Latin America and the Caribbean: Harrow Market 2020

Harrow Market Size in Latin America and the Caribbean

The revenue of the harrow market in Latin America and the Caribbean amounted to $X in 2017, picking up by X% against the previous year. The harrow consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011, when market value increased by X% year-to-year. The level of harrow consumption peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Harrow Production in Latin America and the Caribbean

The harrow production amounted to X units in 2017, dropping by -X% against the previous year. The harrow production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016, with an increase of X% y-o-y. In that year, the harrow production reached their peak volume of X units, and then declined slightly in the following year.

Harrow Exports in Latin America and the Caribbean

In 2017, the amount of harrows (excluding disc harrows) exported in Latin America and the Caribbean totaled X units, going down by -X% against the previous year. The harrow exports continue to indicate an abrupt setback. The pace of growth appeared the most rapid in 2015, when exports increased by X% y-o-y. The volume of exports peaked of X units in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

In value terms, harrow exports totaled $X in 2017. The harrow exports continue to indicate an abrupt deduction. In that year, the harrow exports attained their peak level of $X. From 2009 to 2017, growth of the harrow exports stood at a somewhat lower level.

Harrow Exports by Country in Latin America and the Caribbean

Mexico was the main exporting country with an export of around X units, which recorded X% of total exports. Colombia (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Brazil (X%). Argentina (X units) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to harrow exports from Mexico stood at -X%. At the same time, Colombia (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Brazil (-X%) and Argentina (-X%) illustrated a downward trend over the same period. While the share of Mexico (X%), Argentina (X%) and Brazil (X%) increased significantly in terms of the global exports from 2007-2017, the share of Colombia (-X%) displayed negative dynamics.

In value terms, the largest harrow markets worldwide were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined X% share of total exports. These countries were followed by Colombia, which accounted for a further X%.

Colombia (+X% per year) experienced the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced mixed trends in the exports figures.

Harrow Export Prices by Country in Latin America and the Caribbean

The harrow export price in Latin America and the Caribbean stood at $X per unit in 2017, going up by X% against the previous year. The harrow export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2011, when the export prices increased by X% y-o-y. The level of export price peaked of $X thousand per unit in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Argentina ($X thousand per unit), while Colombia ($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 Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Harrow Imports in Latin America and the Caribbean

In 2017, harrow imports in Latin America and the Caribbean amounted to X units, growing by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. The volume of imports peaked of X units in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, harrow imports totaled $X in 2017. The total imports indicated a prominent increase 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 harrow imports decreased by -X% against 2014 indices. Over the period under review, the harrow imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Harrow Import Prices by Country in Latin America and the Caribbean

In 2017, the harrow import price in Latin America and the Caribbean amounted to $X thousand per unit, reducing by -X% against the previous year. The import price indicated a modest increase from 2007 to 2017: its price 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 harrow import price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2012, when the import prices increased by X% against the previous year. In that year, the import prices for harrows (excluding disc harrows) attained their peak level of $X thousand per unit. From 2013 to 2017, growth of the import prices for harrows (excluding disc harrows) failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Uruguay ($X thousand per unit), while El Salvador ($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 Uruguay (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform