Latin America and the Caribbean: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Latin America and the Caribbean

The Latin American overhead travelling crane market expanded modestly to $X in 2023, growing by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Overhead Travelling Crane Production in Latin America and the Caribbean

In value terms, overhead travelling crane production rose to $X in 2023 estimated in export price. Over the period under review, production, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports in Latin America and the Caribbean

Overhead travelling crane exports soared to X units in 2023, increasing by X% against 2022. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, overhead travelling crane exports surged to $X in 2023. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Honduras (X units) and Brazil (X units) were the main exporters of overhead travelling cranes on fixed support in Latin America and the Caribbean, together resulting at approx. X% of total exports. Chile (X units) ranks next in terms of the total exports with a X% share, followed by Argentina (X%), Colombia (X%), Mexico (X%) and Guatemala (X%). The following exporters - Peru (X units), Panama (X units), Costa Rica (X units), El Salvador (X units) and Bolivia (X units) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Honduras (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest overhead travelling crane supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

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

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2023, which is down by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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

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

Overhead Travelling Crane Imports

Imports in Latin America and the Caribbean

In 2023, the amount of overhead travelling cranes on fixed support imported in Latin America and the Caribbean skyrocketed to X units, picking up by X% against 2022. Overall, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, overhead travelling crane imports surged to $X in 2023. Over the period under review, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Mexico represented the main importing country with an import of around X units, which resulted at X% of total imports. Panama (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Paraguay (X%), Chile (X%), Colombia (X%) and Peru (X%). Guatemala (X units), Ecuador (X units), the Dominican Republic (X units), Brazil (X units), Honduras (X units), Argentina (X units) and Venezuela (X units) followed a long way behind the leaders.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2023. At the same time, Paraguay (X%), Panama (X%), the Dominican Republic (X%), Argentina (X%), Chile (X%), Colombia (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Peru and Honduras experienced a relatively flat trend pattern. By contrast, Guatemala (X%), Venezuela (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Panama, Paraguay, Chile, Colombia, Peru, the Dominican Republic and Ecuador increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported overhead travelling cranes on fixed support in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Panama ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Mexico, overhead travelling crane imports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Panama (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform