Latin America and the Caribbean: Invalid Carriage Market 2024

Invalid Carriage Market Size in Latin America and the Caribbean

The Latin American invalid carriage market surged to $X in 2022, picking up by 16% against the previous year. In general, consumption saw strong growth. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Invalid Carriage Production in Latin America and the Caribbean

In value terms, invalid carriage production totaled $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 46%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Invalid Carriage Exports

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded decline in overseas shipments of invalid carriages not mechanically propelled, which decreased by -78.9% to X units in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 124% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, invalid carriage exports declined significantly to $X in 2022. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 52%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico dominates exports structure, resulting at X units, which was near 93% of total exports in 2022. Brazil (X units) held a little share of total exports.

Exports from Mexico decreased at an average annual rate of -19.5% from 2012 to 2022. At the same time, Brazil (+15.6%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +15.6% from 2012-2022. While the share of Brazil (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (-5.5 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest invalid carriage supplier in Latin America and the Caribbean, comprising 94% of total exports. The second position in the ranking was held by Brazil ($X), with a 3% share of total exports.

In Mexico, invalid carriage exports shrank by an average annual rate of -16.6% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, rising by 15% against the previous year. Over the period under review, the export price continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%).

Invalid Carriage Imports

Imports in Latin America and the Caribbean

In 2022, the amount of invalid carriages not mechanically propelled imported in Latin America and the Caribbean skyrocketed to X units, rising by 18% against 2021 figures. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 99%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, invalid carriage imports surged to $X in 2022. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2021 with an increase of 86%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X units) and Brazil (X units) represented the largest importers of invalid carriages not mechanically propelled in Latin America and the Caribbean, together committing 47% of total imports. It was distantly followed by Chile (X units), Argentina (X units), Colombia (X units) and Peru (X units), together generating a 33% share of total imports. The Dominican Republic (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Dominican Republic (with a CAGR of +27.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest invalid carriage importing markets in Latin America and the Caribbean were Mexico ($X), Argentina ($X) and the Dominican Republic ($X), with a combined 50% share of total imports.

The Dominican Republic, with a CAGR of +47.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, rising by 3.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2016 when the import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+15.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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