Latin America and the Caribbean: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Latin America and the Caribbean

The Latin American non-electronic hydro- and hygrometers market declined sharply to $X in 2022, falling by X% against the previous year. Overall, consumption showed a abrupt curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Latin America and the Caribbean

In value terms, non-electronic hydro- and hygrometers production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports in Latin America and the Caribbean

Non-electronic hydro- and hygrometers exports soared to X units in 2022, jumping by X% compared with the previous year's figure. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2022. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

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

Mexico was also the fastest-growing in terms of the non-electronic hydro-, hygro-, psychrometers exports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest non-electronic hydro- and hygrometers supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

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

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports in Latin America and the Caribbean

For the sixth year in a row, LatAmerica and the Caribbean recorded growth in supplies from abroad of non-electronic hydro-, hygro-, psychrometers, which increased by X% to X units in 2022. Overall, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electronic hydro- and hygrometers imports rose significantly to $X in 2022. Total imports indicated buoyant growth 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 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil was the key importing country with an import of about X units, which amounted to X% of total imports. Mexico (X units) held the second position in the ranking, distantly followed by Argentina (X units) and Chile (X units). All these countries together took near X% share of total imports. Colombia (X units) and the Dominican Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported non-electronic hydro-, hygro-, psychrometers in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total imports. It was followed by Brazil, with an X% share.

In Mexico, non-electronic hydro- and hygrometers imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Dominican Republic (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, declining by X% against the previous year. In general, the import price showed a perceptible downturn. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Brazil ($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 a decline in the import price figures.

Source: IndexBox Platform

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