MERCOSUR: Electrical Signalling Apparatus Market 2023

Electrical Signalling Apparatus Exports

Exports in MERCOSUR

In 2022, the amount of electrical apparatus for sound or visual signalling exported in MERCOSUR fell to X units, declining by -10% compared with the previous year. Overall, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 83%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports soared to $X in 2022. Over the period under review, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X units) and Colombia (X units) represented roughly 67% of total exports in 2022. It was distantly followed by Chile (X units) and Argentina (X units), together comprising a 23% share of total exports. The following exporters - Ecuador (X units) and Peru (X units) - each recorded a 6.4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ecuador (with a CAGR of +21.0%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest electrical signalling apparatus supplier in MERCOSUR, comprising 59% of total exports. The second position in the ranking was held by Chile ($X), with a 28% share of total exports. It was followed by Colombia, with a 5.2% share.

In Brazil, electrical signalling apparatus exports decreased by an average annual rate of -4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+6.5% per year) and Colombia (-7.0% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, jumping by 54% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+4.7%), while the other leaders experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports in MERCOSUR

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported in MERCOSUR; rising by 15% on the previous year. In general, imports, however, showed a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus imports rose modestly to $X in 2022. Over the period under review, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X units) and Brazil (X units) represented the largest importers of electrical apparatus for sound or visual signalling in MERCOSUR, together committing 56% of total imports. It was distantly followed by Colombia (X units) and Peru (X units), together making up a 26% share of total imports. The following importers - Ecuador (X units), Uruguay (X units) and Chile (X units) - each amounted to a 12% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Argentina (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical signalling apparatus importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Chile ($X), with a combined 75% share of total imports.

Argentina, with a CAGR of +7.2%, saw the highest rates of growth with regard to 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

In 2022, the import price in MERCOSUR amounted to $X per unit, falling by -10.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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