Latin America and the Caribbean: Axial Piston Market 2020

Axial Piston Market Size in Latin America and the Caribbean

The revenue of the axial piston market in Latin America and the Caribbean amounted to $X in 2017, reducing by -X% against the previous year. The axial piston consumption continues to indicate a pronounced drop. The pace of growth was the most pronounced in 2016, with an increase of X% y-o-y. Over the period under review, the axial piston market reached its peak figure level of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Axial Piston Production in Latin America and the Caribbean

In 2017, axial piston production in Latin America and the Caribbean stood at X units, growing by X% against the previous year. The total output indicated a remarkable growth 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. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. The volume of axial piston production peaked of X units in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Axial Piston Exports in Latin America and the Caribbean

In 2017, exports of hydraulic pumps (axial piston) in Latin America and the Caribbean totaled X units, rising by X% against the previous year. The axial piston exports continue to indicate an outstanding growth. The most prominent rate of growth was recorded in 2015, with an increase of X% year-to-year. In that year, the axial piston exports attained their peak volume of X units. From 2016 to 2017, growth of the axial piston exports stood at a somewhat lower level.

In value terms, axial piston exports totaled $X in 2017. The axial piston exports continue to indicate a strong growth. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Axial Piston Exports by Country in Latin America and the Caribbean

Mexico dominates axial piston exports structure, recording X units, which was approx. X% of total exports in 2017. Argentina (X units) took the weak share of total exports.

Mexico was also the fastest growing in terms of the hydraulic pumps (axial piston) exports, with a CAGR of +X% from 2007 to 2017. At the same time, Argentina (+X%) displayed positive paces of growth. From 2007 to 2017, the share of Mexico decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico totaled +X%.

Axial Piston Export Prices by Country in Latin America and the Caribbean

In 2017, the axial piston export price in Latin America and the Caribbean amounted to $X per unit, reducing by -X% against the previous year. The axial piston export price continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2016, when the export prices increased by X% against the previous year. The level of export price peaked of $X per unit in 2010; however, from 2011 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 ($X per unit), while Mexico ($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 Argentina (-X% per year).

Axial Piston Imports in Latin America and the Caribbean

In 2017, approx. X units of hydraulic pumps (axial piston) were imported in Latin America and the Caribbean; growing by X% against the previous year. The axial piston imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2015, when it surged by X% against the previous year. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, axial piston imports totaled $X in 2017. The total imports indicated a strong 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 axial piston imports reached its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Axial Piston Imports by Country in Latin America and the Caribbean

Colombia represented the largest importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Mexico (X units), mixed up X% share of total imports. Brazil (X units) followed a long way behind the leaders.

Colombia was also the fastest growing in terms of the hydraulic pumps (axial piston) imports, with a CAGR of +X% from 2007 to 2017. At the same time, Brazil (+X%) displayed positive paces of growth. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of Mexico (X%) increased significantly in terms of the global imports from 2007-2017, the share of Colombia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports.

Colombia (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Axial Piston Import Prices by Country in Latin America and the Caribbean

In 2017, the axial piston import price in Latin America and the Caribbean amounted to $X per thousand units, falling by -X% against the previous year. The axial piston import price continues to indicate a measured contraction. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. The level of import price peaked of $X per thousand units in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Brazil ($X per unit), while Colombia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform