MERCOSUR: Electronic Chip Market 2024

Electronic Chip Market Size in MERCOSUR

In 2023, after two years of growth, there was significant decline in the MERCOSUR electronic chip market, when its value decreased by X% to $X. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Electronic Chip Production in MERCOSUR

In value terms, electronic chip production amounted to $X in 2023 estimated in export price. Overall, production, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Electronic Chip Exports

Exports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in overseas shipments of electronic chips, which increased by X% to X units in 2023. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, electronic chip exports expanded sharply to $X in 2023. Total exports indicated a resilient expansion 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, finishing at X units, which was near X% of total exports in 2023. Colombia (X units) took a little share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2023. 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 2012-2023. From 2012 to 2023, the share of Colombia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest electronic chip supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

In Brazil, electronic chip exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Colombia totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Electronic Chip Imports

Imports in MERCOSUR

In 2023, after two years of growth, there was significant decline in supplies from abroad of electronic chips, when their volume decreased by X% to X units. Total imports indicated a measured increase from 2012 to 2023: its volume 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2022, and then shrank in the following year.

In value terms, electronic chip imports declined rapidly to $X in 2023. Total imports indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank notably in the following year.

Imports by Country

Brazil prevails in imports structure, reaching X units, which was approx. X% of total imports in 2023. Argentina (X units) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the electronic chips imports, with a CAGR of X% from 2012 to 2023. Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) constitutes the largest market for imported electronic chips in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Brazil totaled X%.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Argentina ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform