MERCOSUR: Pacemaker Market 2024

Pacemaker Market Size in MERCOSUR

After two years of decline, the MERCOSUR pacemaker market increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Pacemaker Production in MERCOSUR

In value terms, pacemaker production rose slightly to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pacemaker Exports

Exports in MERCOSUR

In 2022, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were exported in MERCOSUR; waning by X% on 2021. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, pacemaker exports plummeted to $X in 2022. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Uruguay dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. Argentina (X units), Brazil (X units), Ecuador (X units) and Paraguay (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pacemaker exports from Uruguay stood at X%. At the same time, Paraguay (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay, Ecuador and Paraguay increased by X, X and X percentage points, respectively.

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

In Uruguay, pacemaker exports 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: Argentina (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, increasing by X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price 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, pacemaker export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

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

Pacemaker Imports

Imports in MERCOSUR

Pacemaker imports skyrocketed to X units in 2022, picking up by X% on 2021. The total import volume 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. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pacemaker imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) represented the largest importer of pacemakers for stimulating heart muscles (excl. parts and accessories), creating X% of total imports. Argentina (X units) took the second position in the ranking, followed by Colombia (X units) and Chile (X units). All these countries together held approx. X% share of total imports. Peru (X units), Venezuela (X units) and Uruguay (X units) followed a long way behind the leaders.

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

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

Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Venezuela ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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