Latin America and the Caribbean: Ironing Machine Market 2022

Ironing Machine Market Size in Latin America and the Caribbean

The Latin American ironing machine market rose significantly to $X in 2021, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Ironing Machine Production in Latin America and the Caribbean

In value terms, ironing machine production declined significantly to $X in 2021 estimated in export price. In general, production, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X, and then contracted dramatically in the following year.

Ironing Machine Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of ironing machines and presses were finally on the rise to reach X units after three years of decline. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, ironing machine exports declined dramatically to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, the Dominican Republic (X units) represented the largest exporter of ironing machines and presses, making up X% of total exports. Guatemala (X units) ranks second in terms of the total exports with a X% share, followed by Panama (X%), Argentina (X%) and El Salvador (X%). Nicaragua (X units), Bolivia (X units), Chile (X units), Colombia (X units) and Paraguay (X units) followed a long way behind the leaders.

Exports from the Dominican Republic increased at an average annual rate of +X% from 2012 to 2021. At the same time, Nicaragua (+X%), Bolivia (+X%), Chile (+X%), Paraguay (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Guatemala experienced a relatively flat trend pattern. By contrast, Panama (-X%), El Salvador (-X%) and Colombia (-X%) illustrated a downward trend over the same period. The Dominican Republic (+X p.p.), Guatemala (+X p.p.), Argentina (+X p.p.), Nicaragua (+X p.p.), Bolivia (+X p.p.) and Panama (+X p.p.) significantly strengthened its position in terms of the total exports, while El Salvador and Colombia saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ironing machine supplying countries in Latin America and the Caribbean were Argentina ($X), the Dominican Republic ($X) and Panama ($X), with a combined X% share of total exports. Colombia, Guatemala, El Salvador, Chile, Nicaragua, Paraguay and Bolivia lagged somewhat behind, together comprising a further X terms of the main exporting countries, Paraguay, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, waning by -X% against the previous year. Over the period under review, the export price recorded a abrupt setback. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

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

Ironing Machine Imports

Imports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded decline in purchases abroad of ironing machines and presses, which decreased by -X% to X units in 2021. In general, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, ironing machine imports expanded modestly to $X in 2021. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Cuba represented the main importer of ironing machines and presses in Latin America and the Caribbean, with the volume of imports reaching X units, which was approx. X% of total imports in 2021. Nicaragua (X units) ranks second in terms of the total imports with a X% share, followed by the Dominican Republic (X%), Guatemala (X%), Paraguay (X%) and Brazil (X%). El Salvador (X units), Argentina (X units), Honduras (X units), Haiti (X units), Costa Rica (X units), Mexico (X units) and Jamaica (X units) took a relatively small share of total imports.

Cuba was also the fastest-growing in terms of the ironing machines and presses imports, with a CAGR of +X% from 2012 to 2021. At the same time, Nicaragua (+X%), the Dominican Republic (+X%), Paraguay (+X%), Guatemala (+X%), Haiti (+X%), Argentina (+X%) and Mexico (+X%) displayed positive paces of growth. Honduras experienced a relatively flat trend pattern. By contrast, Jamaica (-X%), Costa Rica (-X%), El Salvador (-X%) and Brazil (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cuba, Nicaragua, the Dominican Republic, Guatemala and Paraguay increased by +X, +X, +X, +X and +X percentage points, respectively. El Salvador (-X p.p.) and Brazil (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports. Cuba, the Dominican Republic, El Salvador, Guatemala, Nicaragua, Haiti, Paraguay, Honduras, Costa Rica and Jamaica lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, growing by X% against the previous year. In general, the import price, however, showed a noticeable decrease. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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