Latin America and the Caribbean: Transmission Shaft Market 2024

Transmission Shaft Market Size in Latin America and the Caribbean

The Latin American transmission shaft market rose remarkably to $X in 2022, growing by X% against the previous year. The total consumption indicated a strong increase 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, consumption increased by X% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Transmission Shaft Production in Latin America and the Caribbean

In value terms, transmission shaft production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Transmission Shaft Exports

Exports in Latin America and the Caribbean

In 2022, exports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Latin America and the Caribbean fell to X tons, shrinking by X% compared with the year before. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports expanded remarkably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) and Brazil (X tons) prevails in exports structure, together making up X% of total exports. Argentina (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price 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, transmission shaft export price decreased by X% against 2018 indices. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Transmission Shaft Imports

Imports in Latin America and the Caribbean

In 2022, imports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Latin America and the Caribbean rose rapidly to X tons, surging by X% compared with the previous year's figure. Total imports indicated temperate growth 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 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, transmission shaft imports expanded notably 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Mexico (X tons) represented the major importer of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, mixing up X% of total imports. It was distantly followed by Brazil (X tons), constituting a X% share of total imports. Argentina (X tons), Colombia (X tons), Chile (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Argentina, Colombia and Peru lagged somewhat behind, together comprising a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Mexico ($X per ton) 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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :