Latin America and the Caribbean: Pumps For Liquids Market 2025

Pumps For Liquids Market Size in Latin America and the Caribbean

The Latin American pumps for liquids market expanded to $X in 2022, increasing by 4.1% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Pumps For Liquids Production in Latin America and the Caribbean

In value terms, pumps for liquids production totaled $X in 2022 estimated in export price. The total output 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 in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Pumps For Liquids Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of pumps for liquids were exported in Latin America and the Caribbean; with an increase of 15% compared with 2021. The total export volume increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, pumps for liquids exports totaled $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 17% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Mexico dominates exports structure, finishing at X units, which was near 92% of total exports in 2022. It was distantly followed by Brazil (X units), generating a 7.7% share of total exports.

Exports from Mexico increased at an average annual rate of +4.5% from 2012 to 2022. At the same time, Brazil (+5.1%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +5.1% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest pumps for liquids supplier in Latin America and the Caribbean, comprising 81% of total exports. The second position in the ranking was taken by Brazil ($X), with a 9.8% share of total exports.

In Mexico, pumps for liquids exports expanded at an average annual rate of +5.1% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, falling by -12.4% against the previous year. In general, the export price saw a noticeable decline. The growth pace was the most rapid in 2016 when the export price increased by 4.9%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Mexico amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.5%).

Pumps For Liquids Imports

Imports in Latin America and the Caribbean

In 2022, pumps for liquids imports in Latin America and the Caribbean totaled X units, increasing by 13% compared with 2021 figures. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +107.5% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 51% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, pumps for liquids imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. The level of import peaked at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

Brazil was the main importer of pumps for liquids in Latin America and the Caribbean, with the volume of imports accounting for X units, which was near 55% of total imports in 2022. It was distantly followed by Mexico (X units), Chile (X units) and Colombia (X units), together committing a 32% share of total imports. The following importers - Argentina (X units) and Ecuador (X units) - together made up 4.9% of total imports.

Imports into Brazil increased at an average annual rate of +4.5% from 2012 to 2022. At the same time, Colombia (+12.9%), Mexico (+10.0%), Chile (+9.8%) and Ecuador (+6.2%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +12.9% from 2012-2022. By contrast, Argentina (-3.4%) illustrated a downward trend over the same period. Mexico (+6.9 p.p.), Colombia (+3.1 p.p.) and Chile (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Argentina saw its share reduced by -1.9% and -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, together accounting for 58% of total imports. Argentina, Colombia and Ecuador lagged somewhat behind, together accounting for a further 21%.

In terms of the main importing countries, Ecuador, with a CAGR of +3.5%, 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, falling by -6.3% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by 19%. The level of import peaked at $X per unit in 2016; however, from 2017 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 Argentina ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform