Latin America and the Caribbean: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Latin America and the Caribbean

The Latin American wood milling machine market expanded to $X in 2021, picking up by 3.1% against the previous year. In general, consumption showed a pronounced expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Wood Milling Machine Production in Latin America and the Caribbean

In value terms, wood milling machine production shrank dramatically to $X in 2021 estimated in export price. In general, production recorded a perceptible setback. The growth pace was the most rapid in 2020 when the production volume increased by 3,238%. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Wood Milling Machine Exports

Exports in Latin America and the Caribbean

In 2021, the amount of planing, milling or moulding machines exported in Latin America and the Caribbean shrank rapidly to X units, declining by -76.9% compared with the year before. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 400% against the previous year. As a result, the exports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, wood milling machine exports reduced rapidly to $X in 2021. Over the period under review, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 178% against the previous year. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Brazil represented the largest exporter of planing, milling or moulding machines in Latin America and the Caribbean, with the volume of exports accounting for X units, which was approx. 43% of total exports in 2021. Chile (X units) held the second position in the ranking, followed by Mexico (X units) and Costa Rica (X units). All these countries together took near 50% share of total exports. The following exporters - Peru (X units) and Ecuador (X units) - each amounted to a 3.3% share of total exports.

Exports from Brazil decreased at an average annual rate of -14.8% from 2012 to 2021. At the same time, Costa Rica (+28.9%), Chile (+22.2%) and Peru (+1.0%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +28.9% from 2012-2021. By contrast, Ecuador (-8.4%) and Mexico (-22.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile and Costa Rica increased by +19 and +13 percentage points, respectively. 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 2021, with a combined 87% share of total exports. Peru, Costa Rica and Ecuador lagged somewhat behind, together accounting for a further 4.8%.

Among the main exporting countries, Costa Rica, with a CAGR of +0.7%, 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 a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, rising by 88% against the previous year. In general, the export price continues to indicate resilient growth. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per unit), while Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+17.2%), while the other leaders experienced mixed trends in the export price figures.

Wood Milling Machine Imports

Imports in Latin America and the Caribbean

In 2021, the amount of planing, milling or moulding machines imported in Latin America and the Caribbean skyrocketed to X units, jumping by 83% on 2020. Over the period under review, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Chile (X units) and Brazil (X units) were the key importers of planing, milling or moulding machines in Latin America and the Caribbean, together achieving 64% of total imports. Mexico (X units) ranks next in terms of the total imports with a 17% share, followed by Argentina (4.9%). Paraguay (X units), Peru (X units) and El Salvador (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of +17.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2021, together comprising 72% of total imports.

In terms of the main importing countries, Chile, with a CAGR of +12.2%, recorded 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 2021, with a decrease of -21.4% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 38% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the 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 ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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