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Report Latin America and the Caribbean - Lifts and Hoists - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Latin America and the Caribbean - Lifts and Hoists - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Lift And Hoist Market 2024

Lift And Hoist Market Size in Latin America and the Caribbean

In 2022, the Latin American lift and hoist market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Lift And Hoist Production in Latin America and the Caribbean

In value terms, lift and hoist production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of 10% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Lift And Hoist Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of lifts and hoists decreased by -6.6% to X units, falling for the fourth year in a row after two years of growth. In general, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 86% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, lift and hoist exports expanded rapidly to $X in 2022. Overall, exports saw a perceptible contraction. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, recording X units, which was approx. 89% of total exports in 2022. Mexico (X units) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the lifts and hoists exports, with a CAGR of +6.5% from 2012 to 2022. Mexico (-23.5%) illustrated a downward trend over the same period. While the share of Brazil (+52 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (-44.5 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest lift and hoist supplier in Latin America and the Caribbean, comprising 87% of total exports. The second position in the ranking was held by Mexico ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +9.2%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by 22% against the previous year. In general, the export price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2019 when the export price increased by 53%. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.6%).

Lift And Hoist Imports

Imports in Latin America and the Caribbean

In 2022, imports of lifts and hoists in Latin America and the Caribbean rose markedly to X units, picking up by 7% on the year before. Overall, imports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, lift and hoist imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a mild slump. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the six major importers of lifts and hoists, namely Mexico, Chile, Colombia, the Dominican Republic, Brazil and Peru, represented more than two-thirds of total import. Guyana (X units), Guatemala (X units), Ecuador (X units), Bolivia (X units) and Argentina (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guyana (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 48% share of total imports. The Dominican Republic, Peru, Guatemala, Brazil, Argentina, Bolivia, Ecuador and Guyana lagged somewhat behind, together accounting for a further 37%.

In terms of the main importing countries, Guyana, with a CAGR of +18.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by 9.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of lift and hoist consumption was Brazil, comprising approx. 60% of total volume. Moreover, lift and hoist consumption in Brazil exceeded the figures recorded by the second-largest consumer, Argentina, sixfold. The third position in this ranking was occupied by Mexico, with a 7.3% share.
Brazil remains the largest lift and hoist producing country in Latin America and the Caribbean, accounting for 76% of total volume. Moreover, lift and hoist production in Brazil exceeded the figures recorded by the second-largest producer, Argentina, sixfold. Mexico ranked third in terms of total production with a 4.2% share.
In value terms, Brazil remains the largest lift and hoist supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was occupied by Mexico, with a 7.6% share of total exports. It was followed by Argentina, with a 4.3% share.
In value terms, the largest lift and hoist importing markets in Latin America and the Caribbean were Mexico, Colombia and Chile, together accounting for 43% of total imports. These countries were followed by Venezuela, Peru, the Dominican Republic, Guatemala, Cuba, Brazil, Trinidad and Tobago and Panama, which together accounted for a further 38%.
In 2021, the export price in Latin America and the Caribbean amounted to $9,347 per unit, waning by -10.8% against the previous year.
The import price in Latin America and the Caribbean stood at $8,111 per unit in 2021, rising by 8.7% against the previous year.

This report provides an in-depth analysis of the lift and hoist market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28221630 - Electrically operated lifts and skip hoists
  • Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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