Latin America and the Caribbean: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Latin America and the Caribbean

The Latin American market for mechanical appliances for projecting, dispersing or spraying reduced to $X in 2022, waning by -9% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Latin America and the Caribbean

In value terms, production of mechanical appliances for projecting, dispersing or spraying dropped to $X in 2022 estimated in export price. In general, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 109%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Latin America and the Caribbean

In 2022, the amount of mechanical appliances for projecting, dispersing or spraying exported in Latin America and the Caribbean reached X units, approximately mirroring the previous year's figure. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 23% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying fell to $X in 2022. The total export value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 29% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Mexico (X units) represented the key exporter of mechanical appliances for projecting, dispersing or spraying, mixing up 67% of total exports. Brazil (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (9.8%). Chile (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mechanical appliances for projecting, dispersing or spraying exports from Mexico stood at +4.4%. At the same time, Chile (+21.3%) and Brazil (+9.2%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +21.3% from 2012-2022. By contrast, Argentina (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Brazil and Chile increased by +14, +6.6 and +3.2 percentage points, respectively.

In value terms, Mexico ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in Latin America and the Caribbean, comprising 71% of total exports. The second position in the ranking was held by Brazil ($X), with a 17% share of total exports. It was followed by Argentina, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to +5.2%. In the other countries, the average annual rates were as follows: Brazil (+10.4% per year) and Argentina (-10.2% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, waning by -11.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 when the export price increased by 19% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.1%), while the other leaders experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in supplies from abroad of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by -9.1% to X units. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying stood at $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 37%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Mexico (X units) and Brazil (X units) were the key importers of mechanical appliances for projecting, dispersing or spraying in 2022, amounting to near 30% and 25% of total imports, respectively. Argentina (X units) ranks next in terms of the total imports with a 10% share, followed by Colombia (9.1%). Ecuador (X units), Peru (X units), Chile (X units), Costa Rica (X units) and Guatemala (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, with a combined 77% share of total imports. Colombia, Chile, Peru, Ecuador, Costa Rica and Guatemala lagged somewhat behind, together comprising a further 16%.

Ecuador, with a CAGR of +7.4%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 16% against the previous year. Over the period under review, the import price, however, showed a slight decline. The growth pace was the most rapid in 2015 an increase of 17% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Mexico ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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