Latin America and the Caribbean: Measuring Instrument Market 2024

Measuring Instrument Market Size in Latin America and the Caribbean

The Latin American measuring instrument market soared to $X in 2022, surging by X% against the previous year. In general, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Measuring Instrument Production in Latin America and the Caribbean

In value terms, measuring instrument production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the third year in a row after three years of decline. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, measuring instrument exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. Brazil (X units) held a relatively small share of total exports.

Mexico was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points.

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

In Mexico, measuring instrument exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, 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 saw a abrupt contraction. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Brazil ($X per unit), while Mexico totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Measuring Instrument Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported in Latin America and the Caribbean; rising by X% against 2021 figures. Overall, imports showed a noticeable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument imports skyrocketed to $X in 2022. Total imports indicated a tangible increase 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 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Mexico represented the largest importer of instruments and apparatus for measuring or checking the flow or level of liquids in Latin America and the Caribbean, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Brazil (X units), committing a X% share of total imports. Colombia (X units), Argentina (X units), Chile (X units) and Peru (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per unit), while Mexico ($X per unit) 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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