Latin America and the Caribbean: Capacitor Market 2024

Capacitor Market Size in Latin America and the Caribbean

The Latin American capacitor market rose significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Capacitor Production in Latin America and the Caribbean

In value terms, capacitor production expanded modestly to $X in 2022 estimated in export price. Overall, production posted a prominent increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Capacitor Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of electrical capacitors were exported in Latin America and the Caribbean; surging by X% compared with 2021. In general, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, capacitor exports rose slightly to $X in 2022. Over the period under review, exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by El Salvador (X units), generating a X% share of total exports. Brazil (X units) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, El Salvador (X%) illustrated a downward trend over the same period. Mexico (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per thousand units, dropping by X% against the previous year. Overall, the export price, however, showed a measured increase. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per thousand units in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per thousand units), while Mexico ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced mixed trends in the export price figures.

Capacitor Imports

Imports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in overseas purchases of electrical capacitors, which increased by X% to X units in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, capacitor imports rose notably to $X in 2022. Total imports indicated prominent growth 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Mexico (X units) was the major importer of electrical capacitors, comprising X% of total imports. Brazil (X units) took the second position in the ranking, distantly followed by Argentina (X units). All these countries together took approx. X% share of total imports.

Mexico was also the fastest-growing in terms of the electrical capacitors imports, with a CAGR of X% from 2012 to 2022. Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. Mexico (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported electrical capacitors in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports.

In Mexico, capacitor imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per thousand units in 2022, rising by X% against the previous year. Import price indicated a measured increase 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, capacitor import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per thousand units), while Argentina ($X per thousand units) 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

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