Latin America and the Caribbean: Hydraulic System Market 2020

Hydraulic System Market Size in Latin America and the Caribbean

The revenue of the hydraulic system market in Latin America and the Caribbean amounted to $X in 2017, declining by -X% against the previous year. The hydraulic system consumption continues to indicate a slight increase. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. The level of hydraulic system consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Hydraulic System Production in Latin America and the Caribbean

The hydraulic system production amounted to X units in 2017, remaining constant against the previous year. The hydraulic system production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, with an increase of X% year-to-year. Over the period under review, the hydraulic system production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Hydraulic System Exports in Latin America and the Caribbean

In 2017, the amount of hydraulic systems (power packs without actuators) exported in Latin America and the Caribbean amounted to X units, increasing by X% against the previous year. The hydraulic system exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. The volume of exports peaked of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, hydraulic system exports totaled $X in 2017. The hydraulic system exports continue to indicate a relatively flat trend pattern. Over the period under review, the hydraulic system exports attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Hydraulic System Exports by Country in Latin America and the Caribbean

In 2017, Mexico (X units), distantly followed by Brazil (X units), Peru (X units), Chile (X units), Colombia (X units) and Argentina (X units) represented the largest exporters of hydraulic systems (power packs without actuators), together committing X% of total exports. Ecuador (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest hydraulic system supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Colombia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico totaled -X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Colombia (+X% per year).

Hydraulic System Export Prices by Country in Latin America and the Caribbean

The hydraulic system export price in Latin America and the Caribbean stood at $X thousand per unit in 2017, waning by -X% against the previous year. The hydraulic system export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when the export prices increased by X% y-o-y. Over the period under review, the export prices for hydraulic systems (power packs without actuators) attained its peak figure level of $X thousand per unit in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Argentina ($X thousand per unit), while Peru ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

Hydraulic System Imports in Latin America and the Caribbean

In 2017, the amount of hydraulic systems (power packs without actuators) imported in Latin America and the Caribbean stood at X units, lowering by -X% against the previous year. The hydraulic system imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when imports increased by X% y-o-y. The volume of imports peaked of X units in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, hydraulic system imports stood at $X in 2017. The total imports indicated a prominent increase from 2007 to 2017: its value decreased 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 hydraulic system imports decreased by -X% against 2014 indices. Over the period under review, the hydraulic system imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Hydraulic System Imports by Country in Latin America and the Caribbean

Brazil was the largest importing country with an import of around X units, which accounted for X% of total imports. Mexico (X units) ranks second in terms of the global imports with a X% share, followed by Argentina (X%) and Chile (X%). The following importers - Colombia (X units), Ecuador (X units) and Peru (X units) together made up X% of total imports.

Brazil experienced a relatively flat trend pattern of hydraulic systems (power packs without actuators) imports. At the same time, Peru (+X%), Ecuador (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Chile experienced a relatively flat trend pattern. By contrast, Colombia (-X%) and Mexico (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Mexico increased by X% percentage points, while Brazil (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Ecuador ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

Ecuador (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Hydraulic System Import Prices by Country in Latin America and the Caribbean

In 2017, the hydraulic system import price in Latin America and the Caribbean amounted to $X per unit, going up by X% against the previous year. The import price indicated a remarkable expansion 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 hydraulic system import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. The level of import price peaked in 2017, and is expected to retain its growth in the immediate term.

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

Source: IndexBox Platform