MERCOSUR: Magnetic Card Market 2024

Magnetic Card Market Size in MERCOSUR

The MERCOSUR magnetic card market reduced slightly to $X in 2022, leveling off at the previous year. Over the period under review, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Magnetic Card Production in MERCOSUR

In value terms, magnetic card production shrank notably to $X in 2022 estimated in export price. Over the period under review, production faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Magnetic Card Exports

Exports in MERCOSUR

Magnetic card exports shrank significantly to X units in 2022, waning by X% against 2021. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, magnetic card exports contracted notably to $X in 2022. In general, exports showed a significant curtailment. The smallest decline of X% was in 2020. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil represented the largest exporter of cards incorporating a magnetic stripe in MERCOSUR, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Colombia (X units) took the second position in the ranking, distantly followed by Argentina (X units). All these countries together held approx. X% share of total exports. Chile (X units) and Peru (X units) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X), Colombia ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

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

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per unit), while Chile ($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 a decline in the export price figures.

Magnetic Card Imports

Imports in MERCOSUR

In 2022, supplies from abroad of cards incorporating a magnetic stripe decreased by X% to X units, falling for the fourth year in a row after two years of growth. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, magnetic card imports shrank remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Peru (X units) was the major importer of cards incorporating a magnetic stripe, committing X% of total imports. Brazil (X units) ranks second in terms of the total imports with a X% share, followed by Chile (X%), Argentina (X%), Colombia (X%) and Ecuador (X%). Uruguay (X units) held a little share 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 Colombia (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Peru ($X) constitutes the largest market for imported cards incorporating a magnetic stripe in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Peru, magnetic card imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted sharply in the following year.

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 Uruguay ($X per unit), while Brazil (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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