Latin America and the Caribbean: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Latin America and the Caribbean

In 2023, the Latin American numerically controlled drilling machine market increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Latin America and the Caribbean

In value terms, numerically controlled drilling machine production rose markedly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Latin America and the Caribbean

In 2023, approx. X units of numerically controlled drilling machines for working metal were exported in Latin America and the Caribbean; picking up by X% on 2022. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports surged to $X in 2023. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X units) and Panama (X units) dominates exports structure, together constituting X% of total exports. Chile (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X), Panama ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Panama (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Latin America and the Caribbean

In 2023, overseas purchases of numerically controlled drilling machines for working metal increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports surged to $X in 2023. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Uruguay was the main importer of numerically controlled drilling machines for working metal in Latin America and the Caribbean, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. Mexico (X units) took the second position in the ranking, distantly followed by Brazil (X units). All these countries together took approx. X% share of total imports. The following importers - Honduras (X units), Chile (X units), Colombia (X units), Paraguay (X units), Ecuador (X units) and Argentina (X units) - together made up X% of total imports.

Uruguay was also the fastest-growing in terms of the numerically controlled drilling machines for working metal imports, with a CAGR of X% from 2012 to 2023. At the same time, Honduras (X%), Ecuador (X%) and Chile (X%) displayed positive paces of growth. By contrast, Paraguay (X%), Mexico (X%), Colombia (X%), Argentina (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uruguay, Honduras and Ecuador increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Argentina, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform