Latin America and the Caribbean: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2025

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Latin America and the Caribbean

In 2021, the Latin American turbo-jet (over X kn) market increased by 42% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption showed prominent growth. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Latin America and the Caribbean

In value terms, turbo-jet (over X kn) production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 126% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in Latin America and the Caribbean

In 2021, shipments abroad of turbo-jets of a thrust exceeding X kn was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, turbo-jet (over X kn) exports dropped to $X in 2021. In general, exports, however, showed a deep setback. The growth pace was the most rapid in 2017 when exports increased by 117%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico represented the largest exporting country with an export of around X units, which accounted for 70% of total exports. It was distantly followed by Brazil (X units), committing a 15% share of total exports. The following exporters - Argentina (X units), Chile (X units), Colombia (X units) and Cuba (X units) - each recorded an 11% share of total exports.

Exports from Mexico decreased at an average annual rate of -12.7% from 2012 to 2021. At the same time, Chile (+9.1%), Colombia (+9.1%) and Cuba (+8.0%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +9.1% from 2012-2021. Argentina experienced a relatively flat trend pattern. By contrast, Brazil (-31.5%) illustrated a downward trend over the same period. While the share of Mexico (+37 p.p.), Colombia (+2.8 p.p.), Chile (+2.8 p.p.), Cuba (+2.6 p.p.) and Argentina (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-49.9 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest turbo-jet (over X kn) supplier in Latin America and the Caribbean, comprising 81% of total exports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total exports. It was followed by Cuba, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in Mexico stood at -3.7%. In the other countries, the average annual rates were as follows: Brazil (-20.4% per year) and Cuba (+115.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, shrinking by -27.7% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2016 when the export price increased by 79% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then dropped sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cuba (+98.2%), while the other leaders experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of turbo-jets of a thrust exceeding X kn decreased by -2.4% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 16,277% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, turbo-jet (over X kn) imports soared to $X in 2021. Overall, imports, however, showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X units) and the Dominican Republic (X units) dominates imports structure, together comprising 85% of total imports. It was distantly followed by Chile (X units), making up a 9.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +22.0%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported turbo-jets of a thrust exceeding X kn in Latin America and the Caribbean, comprising 85% of total imports. The second position in the ranking was held by Chile ($X), with a 9% share of total imports.

In Brazil, turbo-jet (over X kn) imports expanded at an average annual rate of +9.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+5.1% per year) and the Dominican Republic (-45.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, with an increase of 61% against the previous year. In general, the import price continues to indicate a resilient increase. The growth pace was the most rapid in 2014 when the import price increased by 40,774%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, 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 ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+11.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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