Latin America and the Caribbean: Metal Advertising Sign Market 2021

Metal Advertising Sign Market Size in Latin America and the Caribbean

The Latin American metal advertising sign market surged to $X in 2020, picking up by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Metal Advertising Sign Production in Latin America and the Caribbean

In value terms, metal advertising sign production expanded modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

Chile (X tons) constituted the country with the largest volume of metal advertising sign production, comprising approx. X% of total volume. Moreover, metal advertising sign production in Chile exceeded the figures recorded by the second-largest producer, Brazil (X tons), fourfold. The third position in this ranking was occupied by Guatemala (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Chile totaled -X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Guatemala (+X% per year).

Metal Advertising Sign Exports

Exports in Latin America and the Caribbean

In 2020, shipments abroad of metal advertising signs decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, metal advertising sign exports shrank to $X in 2020. In general, exports, however, recorded a moderate expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Mexico represented the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Brazil (X tons), committing a X% share of total exports. Panama (X tons), Guatemala (X tons) and Argentina (X tons) took a minor share of total exports.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2020. At the same time, Guatemala (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Argentina (-X%) and Panama (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.) and Guatemala (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Argentina (-X p.p.), Brazil (-X p.p.) and Panama (-X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest metal advertising sign supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Panama (-X% per year).

Export Prices by Country

The metal advertising sign export price in Latin America and the Caribbean stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Argentina ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Panama, while the other leaders experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports in Latin America and the Caribbean

In 2020, overseas purchases of metal advertising signs decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a slight curtailment. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, metal advertising sign imports contracted notably to $X in 2020. Overall, imports saw a noticeable increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the key importing country with an import of about X tons, which recorded X% of total imports. Argentina (X tons) ranks second in terms of the total imports with a X% share, followed by Brazil (X%). Peru (X tons), the Dominican Republic (X tons), Paraguay (X tons), Costa Rica (X tons), Colombia (X tons), Guatemala (X tons), Aruba (X tons), El Salvador (X tons), Jamaica (X tons) and Cuba (X tons) took a little share of total imports.

Imports into Mexico decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Aruba (+X%), Peru (+X%), El Salvador (+X%), Argentina (+X%), the Dominican Republic (+X%), Paraguay (+X%), Colombia (+X%) and Jamaica (+X%) displayed positive paces of growth. Moreover, Aruba emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Guatemala (-X%), Costa Rica (-X%), Brazil (-X%) and Cuba (-X%) illustrated a downward trend over the same period. Argentina (+X p.p.), Peru (+X p.p.), Aruba (+X p.p.) and the Dominican Republic (+X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Mexico saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, metal advertising sign imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and Brazil (-X% per year).

Import Prices by Country

The metal advertising sign import price in Latin America and the Caribbean stood at $X per ton in 2020, picking up by X% against the previous year. Import price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, import prices attained the maximum in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per ton), while Cuba ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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