Latin America and the Caribbean: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Latin America and the Caribbean

The Latin American market for spray guns and similar appliances contracted to $X in 2022, declining by -5.7% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Spray Guns And Similar Appliances in Latin America and the Caribbean

In value terms, spray guns and similar appliances production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Spray Guns And Similar Appliances

Exports in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in shipments abroad of spray guns and similar appliances, when their volume increased by 24% to X units. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 39% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, spray guns and similar appliances exports amounted to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico was the key exporter of spray guns and similar appliances in Latin America and the Caribbean, with the volume of exports accounting for X units, which was approx. 67% of total exports in 2022. It was distantly followed by Guatemala (X units), El Salvador (X units) and Brazil (X units), together achieving a 22% share of total exports. Chile (X units), Colombia (X units) and Panama (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spray guns and similar appliances exports from Mexico stood at +1.7%. At the same time, Guatemala (+22.1%), El Salvador (+11.2%) and Chile (+6.6%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +22.1% from 2012-2022. By contrast, Colombia (-5.6%), Brazil (-5.7%) and Panama (-20.5%) illustrated a downward trend over the same period. While the share of Mexico (+9.9 p.p.), Guatemala (+8.8 p.p.), El Salvador (+4.8 p.p.) and Chile (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (-2.5 p.p.), Brazil (-4 p.p.) and Panama (-17.1 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest spray guns and similar appliances supplier in Latin America and the Caribbean, comprising 80% of total exports. The second position in the ranking was taken by Brazil ($X), with a 5% share of total exports. It was followed by Chile, with a 4.4% share.

In Mexico, spray guns and similar appliances exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-10.0% per year) and Chile (+5.6% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, shrinking by -12.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Panama ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+9.1%), while the other leaders experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in overseas purchases of spray guns and similar appliances, when their volume decreased by -10.8% to X units. The total import volume increased at an average annual rate of +1.9% 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 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, spray guns and similar appliances imports stood at $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Brazil (X units) and Mexico (X units) represented the main importers of spray guns and similar appliances in Latin America and the Caribbean, together recording near 40% of total imports. It was distantly followed by Peru (X units), Argentina (X units), Colombia (X units), Ecuador (X units) and Chile (X units), together achieving a 31% share of total imports. The following importers - Trinidad and Tobago (X units), Guatemala (X units), Bolivia (X units), Costa Rica (X units), the Dominican Republic (X units) and Jamaica (X units) - together made up 17% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Dominican Republic (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported spray guns and similar appliances in Latin America and the Caribbean, comprising 38% of total imports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total imports. It was followed by Chile, with an 8.9% share.

In Mexico, spray guns and similar appliances imports increased at an average annual rate of +4.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+1.2% per year) and Chile (+5.5% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, growing by 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 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 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 Guatemala (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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