Latin America and the Caribbean: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Latin America and the Caribbean

In 2021, the Latin American walking-sticks and whips market increased by 6.6% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in Latin America and the Caribbean

In value terms, walking-sticks and whips production declined to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 89%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Walking-Sticks And Whips Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of walking-sticks, seat-sticks, whips and riding-crops decreased by -4.8% to X tons, falling for the fifth year in a row after three years of growth. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 13% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, walking-sticks and whips exports declined to $X in 2021. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 43%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Mexico (X tons), the Dominican Republic (X tons) and El Salvador (X tons), together amounting to 77% of total export. It was distantly followed by Chile (X kg), making up a 6.9% share of total exports. British Virgin Islands (X kg), Costa Rica (X kg) and Panama (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by El Salvador (with a CAGR of +39.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest walking-sticks and whips supplying countries in Latin America and the Caribbean were the Dominican Republic ($X), Mexico ($X) and Chile ($X), with a combined 72% share of total exports. El Salvador, British Virgin Islands, Panama and Costa Rica lagged somewhat behind, together accounting for a further 22%.

El Salvador, with a CAGR of +37.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -6.8% against the previous year. Export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips export price decreased by -25.9% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 109%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+17.6%), while the other leaders experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports in Latin America and the Caribbean

After two years of decline, purchases abroad of walking-sticks, seat-sticks, whips and riding-crops increased by 15% to X tons in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 39%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, walking-sticks and whips imports surged to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of walking-sticks, seat-sticks, whips and riding-crops, namely Colombia, Brazil, Chile, Mexico, El Salvador, Ecuador, Cuba, Peru, Argentina, Costa Rica, Guatemala and Panama, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were in Guatemala (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest walking-sticks and whips importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Brazil ($X), together comprising 50% of total imports. These countries were followed by Colombia, Argentina, Costa Rica, Ecuador, Peru, Cuba, El Salvador, Guatemala and Panama, which together accounted for a further 37%.

In terms of the main importing countries, Guatemala, with a CAGR of +18.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 9.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2016 when the import price increased by 20%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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