Latin America and the Caribbean: Market for Mathematical instruments and equipment; n.e.s. in heading no. 9017 2024

Market Size for Mathematical instruments and equipment; n.e.s. in heading no. 9017 in Latin America and the Caribbean

In 2023, the Latin American market for mathematical instruments and equipment; n.e.s. in heading no. Xs decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed a perceptible expansion. Over the period under review, the market attained the maximum level at $X in 2022, and then fell sharply in the following year.

Production of Mathematical instruments and equipment; n.e.s. in heading no. X in Latin America and the Caribbean

In value terms, production of mathematical instruments and equipment; n.e.s. in heading no. Xs contracted significantly to $X in 2023 estimated in export price. In general, production, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production of growth failed to regain momentum.

Exports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Exports in Latin America and the Caribbean

Exports of mathematical instruments and equipment; n.e.s. in heading no. Xs skyrocketed to X units in 2023, surging by X% compared with 2022. Overall, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mathematical instruments and equipment; n.e.s. in heading no. Xs dropped slightly to $X in 2023. Total exports 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. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2022, and then declined slightly in the following year.

Exports by Country

Aruba prevails in Xs structure, resulting at X units, which was near X% of total exports in 2023. It was distantly followed by Mexico (X units), generating a X% share of total exports.

Aruba was also the fastest-growing in terms of the mathematical instruments and equipment; n.e.s. in heading no. Xs exports, with a CAGR of X% from 2012 to 2023. At the same time, Mexico (X%) displayed positive paces of growth. From 2012 to 2023, the share of Aruba increased by X percentage points.

In value terms, Mexico ($X) remains the largest mathematical instruments and equipment; n.e.s. in heading no. X supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Aruba ($X), with less than X% share of total exports.

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

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, dropping by X% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Aruba stood at less than $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Imports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Imports in Latin America and the Caribbean

In 2023, after six years of growth, there was significant decline in overseas purchases of mathematical instruments and equipment; n.e.s. in heading no. Xs, when their volume decreased by X% to X units. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports of reached the peak figure at X units in 2022, and then dropped in the following year.

In value terms, imports of mathematical instruments and equipment; n.e.s. in heading no. Xs contracted to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Paraguay (X units) represented the main importer of mathematical instruments and equipment; n.e.s. in heading no. Xs, generating X% of total imports. It was distantly followed by Aruba (X units), making up an X% share of total imports. The following importers - Peru (X units) and Colombia (X units) - each accounted for a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to mathematical instruments and equipment; n.e.s. in heading no. X imports into Paraguay stood at X%. At the same time, Aruba (X%), Colombia (X%) and Peru (X%) displayed positive paces of growth. Moreover, Aruba emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Paraguay (X p.p.) and Aruba (X p.p.) significantly strengthened its position in terms of the total imports, while Peru saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X), Colombia ($X) and Paraguay ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Paraguay, 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

The import price in Latin America and the Caribbean stood at $X per unit in 2023, approximately reflecting the previous year. Overall, the import price, however, faced a deep slump. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2023, the import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform