskets and similar joints of metal sheeting exported in Latin America and the Caribbean stood at X units, going up by X% against the previous year. The gasket exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when exports increased by X% against the previous year. Over the period under review, the gasket exports reached its peak figure volume of X units in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, gasket exports totaled $X in 2017. The total exports indicated a moderate growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the gasket exports reached its peak figure level in 2017, and are likely to see steady growth in the immediate term.

Gasket Exports by Country in Latin America and the Caribbean

Mexico dominates gasket exports structure, resulting at X units, which was near X% of total exports in 2017. Brazil (X units) took the second position in the ranking, followed by Argentina (X units) and Peru (X units). All these countries together took approx. X% share of total exports. Colombia (X units) held the minor share of total exports.

Mexico experienced a relatively flat trend pattern of gaskets and similar joints of metal sheeting exports. At the same time, Peru (+X%), Colombia (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Brazil increased by X% percentage points, while Peru (-X%) and Mexico (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest gasket supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Argentina (+X% per year).

Gasket Export Prices by Country in Latin America and the Caribbean

In 2017, the gasket export price in Latin America and the Caribbean amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016, when it surged by X% against the previous year. Over the period under review, the export prices for gaskets and similar joints of metal sheeting reached its peak figure level in 2017, and is likely to continue its growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Gasket Imports in Latin America and the Caribbean

In 2017, the amount of gaskets and similar joints of metal sheeting imported in Latin America and the Caribbean totaled X units, remaining constant against the previous year. The total imports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket imports decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. The volume of imports peaked of X units in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, gasket imports stood at $X in 2017. The total imports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket imports decreased by -X% against 2014 indices. Over the period under review, the gasket imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Gasket Imports by Country in Latin America and the Caribbean

Mexico prevails in gasket imports structure, reaching X units, which was near X% of total imports in 2017. It was distantly followed by Brazil (X units) and Argentina (X units), together comprising X% share of total imports. Chile (X units), Colombia (X units), Venezuela (X units) and Ecuador (X units) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, Colombia (+X%), Brazil (+X%), Ecuador (+X%), Chile (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Venezuela experienced a relatively flat trend pattern. While the share of Colombia (-X%), Brazil (-X%) and Mexico (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported gaskets and similar joints of metal sheeting in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Chile, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Chile (+X% per year).

Gasket Import Prices by Country in Latin America and the Caribbean

In 2017, the gasket import price in Latin America and the Caribbean amounted to $X per unit, lowering by -X% against the previous year. The gasket import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013, when the import prices increased by X% year-to-year. In that year, the import prices for gaskets and similar joints of metal sheeting reached their peak level of $X per unit. From 2014 to 2017, growth of the import prices for gaskets and similar joints of metal sheeting stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Brazil ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Colombia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform