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

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

The Latin American numerically controlled sharpening machine market rose remarkably to $X in 2022, with an increase of 7.4% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, numerically controlled sharpening machine production shrank modestly to $X in 2022 estimated in export price. In general, production recorded a mild expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded decline in overseas shipments of numerically controlled sharpening machines for working metal, which decreased by -63.6% to X units in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 306% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine exports shrank sharply to $X in 2022. In general, exports saw a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 609% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X units) was the major exporter of numerically controlled sharpening machines for working metal, mixing up 75% of total exports. It was distantly followed by Guatemala (X units), mixing up a 25% share of total exports.

Exports from Brazil decreased at an average annual rate of -14.9% from 2012 to 2022. Guatemala experienced a relatively flat trend pattern. Guatemala (+25 p.p.) and Brazil (+15 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest numerically controlled sharpening machine supplier in Latin America and the Caribbean, comprising 71% of total exports. The second position in the ranking was held by Guatemala ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled -14.4%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, jumping by 78% against the previous year. Overall, the export price, however, recorded a perceptible descent. The growth pace was the most rapid in 2016 when the export price increased by 356% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.5%).

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in Latin America and the Caribbean

Numerically controlled sharpening machine imports skyrocketed to X units in 2022, jumping by 33% on the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 259% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports soared to $X in 2022. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil was the largest importer of numerically controlled sharpening machines for working metal in Latin America and the Caribbean, with the volume of imports recording X units, which was near 38% of total imports in 2022. Peru (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Bolivia (8.8%), Chile (8.8%), Costa Rica (6.3%) and Argentina (4.7%). Mexico (X units), the Dominican Republic (X units), Ecuador (X units), Guatemala (X units) and Colombia (X units) took a minor share of total imports.

Imports into Brazil increased at an average annual rate of +6.6% from 2012 to 2022. At the same time, Bolivia (+26.8%), Costa Rica (+22.7%), the Dominican Republic (+20.9%), Ecuador (+13.7%), Guatemala (+10.4%), Peru (+8.2%) and Colombia (+2.5%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +26.8% from 2012-2022. By contrast, Chile (-2.1%), Argentina (-2.6%) and Mexico (-20.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Bolivia, Peru, Costa Rica, the Dominican Republic, Ecuador and Guatemala increased by +20, +8, +7.6, +5.6, +3.5, +2.7 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported numerically controlled sharpening machines for working metal in Latin America and the Caribbean, comprising 77% of total imports. The second position in the ranking was taken by Mexico ($X), with a 6.4% share of total imports. It was followed by Argentina, with a 5.5% share.

In Brazil, numerically controlled sharpening machine imports contracted by an average annual rate of -3.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-22.4% per year) and Argentina (-11.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, remaining constant against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 277% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+56.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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