Latin America and the Caribbean: Metal Honing Machine Market 2025

Metal Honing Machine Market Size in Latin America and the Caribbean

The Latin American metal honing machine market fell modestly to $X in 2021, remaining stable against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Metal Honing Machine Production in Latin America and the Caribbean

In value terms, metal honing machine production reduced modestly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 54%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Metal Honing Machine Exports

Exports in Latin America and the Caribbean

In 2021, the amount of honing or lapping machines for working metal exported in Latin America and the Caribbean shrank sharply to X units, waning by -82.4% compared with 2020. Over the period under review, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 3,147% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal honing machine exports dropped remarkably to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 1,749% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, resulting at X units, which was approx. 77% of total exports in 2021. Chile (X units) ranks second in terms of the total exports with a 9.1% share, followed by Mexico (6.1%). The following exporters - Argentina (X units), Bahamas (X units), Colombia (X units) and Grenada (X units) - each amounted to a 6.1% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of honing or lapping machines for working metal. At the same time, Chile (+8.0%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +8.0% from 2012-2021. Bahamas and Grenada experienced a relatively flat trend pattern. By contrast, Mexico (-7.4%), Colombia (-8.3%) and Argentina (-24.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Chile, Bahamas and Colombia increased by +11, +5.3, +1.5 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest metal honing machine supplier in Latin America and the Caribbean, comprising 64% of total exports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total exports. It was followed by Chile, with a 4.5% share.

In Brazil, metal honing machine exports increased at an average annual rate of +3.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+5.2% per year) and Chile (-9.3% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, reducing by -33.3% against the previous year. Over the period under review, the export price, however, showed modest growth. The most prominent rate of growth was recorded in 2019 when the export price increased by 19,242%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+13.6%), while the other leaders experienced more modest paces of growth.

Metal Honing Machine Imports

Imports in Latin America and the Caribbean

Metal honing machine imports dropped significantly to X units in 2021, reducing by -26.9% on 2020 figures. In general, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 560%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, metal honing machine imports reduced remarkably to $X in 2021. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 86%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Bolivia (X units) represented the largest importer of honing or lapping machines for working metal, making up 27% of total imports. Nicaragua (X units) held the second position in the ranking, followed by Venezuela (X units), Brazil (X units), Costa Rica (X units), Guatemala (X units) and Colombia (X units). All these countries together held near 48% share of total imports. Saint Maarten (Dutch part) (X units), Chile (X units), Argentina (X units), Mexico (X units), Paraguay (X units) and Peru (X units) took a relatively small share of total imports.

Imports into Bolivia increased at an average annual rate of +28.4% from 2012 to 2021. At the same time, Saint Maarten (Dutch part) (+200.0%), Nicaragua (+31.0%), Chile (+29.5%), Costa Rica (+22.9%), Guatemala (+15.6%), Peru (+11.5%) and Venezuela (+4.4%) displayed positive paces of growth. Moreover, Saint Maarten (Dutch part) emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +200.0% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Brazil (-5.1%), Paraguay (-20.6%), Argentina (-23.5%) and Mexico (-26.8%) illustrated a downward trend over the same period. While the share of Bolivia (+25 p.p.), Nicaragua (+10 p.p.), Costa Rica (+6 p.p.), Venezuela (+5.5 p.p.), Guatemala (+4.9 p.p.), Saint Maarten (Dutch part) (+3.4 p.p.) and Chile (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Paraguay (-9.4 p.p.), Argentina (-18.9 p.p.) and Mexico (-25.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported honing or lapping machines for working metal in Latin America and the Caribbean, comprising 64% of total imports. The second position in the ranking was taken by Colombia ($X), with a 6.3% share of total imports. It was followed by Chile, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (-4.5% per year) and Chile (+16.1% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, reducing by -30% against the previous year. In general, the import price recorded a deep reduction. The growth pace was the most rapid in 2016 when the import price increased by 1,310%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Venezuela ($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 (+22.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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