Latin America and the Caribbean: Cutting Blade Market 2025

Cutting Blade Market Size in Latin America and the Caribbean

The Latin American cutting blade market expanded rapidly to $X in 2021, with an increase of 13% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Cutting Blade Production in Latin America and the Caribbean

In value terms, cutting blade production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 76%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Cutting Blade Exports

Exports in Latin America and the Caribbean

Cutting blade exports skyrocketed to X tons in 2021, rising by 17% compared with 2020 figures. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.8% against 2012 indices. The growth pace was the most rapid in 2019 when exports increased by 22% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, cutting blade exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the key exporting country with an export of about X tons, which amounted to 55% of total exports. Mexico (X tons) took the second position in the ranking, distantly followed by Colombia (X tons). All these countries together held near 32% share of total exports. Argentina (X tons), Chile (X tons) and Guatemala (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +10.0% from 2012 to 2021. At the same time, Chile (+20.7%), Colombia (+16.3%), Mexico (+11.9%), Argentina (+3.7%) and Guatemala (+1.2%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +20.7% from 2012-2021. While the share of Brazil (+9.8 p.p.), Mexico (+6.8 p.p.), Colombia (+4.6 p.p.) and Chile (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-1.6 p.p.) and Guatemala (-1.8 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest cutting blade supplier in Latin America and the Caribbean, comprising 66% of total exports. The second position in the ranking was held by Brazil ($X), with a 20% share of total exports. It was followed by Colombia, with a 7.4% share.

In Mexico, cutting blade exports increased at an average annual rate of +9.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+3.7% per year) and Colombia (+5.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, rising by 42% against the previous year. Overall, the export price, however, showed a mild shrinkage. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+11.7%), while the other leaders experienced a decline in the export price figures.

Cutting Blade Imports

Imports in Latin America and the Caribbean

In 2021, approx. X tons of knives and cutting blades (for machines or for mechanical appliances) were imported in Latin America and the Caribbean; rising by 34% on 2020 figures. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade imports surged to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the main importing country with an import of around X tons, which resulted at 42% of total imports. Brazil (X tons) took the second position in the ranking, followed by Peru (X tons) and Chile (X tons). All these countries together held approx. 27% share of total imports. The following importers - Bolivia (X tons), Colombia (X tons), Argentina (X tons), Guatemala (X tons), Ecuador (X tons), the Dominican Republic (X tons) and Paraguay (X tons) - together made up 23% of total imports.

From 2012 to 2021, average annual rates of growth with regard to cutting blade imports into Mexico stood at +4.8%. At the same time, the Dominican Republic (+30.0%), Bolivia (+12.8%), Brazil (+9.8%), Guatemala (+9.5%), Paraguay (+8.2%), Peru (+7.6%), Ecuador (+7.3%), Colombia (+5.5%) and Chile (+4.9%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +30.0% from 2012-2021. Argentina experienced a relatively flat trend pattern. From 2012 to 2021, the share of Brazil, Bolivia, the Dominican Republic and Peru increased by +4.8, +2.1, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in Latin America and the Caribbean, comprising 44% of total imports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total imports. It was followed by Chile, with a 9.3% share.

In Mexico, cutting blade imports increased at an average annual rate of +4.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+4.8% per year) and Chile (+3.5% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, waning by -4.3% against the previous year. Overall, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2016 when the import price increased by 2% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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