Latin America and the Caribbean: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Latin America and the Caribbean

After four years of growth, the Latin American market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -5.2% to $X in 2021. The total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.8% against 2016 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Latin America and the Caribbean

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps fell to $X in 2021 estimated in export price. Over the period under review, production saw a remarkable increase. The growth pace was the most rapid in 2019 when the production volume increased by 54%. The level of production peaked at $X in 2020, and then shrank in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports in Latin America and the Caribbean

In 2021, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Latin America and the Caribbean soared to X units, jumping by 129% compared with the previous year. Over the period under review, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps soared to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates pumps structure, reaching X units, which was approx. 96% of total exports in 2021. Brazil (X units) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports, with a CAGR of +14.7% from 2012 to 2021. Brazil (-10.1%) illustrated a downward trend over the same period. Mexico (+20 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -18.4% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier in Latin America and the Caribbean, comprising 83% of total exports. The second position in the ranking was held by Brazil ($X), with a 14% share of total exports.

In Mexico, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded at an average annual rate of +9.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, dropping by -43.4% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2013 when the export price increased by 6%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.2%).

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports in Latin America and the Caribbean

In 2021, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Latin America and the Caribbean soared to X units, rising by 26% compared with the previous year. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X units) was the main importer of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, creating 79% of total imports. It was distantly followed by Brazil (X units), achieving a 13% share of total imports. The following importers - Argentina (X units) and Chile (X units) - each resulted at a 5.5% share of total imports.

Mexico was also the fastest-growing in terms of the hydraulic pumps (gear or vane) and other rotary positive displacement pumps imports, with a CAGR of +1.5% from 2012 to 2021. At the same time, Chile (+1.3%) displayed positive paces of growth. Brazil experienced a relatively flat trend pattern. By contrast, Argentina (-6.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico increased by +5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Latin America and the Caribbean, comprising 65% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports. It was followed by Chile, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value in Mexico totaled +1.5%. In the other countries, the average annual rates were as follows: Brazil (+1.0% per year) and Chile (-0.1% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, rising by 7.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 11%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform