Latin America and the Caribbean: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Latin America and the Caribbean

The Latin American pneumatic elevator market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, recorded a strong increase. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Pneumatic Elevator Production in Latin America and the Caribbean

In value terms, pneumatic elevator production declined to $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 83% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Pneumatic Elevator Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of pneumatic elevators and conveyors were exported in Latin America and the Caribbean; with an increase of 187% compared with 2021 figures. In general, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 2,638%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, pneumatic elevator exports surged to $X in 2022. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 114% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Brazil dominates exports structure, accounting for X units, which was approx. 92% of total exports in 2022. Colombia (X units) took a little share of total exports.

Brazil was also the fastest-growing in terms of the pneumatic elevators and conveyors exports, with a CAGR of +25.6% from 2012 to 2022. At the same time, Colombia (+5.2%) displayed positive paces of growth. While the share of Brazil (+54 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (-6.3 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest pneumatic elevator supplier in Latin America and the Caribbean, comprising 86% of total exports. The second position in the ranking was held by Colombia ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to +22.2%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, which is down by -43.9% against the previous year. In general, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 956% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a 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 Colombia ($X per unit), while Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-2.1%).

Pneumatic Elevator Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of pneumatic elevators and conveyors were imported in Latin America and the Caribbean; with an increase of 4.6% against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 107%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pneumatic elevator imports soared to $X in 2022. Over the period under review, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Brazil was the key importer of pneumatic elevators and conveyors in Latin America and the Caribbean, with the volume of imports amounting to X units, which was approx. 55% of total imports in 2022. It was distantly followed by Mexico (X units), Argentina (X units) and Chile (X units), together making up a 31% share of total imports. The following importers - Peru (X units), the Dominican Republic (X units) and Venezuela (X units) - each reached a 5.4% share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of pneumatic elevators and conveyors. At the same time, the Dominican Republic (+16.8%), Argentina (+14.3%) and Chile (+4.1%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +16.8% from 2012-2022. By contrast, Peru (-1.3%), Mexico (-6.4%) and Venezuela (-12.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina, Brazil and Chile increased by +7.2, +5.9 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pneumatic elevator importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), with a combined 54% share of total imports. Argentina, the Dominican Republic, Venezuela and Peru lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, the Dominican Republic, with a CAGR of +11.8%, 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, surging by 15% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the import price increased by 46%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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