Latin America and the Caribbean: Built-In Jacking System Market 2024

Built-In Jacking System Market Size in Latin America and the Caribbean

The Latin American built-in jacking system market shrank modestly to $X in 2023, dropping by X% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Built-In Jacking System Production in Latin America and the Caribbean

In value terms, built-in jacking system production dropped slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Built-In Jacking System Exports

Exports in Latin America and the Caribbean

In 2023, after three years of decline, there was significant growth in overseas shipments of built-in jacking systems of a type used in garages for raising vehicles, when their volume increased by X% to X units. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, built-in jacking system exports surged to $X in 2023. In general, exports continue to indicate a modest expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was near X% of total exports in 2023. It was distantly followed by Chile (X units), mixing up a X% share of total exports. The following exporters - Colombia (X units) and the Dominican Republic (X units) - together made up X% of total exports.

Brazil was also the fastest-growing in terms of the built-in jacking systems of a type used in garages for raising vehicles exports, with a CAGR of X% from 2012 to 2023. At the same time, Colombia (X%) displayed positive paces of growth. By contrast, Chile (X%) and the Dominican Republic (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Chile (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Colombia (X p.p.) and the Dominican Republic (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest built-in jacking system supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Brazil, built-in jacking system exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Chile (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, 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 Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Built-In Jacking System Imports

Imports in Latin America and the Caribbean

After two years of growth, overseas purchases of built-in jacking systems of a type used in garages for raising vehicles decreased by X% to X units in 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2022, and then dropped dramatically in the following year.

In value terms, built-in jacking system imports contracted to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, Chile (X units) represented the major importer of built-in jacking systems of a type used in garages for raising vehicles, creating X% of total imports. Brazil (X units) held the second position in the ranking, followed by Bolivia (X units), Mexico (X units), Argentina (X units) and the Dominican Republic (X units). All these countries together took near X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to built-in jacking system imports into Chile stood at X%. At the same time, the Dominican Republic (X%) and Brazil (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Bolivia experienced a relatively flat trend pattern. By contrast, Mexico (X%) and Argentina (X%) illustrated a downward trend over the same period. The Dominican Republic (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico, Argentina and Chile saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest built-in jacking system importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined X% share of total imports. Chile, the Dominican Republic and Bolivia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform