Latin America and the Caribbean: Multimeter Market 2024

Multimeter Market Size in Latin America and the Caribbean

The Latin American multimeter market fell to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Multimeter Production in Latin America and the Caribbean

In value terms, multimeter production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Multimeter Exports

Exports in Latin America and the Caribbean

After three years of growth, overseas shipments of multimeters decreased by X% to X units in 2022. Overall, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, multimeter exports skyrocketed 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 remained relatively stable, with only minor fluctuations being recorded in certain years. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala was the key exporting country with an export of around X units, which recorded X% of total exports. Mexico (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Barbados (X%). Paraguay (X units) and Brazil (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to multimeter exports from Guatemala stood at X%. At the same time, Barbados (X%), Brazil (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Barbados emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Guatemala, Barbados and Paraguay increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest multimeter supplying countries in Latin America and the Caribbean were Barbados ($X), Mexico ($X) and Brazil ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Barbados, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

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

Multimeter Imports

Imports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in purchases abroad of multimeters, which increased by X% to X units in 2022. Total imports indicated a measured expansion from 2012 to 2022: its volume 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 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, multimeter imports amounted to $X in 2022. The total import 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 in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Brazil represented the major importing country with an import of around X units, which reached X% of total imports. Mexico (X units) ranks second in terms of the total imports with an X% share, followed by Argentina (X%) and Paraguay (X%). Chile (X units), Belize (X units), Peru (X units), Ecuador (X units), Guatemala (X units), El Salvador (X units) and Costa Rica (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to multimeter imports into Brazil stood at X%. At the same time, Belize (X%), Paraguay (X%), El Salvador (X%), Costa Rica (X%), Argentina (X%), Ecuador (X%), Guatemala (X%), Mexico (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Belize emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina (X p.p.), Paraguay (X p.p.) and Belize (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest multimeter importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for X% of total imports. Chile, Peru, Costa Rica, El Salvador, Ecuador, Paraguay, Guatemala and Belize lagged somewhat behind, together comprising a further X%.

Belize, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 ($X per unit), while Belize ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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