Latin America and the Caribbean: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Latin America and the Caribbean

The Latin American overhead travelling crane market amounted to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a slight contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Overhead Travelling Crane Production in Latin America and the Caribbean

In value terms, overhead travelling crane production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Overhead Travelling Crane Exports

Exports in Latin America and the Caribbean

Overhead travelling crane exports dropped significantly to X units in 2022, waning by -61.7% against 2021 figures. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 187%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, overhead travelling crane exports reduced sharply to $X in 2022. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 444% 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) represented the key exporter of overhead travelling cranes on fixed support, committing 54% of total exports. It was distantly followed by Mexico (X units), Colombia (X units) and Chile (X units), together comprising a 37% share of total exports. The following exporters - Argentina (X units), Honduras (X units) and Trinidad and Tobago (X units) - each amounted to a 9.2% share of total exports.

Exports from Brazil increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Trinidad and Tobago (+11.6%) and Colombia (+7.2%) displayed positive paces of growth. Moreover, Trinidad and Tobago emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +11.6% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Mexico (-7.9%), Honduras (-21.4%) and Argentina (-21.6%) illustrated a downward trend over the same period. While the share of Brazil (+30 p.p.), Colombia (+5 p.p.), Honduras (+3.1 p.p.) and Trinidad and Tobago (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (-16.6 p.p.) and Argentina (-23.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) were the countries with the highest levels of exports in 2022, with a combined 84% share of total exports. Argentina, Colombia, Trinidad and Tobago and Honduras lagged somewhat behind, together comprising a further 8.5%.

Among the main exporting countries, Honduras, with a CAGR of +23.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, which is down by -10.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the export price increased by 89% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+26.4%), while the other leaders experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports in Latin America and the Caribbean

In 2022, the amount of overhead travelling cranes on fixed support imported in Latin America and the Caribbean expanded rapidly to X units, growing by 14% against the previous year. In general, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 95% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, overhead travelling crane imports totaled $X in 2022. Over the period under review, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 26%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X units) represented the main importer of overhead travelling cranes on fixed support, creating 35% of total imports. Brazil (X units) took the second position in the ranking, followed by Colombia (X units), El Salvador (X units) and Aruba (X units). All these countries together held approx. 40% share of total imports. Peru (X units), Bolivia (X units), Chile (X units), Argentina (X units), Paraguay (X units) and Costa Rica (X units) followed a long way behind the leaders.

Imports into Mexico decreased at an average annual rate of -4.8% from 2012 to 2022. At the same time, Colombia (+23.1%), El Salvador (+21.4%), Paraguay (+19.6%) and Bolivia (+13.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +23.1% from 2012-2022. Chile and Costa Rica experienced a relatively flat trend pattern. By contrast, Argentina (-3.2%), Brazil (-6.0%), Aruba (-9.9%) and Peru (-12.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, El Salvador, Bolivia and Paraguay increased by +11, +6.8, +2.3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest overhead travelling crane importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Peru ($X), together accounting for 55% of total imports. Colombia, Bolivia, Paraguay, Argentina, Chile, Costa Rica, El Salvador and Aruba lagged somewhat behind, together comprising a further 29%.

In terms of the main importing countries, Bolivia, with a CAGR of +22.4%, saw the highest growth rate of the value of imports, 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, falling by -12.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by 67% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per unit), while Aruba ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :