Latin America and the Caribbean: Thermoforming Machine Market 2025

Thermoforming Machine Market Size in Latin America and the Caribbean

The Latin American thermoforming machine market surged to $X in 2021, jumping by 32% against the previous year. In general, consumption recorded a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Thermoforming Machine Production in Latin America and the Caribbean

In value terms, thermoforming machine production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 96% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Thermoforming Machine Exports

Exports in Latin America and the Caribbean

Thermoforming machine exports skyrocketed to X units in 2021, rising by 114% compared with the year before. Over the period under review, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, thermoforming machine exports reduced sharply to $X in 2021. In general, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 81% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Brazil (X units), together amounting to 98% of total export.

Brazil was also the fastest-growing in terms of the thermoforming machines for working rubber or plastics exports, with a CAGR of +12.9% from 2012 to 2021. From 2012 to 2021, the share of Brazil increased by +3.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest thermoforming machine supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at -15.7%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, reducing by -62.4% against the previous year. In general, the export price faced a abrupt downturn. The pace of growth was the most pronounced in 2015 when the export price increased by 107% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -25.3% per year.

Thermoforming Machine Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of thermoforming machines for working rubber or plastics was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 124%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, thermoforming machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 37%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, El Salvador (X units) was the largest importer of thermoforming machines for working rubber or plastics, mixing up 58% of total imports. It was distantly followed by Mexico (X units) and Argentina (X units), together constituting a 30% share of total imports. The following importers - Brazil (X units), Guatemala (X units) and Chile (X units) - each recorded a 6.1% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to thermoforming machine imports into El Salvador stood at +28.2%. At the same time, Argentina (+41.8%), Mexico (+16.0%) and Guatemala (+8.4%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +41.8% from 2012-2021. Chile experienced a relatively flat trend pattern. By contrast, Brazil (-13.3%) illustrated a downward trend over the same period. El Salvador (+38 p.p.), Argentina (+8.8 p.p.) and Mexico (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Chile and Brazil saw its share reduced by -3.6% and -24.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported thermoforming machines for working rubber or plastics in Latin America and the Caribbean, comprising 50% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Argentina, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-3.0% per year) and Argentina (-4.9% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, falling by -28.7% against the previous year. Overall, the import price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 55% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Brazil ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+11.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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