MERCOSUR: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in MERCOSUR

In 2022, the MERCOSUR diagnostic equipment market increased by X% to $X, rising for the fifth year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Diagnostic Equipment Production in MERCOSUR

In value terms, diagnostic equipment production expanded modestly to $X in 2022 estimated in export price. In general, production posted a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Diagnostic Equipment Exports

Exports in MERCOSUR

In 2022, diagnostic equipment exports in MERCOSUR skyrocketed to X units, jumping by X% on the previous year. Total exports indicated a measured increase from 2012 to 2022: its volume 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, diagnostic equipment exports surged to $X in 2022. Total exports indicated a buoyant increase 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Brazil (X units) was the largest exporter of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, mixing up X% of total exports. It was distantly followed by Argentina (X units) and Uruguay (X units), together creating a X% share of total exports. Colombia (X units), Chile (X units) and Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to diagnostic equipment exports from Brazil stood at X%. At the same time, Ecuador (X%), Chile (X%), Uruguay (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Chile (X p.p.), Uruguay (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest diagnostic equipment supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

In Brazil, diagnostic equipment exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Colombia ($X per unit), while Argentina ($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 (X%), while the other leaders experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports in MERCOSUR

In 2022, purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by X% to X units, rising for the sixth year in a row after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, diagnostic equipment imports stood at $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) represented the main importer of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, generating X% of total imports. It was distantly followed by Ecuador (X units), Argentina (X units), Colombia (X units), Peru (X units) and Chile (X units), together comprising a X% share of total imports. Guyana (X units) held a relatively small share of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, diagnostic equipment imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a noticeable descent. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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