Latin America and the Caribbean: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Latin America and the Caribbean

The Latin American market for non-electronic instruments for measuring or checking variables of liquids or gases surged to $X in 2023, growing by X% against the previous year. The total consumption indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Latin America and the Caribbean

In value terms, non-electronic liquid or gas measurer production rose modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in shipments abroad of non-electronic instruments for measuring or checking variables of liquids or gases, when their volume decreased by X% to X units. In general, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X units, and then fell significantly in the following year.

In value terms, non-electronic liquid or gas measurer exports soared to $X in 2023. Over the period under review, exports, however, showed a pronounced expansion. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, Mexico (X units) represented the main exporter of non-electronic instruments for measuring or checking variables of liquids or gases in Latin America and the Caribbean, creating X% of total export.

Mexico was also the fastest-growing in terms of the non-electronic instruments for measuring or checking variables of liquids or gases exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest non-electronic liquid or gas measurer supplier in Latin America and the Caribbean.

From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. In general, the export price recorded a resilient increase. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2023, the rate of growth in terms of prices for Mexico amounted to X% per year.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports in Latin America and the Caribbean

In 2023, approx. X units of non-electronic instruments for measuring or checking variables of liquids or gases were imported in Latin America and the Caribbean; reducing by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer imports skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X units) and Brazil (X units) dominates imports structure, together committing X% of total imports. It was distantly followed by Aruba (X units), constituting a X% share of total imports. The following importers - Paraguay (X units), Argentina (X units), the Dominican Republic (X units) and Peru (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Aruba (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and the Dominican Republic ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

The Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 2023, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. Import price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, non-electronic liquid or gas measurer import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform