Latin America and the Caribbean: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Latin America and the Caribbean

In 2022, the Latin American cable-making machine market increased by X% to $X, rising for the second consecutive year after four years of decline. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Cable-Making Machine Production in Latin America and the Caribbean

In value terms, cable-making machine production shrank to $X in 2022 estimated in export price. Overall, production posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Cable-Making Machine Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of rope or cable-making machines was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, cable-making machine exports soared to $X in 2022. In general, exports, however, showed a pronounced slump. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. Brazil (X units) ranks second in terms of the total exports with an X% share, followed by Argentina (X%).

Mexico was also the fastest-growing in terms of the rope or cable-making machines exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cable-making machine supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together comprising X% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of X%, 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

The export price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cable-making machine export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Argentina ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Cable-Making Machine Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of rope or cable-making machines increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, imports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cable-making machine imports expanded significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the major importing country with an import of around X units, which reached X% of total imports. Argentina (X units) ranks second in terms of the total imports with a X% share, followed by Cuba (X%) and Brazil (X%). Panama (X units), Colombia (X units) and Nicaragua (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cable-making machine imports into Mexico stood at X%. At the same time, Cuba (X%), Panama (X%), Nicaragua (X%), Argentina (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Cuba emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina, Cuba, Panama, Colombia and Nicaragua increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported rope or cable-making machines in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, cable-making machine imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, which is down by X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cable-making machine import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, 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 Brazil ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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