Latin America and the Caribbean: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Latin America and the Caribbean

In 2021, the Latin American steam blasting machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Steam Blasting Machine Production in Latin America and the Caribbean

In value terms, steam blasting machine production surged to $X in 2021 estimated in export price. Overall, production saw buoyant growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 182%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Steam Blasting Machine Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of steam or sand blasting machines and similar jet-projecting machines increased by 11% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 47%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, steam blasting machine exports contracted modestly to $X in 2021. Overall, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Brazil (X units) represented the key exporter of steam or sand blasting machines and similar jet-projecting machines, constituting 60% of total exports. It was distantly followed by Mexico (X units), generating a 35% share of total exports. The Dominican Republic (X units) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of +11.8%), while the other leaders experienced a decline in the exports figures.

In value terms, Mexico ($X) remains the largest steam blasting machine supplier in Latin America and the Caribbean, comprising 70% of total exports. The second position in the ranking was held by Brazil ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Mexico totaled -1.9%. In the other countries, the average annual rates were as follows: Brazil (+3.1% per year) and the Dominican Republic (-2.7% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, waning by -13.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 61% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+22.9%), while the other leaders experienced mixed trends in the export price figures.

Steam Blasting Machine Imports

Imports in Latin America and the Caribbean

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported in Latin America and the Caribbean; waning by -27.8% compared with 2020 figures. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 40%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, steam blasting machine imports soared to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the largest importer of steam or sand blasting machines and similar jet-projecting machines in Latin America and the Caribbean, with the volume of imports amounting to X units, which was near 36% of total imports in 2021. Mexico (X units) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Paraguay (14%) and El Salvador (12%). The following importers - Bolivia (X units), Chile (X units) and Argentina (X units) - together made up 9.3% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2021, with a combined 71% share of total imports. These countries were followed by Chile, Paraguay, El Salvador and Bolivia, which together accounted for a further 9.5%.

El Salvador, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, growing by 102% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+25.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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