Latin America and the Caribbean: Fuel Filter Market 2024

Fuel Filter Market Size in Latin America and the Caribbean

In 2022, the Latin American fuel filter market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; afterwards, it flattened through to 2022.

Fuel Filter Production in Latin America and the Caribbean

In value terms, fuel filter production shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a mild slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fuel Filter Exports

Exports in Latin America and the Caribbean

Fuel filter exports surged to X units in 2022, growing by X% against the year before. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, fuel filter exports surged to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico represented the largest exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Brazil (X units), mixing up a X% share of total exports. Colombia (X units) held a relatively small share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, fuel filter exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (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 2022, with an increase of X% against the previous year. In general, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Fuel Filter Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of oil or petrol-filters for internal combustion engines increased by X% to X units, rising for the second year in a row after three years of decline. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, fuel filter imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Brazil was the main importer of oil or petrol-filters for internal combustion engines in Latin America and the Caribbean, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by Mexico (X units), Colombia (X units), Argentina (X units), Ecuador (X units), Chile (X units) and Peru (X units), together committing a X% share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%), Colombia (X%), Peru (X%), Chile (X%), Argentina (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Brazil (X p.p.), Colombia (X p.p.), Ecuador (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fuel filter importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together accounting for X% of total imports. Argentina, Colombia, Peru and Ecuador lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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