Latin America and the Caribbean: X-Ray Tube Market 2024

X-Ray Tube Market Size in Latin America and the Caribbean

In 2023, after three years of growth, there was decline in the Latin American x-ray tube market, when its value decreased by X% to $X. The total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

X-Ray Tube Production in Latin America and the Caribbean

In value terms, x-ray tube production dropped significantly to $X in 2023 estimated in export price. Over the period under review, production, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

X-Ray Tube Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of x-ray tubes increased by X% to X units, rising for the third year in a row after four years of decline. Over the period under review, exports, however, showed a noticeable decrease. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, x-ray tube exports amounted to $X in 2023. In general, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Brazil (X units) represented the key exporter of x-ray tubes, mixing up X% of total exports. It was distantly followed by Mexico (X units), creating a X% share of total exports. Chile (X units) and Argentina (X units) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the x-ray tubes exports, with a CAGR of X% from 2012 to 2023. Chile (X%), Argentina (X%) and Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Chile ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the export price figures.

X-Ray Tube Imports

Imports in Latin America and the Caribbean

After three years of growth, purchases abroad of x-ray tubes decreased by X% to X units in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, x-ray tube imports amounted to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X units) was the key importer of x-ray tubes, achieving X% of total imports. Mexico (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%). Chile (X units) and Colombia (X units) held a relatively small share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%), Colombia (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Mexico (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Argentina (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest x-ray tube importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), together comprising X% of total imports. Chile and Colombia lagged somewhat behind, together accounting for a further X%.

Chile, 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

In 2023, the import 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 import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform