Latin America and the Caribbean: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Latin America and the Caribbean

The Latin American air or gas liquefier market reached $X in 2023, with an increase of X% against the previous year. The market 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. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Production of Machinery for Liquefying Air or Gases in Latin America and the Caribbean

In value terms, air or gas liquefier production totaled $X in 2023 estimated in export price. The total output 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 pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports in Latin America and the Caribbean

Air or gas liquefier exports reduced rapidly to X units in 2023, dropping by X% against the previous year. In general, exports saw a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, air or gas liquefier exports reduced rapidly to $X in 2023. Over the period under review, exports, however, showed a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Argentina represented the key exporter of machinery for liquefying air or gases in Latin America and the Caribbean, with the volume of exports finishing at X units, which was approx. X% of total exports in 2023. Brazil (X units) ranks second in terms of the total exports with a X% share, followed by Chile (X%) and Peru (X%). Costa Rica (X units) took a little share of total exports.

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

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

In Argentina, air or gas liquefier exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (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, waning by X% against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

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 ($X per unit), while Peru ($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 a decline in the export price figures.

Imports of Machinery for Liquefying Air or Gases

Imports in Latin America and the Caribbean

Air or gas liquefier imports soared to X units in 2023, increasing by X% on 2022 figures. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, air or gas liquefier imports surged to $X in 2023. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in years to come.

Imports by Country

Peru was the major importer of machinery for liquefying air or gases in Latin America and the Caribbean, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. Bolivia (X units) held the second position in the ranking, distantly followed by Brazil (X units). All these countries together took near X% share of total imports. Cuba (X units) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to air or gas liquefier imports into Peru stood at X%. At the same time, Cuba (X%), Bolivia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Cuba emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Peru, Bolivia and Cuba increased by X, X and X percentage points, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported machinery for liquefying air or gases in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Cuba, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Cuba (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, waning by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat 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 ($X per unit), while Bolivia ($X per unit) 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 import price figures.

Source: IndexBox Platform