Latin America and the Caribbean: Swivel Seat Market 2024

Swivel Seat Market Size in Latin America and the Caribbean

The Latin American swivel seat market contracted sharply to $X in 2022, reducing by -28.2% against the previous year. In general, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Swivel Seat Production in Latin America and the Caribbean

In value terms, swivel seat production contracted to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Swivel Seat Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of swivel seats with variable height adjustments increased by 29% to X units, rising for the fourth consecutive year after four years of decline. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 81%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, swivel seat exports skyrocketed to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 43%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

The shipments of the one major exporters of swivel seats with variable height adjustments, namely Mexico, represented more than two-thirds of total export.

Mexico was also the fastest-growing in terms of the swivel seats with variable height adjustments exports, with a CAGR of +7.3% from 2012 to 2022. While the share of Mexico (+5.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest swivel seat supplier in Latin America and the Caribbean.

In Mexico, swivel seat exports expanded at an average annual rate of +7.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, growing by 3.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 34%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +0.3% per year.

Swivel Seat Imports

Imports in Latin America and the Caribbean

After two years of growth, overseas purchases of swivel seats with variable height adjustments decreased by -19.9% to X units in 2022. In general, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of X units, and then dropped rapidly in the following year.

In value terms, swivel seat imports dropped rapidly to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 99%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

Brazil was the major importing country with an import of about X units, which resulted at 31% of total imports. Mexico (X units) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Chile (13%), Colombia (9.5%), Bolivia (8.8%) and Peru (8%). Argentina (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to swivel seat imports into Brazil stood at +4.0%. At the same time, Bolivia (+29.2%), Chile (+9.0%), Peru (+7.6%), Colombia (+4.8%), Mexico (+3.4%) and Argentina (+2.3%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +29.2% from 2012-2022. While the share of Bolivia (+7.7 p.p.), Chile (+4 p.p.) and Peru (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-2.5 p.p.) and Brazil (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest swivel seat importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), together accounting for 66% of total imports.

Chile, with a CAGR of +12.1%, saw the highest rates of growth with regard to 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 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 an increase of 10%. The level of import peaked at $X per unit in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Bolivia ($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 (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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