Latin America and the Caribbean: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2025

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Latin America and the Caribbean

The Latin American market for machine-tools for working stone, ceramics, and concrete soared to $X in 2022, picking up by 24% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Latin America and the Caribbean

In value terms, machine tools for working stone production rose sharply to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 164% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports in Latin America and the Caribbean

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were exported in Latin America and the Caribbean; increasing by 11% on the previous year's figure. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by 81%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, machine tools for working stone exports skyrocketed to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.9% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil dominates exports structure, resulting at X units, which was near 82% of total exports in 2022. It was distantly followed by El Salvador (X units), mixing up a 5% share of total exports. Mexico (X units), Guatemala (X units) and Chile (X units) held a minor share of total exports.

Exports from Brazil increased at an average annual rate of +18.3% from 2012 to 2022. At the same time, El Salvador (+25.5%), Chile (+12.9%) and Guatemala (+4.2%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +25.5% from 2012-2022. By contrast, Mexico (-12.7%) illustrated a downward trend over the same period. Brazil (+48 p.p.) and El Salvador (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while Guatemala and Mexico saw its share reduced by -1.6% and -28.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest machine tools for working stone supplier in Latin America and the Caribbean, comprising 69% of total exports. The second position in the ranking was taken by Mexico ($X), with an 8.5% share of total exports. It was followed by El Salvador, with a 6.7% share.

In Brazil, machine tools for working stone exports increased at an average annual rate of +13.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (-13.4% per year) and El Salvador (+31.1% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 12% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when the export price increased by 45% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports in Latin America and the Caribbean

In 2022, purchases abroad of machine-tools for working stone, ceramics, and concrete increased by 20% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 115%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine tools for working stone imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 43% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil (X units) and Mexico (X units) represented the key importers of machine-tools for working stone, ceramics, and concrete in 2022, recording approx. 36% and 25% of total imports, respectively. Peru (X units) ranks next in terms of the total imports with a 6.6% share, followed by Colombia (5.3%), Argentina (5.1%) and Guatemala (4.9%). Chile (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +7.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tools for working stone importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), together comprising 76% of total imports.

Argentina, with a CAGR of +9.0%, recorded 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by 12% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 54% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, 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 Argentina ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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