Latin America and the Caribbean: Shank Metal Milling Tools Market 2020

Shank Metal Milling Tools Market Size in Latin America and the Caribbean

The revenue of the shank metal milling tools market in Latin America and the Caribbean amounted to $X in 2017, rising by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. In that year, the shank metal milling tools market reached their peak level, and is likely to continue its growth in the immediate term.

Shank Metal Milling Tools Production in Latin America and the Caribbean

In 2017, production of shank type milling tools for working metal in Latin America and the Caribbean totaled X units, flattening at the previous year. The shank metal milling tools production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when the output figure increased by X% y-o-y. The volume of shank metal milling tools production peaked in 2017, and is likely to see steady growth in the near future.

Shank Metal Milling Tools Exports in Latin America and the Caribbean

In 2017, approx. X units of shank type milling tools for working metal were exported in Latin America and the Caribbean; going down by -X% against the previous year. The shank metal milling tools exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. In that year, the shank metal milling tools exports reached their peak volume of X units, and then declined slightly in the following year.

In value terms, shank metal milling tools exports totaled $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. In that year, the shank metal milling tools exports reached their peak level of $X. From 2015 to 2017, growth of the shank metal milling tools exports stood at a somewhat lower level.

Shank Metal Milling Tools Exports by Country in Latin America and the Caribbean

Brazil represented the main exporter of shank type milling tools for working metal in Latin America and the Caribbean, with the volume of exports recording X units, which was approx. X% of total exports in 2017. Mexico (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%). Belize (X units) occupied the weak share of total exports.

From 2007 to 2017, average annual rates of growth with regard to shank metal milling tools exports from Brazil stood at -X%. At the same time, Belize (+X%), Mexico (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Belize emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Brazil increased by X% percentage points, while Argentina (-X%), Belize (-X%) and Mexico (-X%) saw their share reduced.

In value terms, Brazil ($X) remains the largest shank metal milling tools supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Brazil, shank metal milling tools exports shrank by an average annual rate of -X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+X% per year) and Argentina (+X% per year).

Shank Metal Milling Tools Export Prices by Country in Latin America and the Caribbean

In 2017, the shank metal milling tools export price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, an increase of X% y-o-y. The level of export price peaked of $X per unit in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Belize ($X per unit) and Mexico ($X per unit), while Argentina ($X per unit) and Brazil ($X per unit) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Shank Metal Milling Tools Imports in Latin America and the Caribbean

In 2017, the amount of shank type milling tools for working metal imported in Latin America and the Caribbean amounted to X units, increasing by X% against the previous year. The total imports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the shank metal milling tools imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010, when imports increased by X% year-to-year. The volume of imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, shank metal milling tools imports amounted to $X in 2017. The total imports indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the shank metal milling tools imports increased by +X% against 2015 indices. The level of imports peaked in 2017, and are likely to see steady growth in the near future.

Shank Metal Milling Tools Imports by Country in Latin America and the Caribbean

Mexico was the major importer of shank type milling tools for working metal in Latin America and the Caribbean, with the volume of imports resulting at X units, which was approx. X% of total imports in 2017. Brazil (X units) took a X% share (based on tons) of total imports, which put it in second place, followed by Argentina (X%) and Chile (X%). Colombia (X units) followed a long way behind the leaders.

Mexico was also the fastest growing in terms of the shank type milling tools for working metal imports, with a CAGR of +X% from 2007 to 2017. At the same time, Chile (+X%) and Argentina (+X%) displayed positive paces of growth. By contrast, Colombia (-X%) and Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Brazil increased by X% percentage points, while Chile (-X%), Argentina (-X%) and Mexico (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported shank type milling tools for working metal in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Argentina, with a X% share.

In Mexico, shank metal milling tools imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Argentina (-X% per year).

Shank Metal Milling Tools Import Prices by Country in Latin America and the Caribbean

In 2017, the shank metal milling tools import price in Latin America and the Caribbean amounted to $X per unit, increasing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when the import prices increased by X% year-to-year. Over the period under review, the import prices for shank type milling tools for working metal reached its peak figure level of $X per unit in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Colombia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform