MERCOSUR: Smart Card Market 2024

Smart Card Market Size in MERCOSUR

The MERCOSUR smart card market dropped slightly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, enjoyed buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Smart Card Production in MERCOSUR

In value terms, smart card production shrank to $X in 2022 estimated in export price. In general, production posted a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Smart Card Exports

Exports in MERCOSUR

In 2022, shipments abroad of cards incorporating an electronic integrated circuit (smart card) increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, smart card exports skyrocketed to $X in 2022. Total exports indicated perceptible 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil represented the key exporter of cards incorporating an electronic integrated circuit (smart card) in MERCOSUR, with the volume of exports recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Colombia (X units), comprising a X% share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Colombia increased by X percentage points.

In value terms, the largest smart card supplying countries in MERCOSUR were Brazil ($X) and Colombia ($X).

In terms of the main exporting countries, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 Colombia ($X per unit), while Brazil amounted to $X per unit.

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

Smart Card Imports

Imports in MERCOSUR

In 2022, the amount of cards incorporating an electronic integrated circuit (smart card) imported in MERCOSUR stood at X units, surging by X% compared with the previous year's figure. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, smart card imports expanded significantly to $X in 2022. Overall, imports, however, saw a perceptible decline. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) was the major importer of cards incorporating an electronic integrated circuit (smart card), mixing up X% of total imports. Colombia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Chile (X%) and Argentina (X%). The following importers - Paraguay (X units) and Uruguay (X units) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to smart card imports into Brazil stood at X%. At the same time, Colombia (X%), Paraguay (X%), Chile (X%), Peru (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. While the share of Colombia (X p.p.), Chile (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest smart card importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Peru ($X), with a combined X% share of total imports. Colombia, Argentina, Uruguay and Paraguay lagged somewhat behind, together comprising a further X%.

Paraguay, with a CAGR of X%, recorded 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 MERCOSUR stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

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 Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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