Latin America and the Caribbean: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Latin America and the Caribbean

The Latin American non-hydraulic press market amounted to $X in 2021, increasing by 5.1% against the previous year. Overall, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Hydraulic Press Production in Latin America and the Caribbean

In value terms, non-hydraulic press production declined modestly to $X in 2021 estimated in export price. In general, production saw a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 48%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Hydraulic Press Exports

Exports in Latin America and the Caribbean

In 2021, approx. X units of non-hydraulic presses for working metal were exported in Latin America and the Caribbean; waning by -45.3% on the previous year's figure. Overall, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 41% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-hydraulic press exports shrank sharply to $X in 2021. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by 64%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico represented the major exporting country with an export of about X units, which recorded 62% of total exports. Brazil (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Peru (5.6%). Ecuador (X units), Colombia (X units), Argentina (X units), Costa Rica (X units) and El Salvador (X units) took a little share of total exports.

Exports from Mexico decreased at an average annual rate of -24.3% from 2012 to 2021. At the same time, Ecuador (+31.5%), Peru (+21.6%), Colombia (+7.0%) and Costa Rica (+1.3%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +31.5% from 2012-2021. El Salvador experienced a relatively flat trend pattern. By contrast, Brazil (-6.2%) and Argentina (-15.2%) illustrated a downward trend over the same period. Brazil (+8.4 p.p.), Peru (+5.4 p.p.), Ecuador (+4 p.p.), Colombia (+3.7 p.p.), Costa Rica (+2.1 p.p.), El Salvador (+1.7 p.p.) and Argentina (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by -29.5% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest non-hydraulic press supplier in Latin America and the Caribbean, comprising 55% of total exports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total exports. It was followed by Peru, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to -7.9%. In the other countries, the average annual rates were as follows: Brazil (+0.9% per year) and Peru (+56.9% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, growing by 51% against the previous year. In general, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 56%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+28.7%), while the other leaders experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports in Latin America and the Caribbean

Non-hydraulic press imports reduced to X units in 2021, approximately reflecting 2020 figures. Total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -33.1% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 40% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, non-hydraulic press imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Antigua and Barbuda (X units) and Mexico (X units) represented the main importers of non-hydraulic presses for working metal in Latin America and the Caribbean, together committing 62% of total imports. Chile (X units) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Peru (6.6%) and Venezuela (5.6%). The following importers - Brazil (X units) and Ecuador (X units) - each finished at a 6.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Antigua and Barbuda (with a CAGR of +74.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported non-hydraulic presses for working metal in Latin America and the Caribbean, comprising 55% of total imports. The second position in the ranking was held by Mexico ($X), with a 25% share of total imports. It was followed by Chile, with a 3.8% share.

In Brazil, non-hydraulic press imports expanded at an average annual rate of +2.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (-0.6% per year) and Chile (+0.0% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, with an increase of 31% against the previous year. In general, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the import price increased by 34%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+25.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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