Latin America and the Caribbean: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Latin America and the Caribbean

The Latin American air or gas liquefier market fell markedly to $X in 2022, reducing by -26% against the previous year. In general, consumption saw a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Machinery for Liquefying Air or Gases in Latin America and the Caribbean

In value terms, air or gas liquefier production fell to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 6,385%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports in Latin America and the Caribbean

In 2022, the amount of machinery for liquefying air or gases exported in Latin America and the Caribbean soared to X units, with an increase of 20% against 2021 figures. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 400% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, air or gas liquefier exports surged to $X in 2022. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 166%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Argentina (X units) represented the largest exporter of machinery for liquefying air or gases, generating 67% of total exports. It was distantly followed by Brazil (X units), committing a 33% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +16.7%).

In value terms, Argentina ($X) emerged as the largest air or gas liquefier supplier in Latin America and the Caribbean, comprising 84% of total exports. The second position in the ranking was held by Brazil ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina amounted to +36.9%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, jumping by 28% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the export price increased by 368%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Argentina ($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 Argentina (+2.9%).

Imports of Machinery for Liquefying Air or Gases

Imports in Latin America and the Caribbean

In 2022, the amount of machinery for liquefying air or gases imported in Latin America and the Caribbean contracted notably to X units, dropping by -55.3% on the year before. Overall, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 789%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, air or gas liquefier imports shrank dramatically to $X in 2022. In general, imports, however, posted perceptible growth. The pace of growth was the most pronounced in 2020 with an increase of 276%. The level of import peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

Ecuador prevails in imports structure, reaching X units, which was approx. 85% of total imports in 2022. It was distantly followed by Mexico (X units), generating a 4.8% share of total imports. Venezuela (X units), Peru (X units) and Paraguay (X units) held a little share of total imports.

Ecuador was also the fastest-growing in terms of the machinery for liquefying air or gases imports, with a CAGR of +27.6% from 2012 to 2022. At the same time, Peru (+19.6%), Mexico (+13.3%) and Paraguay (+6.6%) displayed positive paces of growth. By contrast, Venezuela (-17.0%) illustrated a downward trend over the same period. Ecuador (+66 p.p.) and Paraguay (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Venezuela saw its share reduced by -48.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported machinery for liquefying air or gases in Latin America and the Caribbean, comprising 68% of total imports. The second position in the ranking was held by Ecuador ($X), with a 6.2% share of total imports. It was followed by Peru, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at +12.4%. The remaining importing countries recorded the following average annual rates of imports growth: Ecuador (+7.0% per year) and Peru (-1.0% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, growing by 38% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of 683%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

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 Mexico ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+6.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :