Latin America and the Caribbean: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2025

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Latin America and the Caribbean

In 2022, the Latin American market for pulley tackle and hoists powered by an electric motor increased by 14% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Latin America and the Caribbean

In value terms, production of pulley tackle and hoists powered by an electric motor shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 20% against the previous year. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports in Latin America and the Caribbean

In 2022, exports of pulley tackle and hoists powered by an electric motor in Latin America and the Caribbean skyrocketed to X units, jumping by 38% on 2021 figures. Overall, exports, however, showed a perceptible decrease. Over the period under review, the exports of reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 70% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Brazil was the largest exporter of pulley tackle and hoists powered by an electric motor in Latin America and the Caribbean, with the volume of exports finishing at X units, which was near 52% of total exports in 2022. Mexico (X units) ranks second in terms of the total exports with a 15% share, followed by Panama (8.8%) and Chile (5.3%). Jamaica (X units), Honduras (X units), Colombia (X units) and Peru (X units) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of pulley tackle and hoists powered by an electric motor. At the same time, Honduras (+24.6%), Jamaica (+16.5%), Peru (+14.1%) and Panama (+8.8%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +24.6% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Chile (-2.6%) and Mexico (-11.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Panama, Jamaica and Honduras increased by +18, +6.3, +3.5 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest pulley tackle and hoists powered by an electric motor supplier in Latin America and the Caribbean, comprising 41% of total exports. The second position in the ranking was held by Chile ($X), with a 14% share of total exports. It was followed by Mexico, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +6.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-10.3% per year) and Mexico (-2.2% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by 8.8% against the previous year. In general, the export price continues to indicate notable growth. The growth pace was the most rapid in 2018 an increase of 72%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat 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 Chile ($X per unit), while Jamaica ($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 (+10.7%), while the other leaders experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports in Latin America and the Caribbean

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were imported in Latin America and the Caribbean; rising by 19% compared with the previous year. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of pulley tackle and hoists powered by an electric motor rose sharply to $X in 2022. In general, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 20%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Mexico represented the key importing country with an import of about X units, which reached 46% of total imports. Brazil (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Chile (14%) and Peru (11%). Colombia (X units) and Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pulley tackle and hoists powered by an electric motor imports into Mexico stood at +12.7%. At the same time, Peru (+18.2%), Ecuador (+17.7%), Chile (+10.2%), Colombia (+6.2%) and Brazil (+4.1%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +18.2% from 2012-2022. Mexico (+12 p.p.) and Peru (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -10.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pulley tackle and hoists powered by an electric motor importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together accounting for 61% of total imports. Peru, Colombia and Ecuador lagged somewhat behind, together accounting for a further 18%.

Among the main importing countries, Ecuador, with a CAGR of +6.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, dropping by -8.4% against the previous year. In general, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 2.5% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Ecuador ($X per unit), while Mexico ($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 (-4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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