Latin America and the Caribbean: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Latin America and the Caribbean

In 2023, the Latin American endless machinery band market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Endless Machinery Band Production in Latin America and the Caribbean

In value terms, endless machinery band production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, saw a abrupt downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Endless Machinery Band Exports

Exports in Latin America and the Caribbean

In 2023, exports of endless bands for machinery, of stainless steel in Latin America and the Caribbean skyrocketed to X square meters, growing by X% compared with the previous year's figure. Overall, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, endless machinery band exports surged to $X in 2023. Over the period under review, exports posted modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Guatemala represented the key exporter of endless bands for machinery, of stainless steel in Latin America and the Caribbean, with the volume of exports amounting to X square meters, which was approx. X% of total exports in 2023. It was distantly followed by Mexico (X square meters), creating an X% share of total exports. Brazil (X square meters) followed a long way behind the leaders.

Guatemala was also the fastest-growing in terms of the endless bands for machinery, of stainless steel exports, with a CAGR of X% from 2012 to 2023. At the same time, Mexico (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. Guatemala (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) emerged as the largest endless machinery band supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with an X% share of total exports.

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

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per square meter, growing by X% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per square meter), while Guatemala ($X per square meter) was amongst the lowest.

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

Endless Machinery Band Imports

Imports in Latin America and the Caribbean

In 2023, imports of endless bands for machinery, of stainless steel in Latin America and the Caribbean totaled X square meters, surging by X% compared with 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, endless machinery band imports totaled $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 when imports increased by X%. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

In 2023, Mexico (X square meters) represented the main importer of endless bands for machinery, of stainless steel, achieving X% of total imports. El Salvador (X square meters) ranks second in terms of the total imports with a X% share, followed by Ecuador (X%) and Aruba (X%). The following importers - Brazil (X square meters), Montserrat (X square meters), Cuba (X square meters), Chile (X square meters), Guatemala (X square meters), Argentina (X square meters), Costa Rica (X square meters) and Colombia (X square meters) - together made up X% of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Aruba (X%), El Salvador (X%) and Cuba (X%) displayed positive paces of growth. Moreover, Aruba emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Montserrat experienced a relatively flat trend pattern. By contrast, Costa Rica (X%), Brazil (X%), Chile (X%), Guatemala (X%), Argentina (X%), Ecuador (X%) and Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mexico, El Salvador, Aruba and Montserrat increased by 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 ($X) constitutes the largest market for imported endless bands for machinery, of stainless steel in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per square meter in 2023, with a decrease of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per square meter), while Aruba ($X per square meter) 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