Latin America and the Caribbean: Market for Machines For The Manufacture Of Flat Panel Displays 2024

Market Size for Machines For The Manufacture Of Flat Panel Displays in Latin America and the Caribbean

After two years of growth, the Latin American panel display manufacturing machine market decreased by X% to $X in 2022. In general, consumption, however, showed a abrupt curtailment. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Production of Machines For The Manufacture Of Flat Panel Displays in Latin America and the Caribbean

In value terms, panel display manufacturing machine production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a sharp downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in Latin America and the Caribbean

In 2022, panel display manufacturing machine exports in Latin America and the Caribbean skyrocketed to X units, picking up by X% on 2021. In general, exports, however, faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine exports reduced rapidly to $X in 2022. Overall, exports, however, showed a dramatic decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X units) represented roughly X% of total exports in 2022.

Guatemala was also the fastest-growing in terms of the machines for the manufacture of flat panel displays exports, with a CAGR of X% from 2012 to 2022. While the share of Guatemala (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2022, the average annual growth rate of value in Guatemala amounted to X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price saw a slight decline. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, 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 Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to X% per year.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in Latin America and the Caribbean

In 2022, the amount of machines for the manufacture of flat panel displays imported in Latin America and the Caribbean fell modestly to X units, approximately mirroring 2021. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, panel display manufacturing machine imports fell rapidly to $X in 2022. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Venezuela was the major importing country with an import of around X units, which finished at X% of total imports. Costa Rica (X units) held the second position in the ranking, distantly followed by Ecuador (X units) and Guatemala (X units). All these countries together held near X% share of total imports. The following importers - Jamaica (X units) and Chile (X units) - together made up X% of total imports.

Venezuela was also the fastest-growing in terms of the machines for the manufacture of flat panel displays imports, with a CAGR of X% from 2012 to 2022. At the same time, Ecuador (X%) and Costa Rica (X%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. By contrast, Guatemala (X%) and Jamaica (X%) illustrated a downward trend over the same period. While the share of Venezuela (X p.p.), Costa Rica (X p.p.), Ecuador (X p.p.) and Jamaica (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest panel display manufacturing machine importing markets in Latin America and the Caribbean were Venezuela ($X), Costa Rica ($X) and Guatemala ($X), together comprising X% of total imports. Chile, Ecuador and Jamaica lagged somewhat behind, together comprising a further X%.

Jamaica, 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price saw a slight decrease. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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