Latin America and the Caribbean: Hand-Held Blow Pipe Market 2024

Hand-Held Blow Pipe Market Size in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in the Latin American hand-held blow pipe market, when its value increased by 9.5% to $X. Over the period under review, consumption, however, recorded a noticeable reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hand-Held Blow Pipe Production in Latin America and the Caribbean

In value terms, hand-held blow pipe production totaled $X in 2021 estimated in export price. Overall, production, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 8.1%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hand-Held Blow Pipe Exports

Exports in Latin America and the Caribbean

In 2021, approx. X units of hand-held blow pipes for soldering, brazing or welding were exported in Latin America and the Caribbean; growing by 5.9% against the previous year's figure. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, hand-held blow pipe exports declined slightly to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X units) represented roughly 99% of total exports in 2021.

Mexico was also the fastest-growing in terms of the hand-held blow pipes for soldering, brazing or welding exports, with a CAGR of +11.0% from 2012 to 2021. Mexico (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest hand-held blow pipe 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 +6.1%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, with a decrease of -8.8% against the previous year. In general, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by 9.2%. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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.

Hand-Held Blow Pipe Imports

Imports in Latin America and the Caribbean

In 2021, approx. X units of hand-held blow pipes for soldering, brazing or welding were imported in Latin America and the Caribbean; with an increase of 56% against 2020 figures. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand-held blow pipe imports surged to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% 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

The purchases of the three major importers of hand-held blow pipes for soldering, brazing or welding, namely Brazil, Mexico and Chile, represented more than half of total import. It was distantly followed by Colombia (X units) and Argentina (X units), together committing a 14% share of total imports. Ecuador (X units), Costa Rica (X units), Peru (X units), Guatemala (X units), Panama (X units) and El Salvador (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by El Salvador (with a CAGR of +45.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand-held blow pipe importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 70% of total imports. Colombia, Argentina, Peru, Ecuador, Guatemala, Costa Rica, Panama and El Salvador lagged somewhat behind, together comprising a further 23%.

El Salvador, with a CAGR of +43.3%, saw the highest growth rate of the value of imports, among 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 2021, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of 11% against the previous year. In general, the import price, however, showed a noticeable shrinkage. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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