Latin America and the Caribbean: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2025

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Latin America and the Caribbean

The Latin American non-numerically controlled drilling machine market skyrocketed to $X in 2021, increasing by 40% against the previous year. Overall, consumption, however, showed a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Latin America and the Caribbean

In value terms, non-numerically controlled drilling machine production stood at $X in 2021 estimated in export price. Overall, production enjoyed prominent growth. The growth pace was the most rapid in 2016 with an increase of 64%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports in Latin America and the Caribbean

In 2021, approx. X tons of non-numerically controlled drilling machines for working metal were exported in Latin America and the Caribbean; falling by -53.8% compared with the previous year. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 51%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports shrank notably to $X in 2021. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 62%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Brazil (X tons) was the major exporter of non-numerically controlled drilling machines for working metal, constituting 33% of total exports. It was distantly followed by Mexico (X tons), Trinidad and Tobago (X tons), Uruguay (X tons) and Panama (X tons), together making up a 48% share of total exports. The following exporters - Chile (X tons) and Colombia (X tons) - together made up 6.8% of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +49.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest non-numerically controlled drilling machine supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Trinidad and Tobago ($X), together accounting for 70% of total exports. These countries were followed by Uruguay, Panama, Chile and Colombia, which together accounted for a further 23%.

In terms of the main exporting countries, Chile, with a CAGR of +54.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, which is down by -4.9% against the previous year. Export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-numerically controlled drilling machine export price increased by +23.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by 66% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+13.5%), while the other leaders experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports in Latin America and the Caribbean

In 2021, overseas purchases of non-numerically controlled drilling machines for working metal increased by 37% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt slump. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports skyrocketed to $X in 2021. Overall, imports, however, faced a abrupt decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil was the largest importing country with an import of about X tons, which accounted for 33% of total imports. Argentina (X tons) held the second position in the ranking, followed by Peru (X tons), Chile (X tons), Colombia (X tons) and Guatemala (X tons). All these countries together held approx. 52% share of total imports. Mexico (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of -3.1% from 2012 to 2021. At the same time, Guatemala (+21.0%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +21.0% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Chile (-1.3%), Peru (-3.7%), Argentina (-3.8%) and Mexico (-35.4%) illustrated a downward trend over the same period. While the share of Brazil (+21 p.p.), Argentina (+8.7 p.p.), Peru (+8.1 p.p.), Guatemala (+7 p.p.), Chile (+6 p.p.) and Colombia (+5.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mexico (-60.2 p.p.) displayed negative dynamics.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 64% of total imports. Argentina, Colombia, Peru and Guatemala lagged somewhat behind, together comprising a further 25%.

Colombia, with a CAGR of +1.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, rising by 13% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 28%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :