Latin America and the Caribbean: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in Latin America and the Caribbean

In 2022, after five years of growth, there was significant decline in the Latin American network communications equipment market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed noticeable growth. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Network Communications Equipment Production in Latin America and the Caribbean

In value terms, network communications equipment production declined remarkably to $X in 2022 estimated in export price. In general, production, however, showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Network Communications Equipment Exports

Exports in Latin America and the Caribbean

After eight years of growth, overseas shipments of network communications equipment decreased by X% to X units in 2022. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell in the following year.

In value terms, network communications equipment exports expanded notably to $X in 2022. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Mexico (X units), together accounting for X% of total export.

Mexico was also the fastest-growing in terms of the network communications equipment exports, with a CAGR of X% from 2012 to 2022. Mexico (X p.p.) significantly strengthened 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) also remains the largest network communications equipment supplier in Latin America and the Caribbean.

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

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

Network Communications Equipment Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of network communications equipment decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, network communications equipment imports shrank to $X in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Mexico prevails in imports structure, reaching X units, which was approx. X% of total imports in 2022. Brazil (X units) and Argentina (X units) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the network communications equipment imports, with a CAGR of X% from 2012 to 2022. Argentina experienced a relatively flat trend pattern. Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported network communications equipment in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, remaining constant against the previous year. Import price indicated a tangible expansion 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, network communications equipment import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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