Latin America and the Caribbean: Manostat Market 2025

Manostat Market Size in Latin America and the Caribbean

After two years of growth, the Latin American manostat market decreased by -14.8% to $X in 2022. Over the period under review, consumption showed a mild contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Manostat Production in Latin America and the Caribbean

In value terms, manostat production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a mild decrease. The pace of growth appeared the most rapid in 2016 with an increase of 11%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Manostat Exports

Exports in Latin America and the Caribbean

After four years of decline, overseas shipments of manostats increased by 166% to X units in 2022. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, manostat exports soared to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +60.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of manostats, namely Mexico, represented more than two-thirds of total export.

Mexico was also the fastest-growing in terms of the manostats exports, with a CAGR of +11.0% from 2012 to 2022. While the share of Mexico (+19 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest manostat supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at +3.4%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, dropping by -40.7% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 11%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to -6.8% per year.

Manostat Imports

Imports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in supplies from abroad of manostats, when their volume decreased by -9.8% to X units. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.4% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, manostat imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 30%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) represented the largest importer of manostats, mixing up 52% of total imports. Brazil (X units) held the second position in the ranking, distantly followed by Argentina (X units) and Colombia (X units). All these countries together took approx. 40% share of total imports. Chile (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to manostat imports into Mexico stood at +3.0%. At the same time, Colombia (+31.8%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +31.8% from 2012-2022. By contrast, Argentina (-1.2%), Brazil (-1.4%) and Chile (-2.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico and Colombia increased by +8.5 and +5.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported manostats in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was taken by Brazil ($X), with a 23% share of total imports. It was followed by Argentina, with a 6.9% share.

In Mexico, manostat imports expanded at an average annual rate of +7.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (-0.4% per year) and Argentina (-1.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, growing by 20% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 68% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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