Latin America and the Caribbean: Electronic Metal Tester Market 2023

Electronic Metal Tester Market Size in Latin America and the Caribbean

In 2021, the Latin American electronic metal tester market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a perceptible slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Electronic Metal Tester Production in Latin America and the Caribbean

In value terms, electronic metal tester production rose significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by 66% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Electronic Metal Tester Exports

Exports in Latin America and the Caribbean

In 2021, the amount of electronic machines and appliances for testing metals exported in Latin America and the Caribbean reduced markedly to X units, which is down by -27% against the previous year's figure. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic metal tester exports shrank notably to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Brazil (X units) and El Salvador (X units) represented the major exporters of electronic machines and appliances for testing metals in Latin America and the Caribbean, together amounting to approx. 60% of total exports. Mexico (X units) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Guatemala (7.2%). The following exporters - Bolivia (X units), Ecuador (X units), Argentina (X units), Chile (X units) and Jamaica (X units) - together made up 16% of total exports.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +47.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest electronic metal tester supplier in Latin America and the Caribbean, comprising 64% of total exports. The second position in the ranking was held by Mexico ($X), with a 12% share of total exports. It was followed by Argentina, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to -12.3%. In the other countries, the average annual rates were as follows: Mexico (+0.5% per year) and Argentina (-25.8% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, shrinking by -27.6% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 61%. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Jamaica ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jamaica (+15.8%), while the other leaders experienced mixed trends in the export price figures.

Electronic Metal Tester Imports

Imports in Latin America and the Caribbean

In 2021, approx. X units of electronic machines and appliances for testing metals were imported in Latin America and the Caribbean; picking up by 9.4% against 2020. Over the period under review, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 16% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electronic metal tester imports soared to $X in 2021. In general, imports, however, continue to indicate a deep downturn. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X units) and Mexico (X units) represented roughly 51% of total imports in 2021. Guatemala (X units) took a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (9.2%) and Chile (6.7%). Peru (X units), Colombia (X units), Saint Vincent and the Grenadines (X units), the Dominican Republic (X units), Uruguay (X units) and El Salvador (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saint Vincent and the Grenadines (with a CAGR of +84.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported electronic machines and appliances for testing metals in Latin America and the Caribbean, comprising 54% of total imports. The second position in the ranking was taken by Brazil ($X), with a 25% share of total imports. It was followed by Peru, with a 4% share.

In Mexico, electronic metal tester imports decreased by an average annual rate of -2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-11.5% per year) and Peru (+2.5% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, picking up by 11% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while Saint Vincent and the Grenadines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+24.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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