Latin America and the Caribbean: Travel Set Market 2024

Travel Set Market Size in Latin America and the Caribbean

The Latin American travel set market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption saw a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Travel Set Production in Latin America and the Caribbean

In value terms, travel set production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Travel Set Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of travel sets was finally on the rise to reach X units after three years of decline. In general, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by X%. 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, travel set exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Colombia (X units) was the major exporter of travel sets, generating X% of total exports. Panama (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%). Costa Rica (X units), Mexico (X units), Guatemala (X units) and Ecuador (X units) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the travel sets exports, with a CAGR of X% from 2012 to 2022. At the same time, Ecuador (X%), Brazil (X%) and Costa Rica (X%) displayed positive paces of growth. By contrast, Guatemala (X%), Mexico (X%) and Panama (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, Brazil, Costa Rica and Ecuador increased by X, 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 travel set supplying countries in Latin America and the Caribbean were Panama ($X), Colombia ($X) and Brazil ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Colombia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

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

Travel Set Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of travel sets were finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, showed a abrupt contraction. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, travel set imports totaled $X in 2022. In general, imports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X units), distantly followed by the Dominican Republic (X units), Argentina (X units), Guatemala (X units), Venezuela (X units), Colombia (X units), Mexico (X units), Chile (X units) and Peru (X units) were the key importers of travel sets, together generating X% of total imports.

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

In value terms, the largest travel set importing markets in Latin America and the Caribbean were Guatemala ($X), Mexico ($X) and Venezuela ($X), with a combined X% share of total imports.

Guatemala, with a CAGR of X%, saw 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

The import price in Latin America and the Caribbean stood at $X per unit in 2022, with a decrease of X% 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. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, 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 the Dominican Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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