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

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

In 2022, the Latin American non-numerically controlled sharpening machine market increased by 0.4% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

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

In value terms, non-numerically controlled sharpening machine production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 35%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in Latin America and the Caribbean

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were exported in Latin America and the Caribbean; shrinking by -47.9% compared with 2021 figures. Over the period under review, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 220% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports shrank dramatically to $X in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 161%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of non-numerically controlled sharpening machines for working metal in Latin America and the Caribbean, with the volume of exports amounting to X units, which was near 69% of total exports in 2022. It was distantly followed by Ecuador (X units), Peru (X units) and Chile (X units), together mixing up a 24% share of total exports. The following exporters - Mexico (X units) and Panama (X units) - each resulted at a 4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-numerically controlled sharpening machine exports from Brazil stood at +7.5%. At the same time, Ecuador (+55.9%) and Peru (+23.5%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +55.9% from 2012-2022. By contrast, Mexico (-10.3%), Chile (-15.7%) and Panama (-28.0%) illustrated a downward trend over the same period. While the share of Brazil (+42 p.p.), Ecuador (+13 p.p.) and Peru (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (-2.9 p.p.), Chile (-18.2 p.p.) and Panama (-39.1 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest non-numerically controlled sharpening machine supplier in Latin America and the Caribbean, comprising 76% of total exports. The second position in the ranking was held by Ecuador ($X), with a 10% share of total exports. It was followed by Peru, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to -4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (+33.7% per year) and Peru (+9.3% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by 29% against the previous year. In general, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the export price increased by 79%. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+5.3%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in Latin America and the Caribbean

In 2022, purchases abroad of non-numerically controlled sharpening machines for working metal increased by 13% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 76%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, non-numerically controlled sharpening machine imports expanded modestly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Brazil was the key importing country with an import of about X units, which accounted for 44% of total imports. Peru (X units) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (7.4%), Mexico (6.8%), Chile (6.5%) and Bolivia (4.8%). Guatemala (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 61% of total imports. Chile, Argentina, Guatemala and Bolivia lagged somewhat behind, together accounting for a further 24%.

Guatemala, with a CAGR of +4.3%, recorded 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 a decrease of -8.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 40% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while Bolivia ($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 (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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