Latin America and the Caribbean: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Latin America and the Caribbean

In 2021, the Latin American lathe for removing metal market decreased by -7.1% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate a pronounced shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Lathes For Removing Metal in Latin America and the Caribbean

In value terms, lathe for removing metal production contracted to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Lathes For Removing Metal

Exports in Latin America and the Caribbean

In 2021, the amount of lathes for removing metal exported in Latin America and the Caribbean dropped to X units, which is down by -12.9% compared with the previous year. Overall, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by 12% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, lathe for removing metal exports reduced to $X in 2021. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 17%. Over the period under review, the lafor removing metal exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was near 68% of total exports in 2021. Mexico (X units) took a 9.5% share (based on physical terms) of total exports, which put it in second place, followed by Trinidad and Tobago (4.6%). El Salvador (X units), Ecuador (X units), Colombia (X units) and Chile (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal exports from Brazil stood at +1.4%. At the same time, Trinidad and Tobago (+43.6%), Ecuador (+27.7%), Chile (+24.1%), El Salvador (+21.5%) and Colombia (+14.6%) displayed positive paces of growth. Moreover, Trinidad and Tobago emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +43.6% from 2012-2021. By contrast, Mexico (-17.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Trinidad and Tobago, El Salvador, Ecuador, Colombia and Chile increased by +31, +4.5, +3.6, +2.9, +2.4 and +2.2 percentage points, respectively.

In value terms, Brazil ($X) remains the largest lathe for removing metal supplier in Latin America and the Caribbean, comprising 78% of total exports. The second position in the ranking was held by Mexico ($X), with a 14% share of total exports. It was followed by El Salvador, with a 3.5% share.

In Brazil, lathe for removing metal exports decreased by an average annual rate of -3.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (-13.5% per year) and El Salvador (+21.5% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price saw a slight reduction. The growth pace was the most rapid in 2018 an increase of 19%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+23.8%), while the other leaders experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports in Latin America and the Caribbean

In 2021, overseas purchases of lathes for removing metal increased by 41% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a abrupt descent. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lathe for removing metal imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X units) was the largest importer of lathes for removing metal, achieving 32% of total imports. Mexico (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Chile (14%), Peru (13%) and Argentina (7.7%). Colombia (X units) and Guyana (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guyana (with a CAGR of +20.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Mexico ($X) constitutes the largest market for imported lathes for removing metal in Latin America and the Caribbean, comprising 51% of total imports. The second position in the ranking was held by Brazil ($X), with a 25% share of total imports. It was followed by Argentina, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value in Mexico totaled -4.1%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-7.0% per year) and Argentina (-4.4% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, dropping by -2.1% against the previous year. Import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lathe for removing metal import price decreased by -23.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 32% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, 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 Mexico ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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