Latin America and the Caribbean: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Latin America and the Caribbean

The Latin American pneumatic linear acting actuator market fell modestly to $X in 2022, with a decrease of -4.4% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in Latin America and the Caribbean

In value terms, pneumatic linear acting actuator production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in Latin America and the Caribbean

In 2022, shipments abroad of pneumatic linear acting actuators increased by 26% to X units, rising for the second consecutive year after two years of decline. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Mexico represented the major exporter of pneumatic linear acting actuators in Latin America and the Caribbean, with the volume of exports recording X units, which was near 86% of total exports in 2022. It was distantly followed by Brazil (X units), mixing up a 13% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pneumatic linear acting actuator exports from Mexico stood at +6.9%. At the same time, Brazil (+9.3%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +9.3% from 2012-2022. From 2012 to 2022, the share of Brazil and Mexico increased by +2.7 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest pneumatic linear acting actuator supplier in Latin America and the Caribbean, comprising 92% of total exports. The second position in the ranking was taken by Brazil ($X), with a 7% share of total exports.

In Mexico, pneumatic linear acting actuator exports expanded at an average annual rate of +8.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, shrinking by -6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2021 an increase of 6.3% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

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 Mexico ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.7%).

Imports of Pneumatic Linear Acting Actuators

Imports in Latin America and the Caribbean

In 2022, approx. X units of pneumatic linear acting actuators were imported in Latin America and the Caribbean; surging by 11% compared with the year before. Total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, pneumatic linear acting actuator imports rose notably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Mexico (X units) and Brazil (X units) dominates imports structure, together creating 82% of total imports. It was distantly followed by Argentina (X units), committing a 4.5% share of total imports. The following importers - Peru (X units), Colombia (X units) and Chile (X units) - each reached a 9.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported pneumatic linear acting actuators in Latin America and the Caribbean, comprising 59% of total imports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total imports. It was followed by Argentina, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +8.1%. In the other countries, the average annual rates were as follows: Brazil (+3.1% per year) and Argentina (+1.4% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2013 when the import price increased by 49% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 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 Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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