MERCOSUR: Measuring Instrument Market 2024

Measuring Instrument Market Size in MERCOSUR

The MERCOSUR measuring instrument market soared to $X in 2022, rising by X% against the previous year. The total consumption indicated a measured 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Measuring Instrument Production in MERCOSUR

In value terms, measuring instrument production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Measuring Instrument Exports

Exports in MERCOSUR

In 2022, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, measuring instrument exports soared to $X in 2022. Total exports indicated a modest 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 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. Argentina (X units) took a little share of total exports.

Brazil was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids exports, with a CAGR of X% from 2012 to 2022. Argentina (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Argentina totaled $X per unit.

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

Measuring Instrument Imports

Imports in MERCOSUR

In 2022, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported in MERCOSUR; surging by X% compared with the previous year's figure. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, measuring instrument imports surged to $X in 2022. Total imports indicated pronounced 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, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Brazil dominates imports structure, accounting for X units, which was near X% of total imports in 2022. Colombia (X units) took the second position in the ranking, followed by Argentina (X units), Chile (X units) and Peru (X units). All these countries together held near X% share of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to measuring instrument imports into Brazil stood at X%. At the same time, Colombia (X%), Ecuador (X%), Chile (X%), Argentina (X%) and Peru (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. From 2012 to 2022, the share of Brazil and Colombia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, measuring instrument imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Chile (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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