Latin America and the Caribbean: Telephone Market 2024

Telephone Market Size in Latin America and the Caribbean

The Latin American telephone market skyrocketed to $X in 2022, picking up by X% against the previous year. The market 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Telephone Production in Latin America and the Caribbean

In value terms, telephone production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a tangible expansion 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Telephone Exports

Exports in Latin America and the Caribbean

In 2022, the amount of telephones and videophones exported in Latin America and the Caribbean reduced to X units, which is down by X% on the previous year. In general, exports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, telephone exports reached $X in 2022. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico dominates exports structure, amounting to X units, which was near X% of total exports in 2022. Brazil (X units) held the second position in the ranking, followed by Guatemala (X units). All these countries together took near X% share of total exports. Panama (X units) and Chile (X units) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%) and Chile (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Panama (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil and Panama saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest telephone supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, rising by X% against the previous year. Overall, the export price saw a tangible expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. 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 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 Guatemala ($X per unit), while Brazil ($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 mixed trends in the export price figures.

Telephone Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of telephones and videophones increased by X% to X units, rising for the second consecutive year after eight years of decline. Overall, imports, however, showed a pronounced setback. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, telephone imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Guatemala represented the main importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Mexico (X units), Venezuela (X units) and Colombia (X units), together constituting a X% share of total imports. Chile (X units), Brazil (X units), Peru (X units), Argentina (X units) and Ecuador (X units) took a relatively small share of total imports.

Guatemala was also the fastest-growing in terms of the telephones and videophones imports, with a CAGR of X% from 2012 to 2022. At the same time, Venezuela (X%) displayed positive paces of growth. By contrast, Ecuador (X%), Chile (X%), Colombia (X%), Mexico (X%), Peru (X%), Argentina (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Guatemala and Venezuela increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guatemala ($X) constitutes the largest market for imported telephones and videophones in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with an X% share of total imports. It was followed by Venezuela, with a X% share.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price enjoyed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Guatemala ($X per unit), while Colombia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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