Latin America and the Caribbean: Wheeled Loader Market 2024

Wheeled Loader Market Size in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in the Latin American wheeled loader market, when its value increased by 37% to $X. Over the period under review, consumption, however, recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Wheeled Loader Production in Latin America and the Caribbean

In value terms, wheeled loader production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 1,457%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Wheeled Loader Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders were finally on the rise to reach X units after two years of decline. Over the period under review, exports saw perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 66% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, wheeled loader exports soared to $X in 2021. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 132% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, recording X units, which was near 86% of total exports in 2021. It was distantly followed by Peru (X units), comprising a 4.8% share of total exports. The following exporters - Chile (X units) and Panama (X units) - together made up 4.9% of total exports.

From 2012 to 2021, average annual rates of growth with regard to wheeled loader exports from Brazil stood at +2.9%. At the same time, Panama (+31.5%) and Peru (+25.1%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +31.5% from 2012-2021. By contrast, Chile (-5.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Peru increased by +4.1 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest wheeled loader supplier in Latin America and the Caribbean, comprising 94% of total exports. The second position in the ranking was held by Chile ($X), with a 2.5% share of total exports. It was followed by Peru, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-2.0% per year) and Peru (+21.4% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 an increase of 40%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+9.4%), while the other leaders experienced more modest paces of growth.

Wheeled Loader Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of wheeled loaders, crawler shovel loaders, front-end loaders was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt contraction. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wheeled loader imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt descent. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Argentina (X units), Brazil (X units), Chile (X units), Mexico (X units) and Peru (X units) represented roughly 79% of total imports in 2021. It was distantly followed by Colombia (X units), comprising a 5.1% share of total imports. Uruguay (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Argentina (with a CAGR of +5.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 53% share of total imports. These countries were followed by Argentina, Mexico, Colombia and Uruguay, which together accounted for a further 34%.

Argentina, with a CAGR of +3.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2016 when the import price increased by 15%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Peru ($X per unit), while Uruguay ($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 (+13.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :