As a Chinese crane service provider, Dongqi does not have a lot of crane business in Latin America. With the impact of COVID-19 and the surge in sea freight and raw materials, we completed a total of 14 crane operations in Latin America last year. Including electric hoists and overhead cranes and some accesorios de la grúa. Market research on overhead cranes in Latin America makes us feel that there is a lot of room for development in the future. This article studies the changes in the Latin American overhead crane market in 2022 from the market size and production volume of the Latin American overhead crane
The Latin American Overhead Crane Market surged to $X in 2020, an increase of X% over the previous year. Overall, however, consumption has shown a relatively flat trend pattern. The fastest growth was in 2011, when the market value increased by X% year-on-year. Consumption levels peaked at $X in 2012; however, from 2013 to 2020, consumption remained low.
In value terms, bridge crane production in 2020 fell sharply to $X in export prices. In general, however, production growth has been slow. The most significant growth rate occurred in 2019, when production increased by X% year-on-year. As a result, production peaks at $X and then plummets the following year.
Brasil (X units) is the country with the largest production of overhead cranes, accounting for X% of the total production. In addition, Brazil produces four times more overhead cranes than Argentina (X units), the second largest producer. Colombia (X units) is third in total production with an X% share. The average annual growth rate in Brazil from 2007 to 2020 was relatively low. The average annual production growth rates for the remaining producing countries are as follows: Argentina (-X% per year) and Colombia (+X% per year).
In 2020, Colombia (X units) was the leading exporter of fixed-support overhead cranes, accounting for X% of total exports. This is followed by Argentina (X units), Perú (X unidades), Chile (X units) and Brazil (X units), which together account for X% of total exports. México (X units) accounts for only a small portion of total exports.
From 2007 to 2020, Colombian bridge crane exports grew at an average annual rate of +X%. Meanwhile, Peru (+X%), Chile (+X%), Mexico (+X%) and Argentina (+X%) showed positive growth rates. In addition, Peru became the fastest growing exporter in Latin America and the Caribbean with a CAGR of +X% from 2007-2020. In contrast, Brazil (-X%) showed a downward trend over the same period. Colombia (+X pp), Peru (+X pp) and Chile (+X pp) have significantly strengthened their positions in total exports, while Argentina and Brazil’s shares have declined by -X% and -X respectively between 2007 and 2020 %.
During the analysis period, the shares of other countries remained relatively stable. In terms of value, Mexico ($X), Chile ($X) and Brazil ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of total exports. During the reporting period, among the major exporting countries, Mexico experienced the highest growth in the value of exports, while the other major exporting countries experienced slower growth in the value of exports.
In 2020, after a two-year decline, overseas purchases of fixed-support overhead cranes saw a significant increase, increasing their number by X% to X units. Overall, however, there has been a marked decline in imports. In 2012, imports peaked at X units; however, from 2013 to 2020, imports remained low.
In value terms, bridge crane imports surged to $X in 2020. However, imports continued to show a relatively flat trend pattern during the reporting period. The most significant growth rate occurred in 2011, with an X% increase compared to the previous year. During the reporting period, imports reached a record $X in 2012; however, from 2013 to 2020, imports were slightly lower.
Mexico is the leading importer of fixed-support overhead cranes in Latin America and the Caribbean, importing X units, accounting for about X% of total imports in 2020. Argentina (X units) came second, followed by the British Virgin Islands (X units), Brazil (X units) and Peru (X units). All of these countries together account for about X% of total imports. Costa Rica (X units), Venezuela (X units), Chile (X units), Haití (X unidades), Uruguay (X units), Falkland Islands (Malvinas) (X units) , Curacao (X units) and the Cayman Islands (X units) are far behind the leaders.
From 2007 to 2020, Mexico's imports declined at an average annual rate of -X%. Meanwhile, Curacao (+X%), Falkland Islands (Malvinas) ((+X%), British Virgin Islands (+X%), Uruguay (+X%), Open Cayman Islands (+X%), Haiti (+X%), Peru (+X%), Brazil (+X%) and Argentina (+X%) showed positive growth rates. In addition, Curaçao became Latin American and the fastest growing importing country in the Caribbean, with a CAGR of +X% from 2007 to 2020. Costa Rica experienced a relatively flat trend pattern. In contrast, Venezuela (-X%) and Chile (-X%) ) showed a downward trend over the same period. From 2007 to 2020, the shares of the British Virgin Islands, Peru, Argentina, Brazil, Uruguay, Haiti, the Falkland Islands (Malvinas), Curacao and the Cayman Islands increased +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Mexico (-X pp), Venezuela (-X pp) and Chile (- X pp) has declined. During the period analyzed, the share of other countries has remained relatively stable. In terms of value, Mexico (USD X) is the largest import market of fixed-support overhead cranes in Latin America and the Caribbean, accounting for total imports In second place is Venezuela ($X) with X% of total imports. Next is Argentina with X%. In Mexico, the average annual import of overhead cranes between 2007 and 2020 The growth rate is +X%. The average annual growth rate of imports by the remaining importing countries is as follows: Venezuela (+X% per year) and Argentina (-X% per year).
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