Latin America and the Caribbean: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Latin America and the Caribbean

In 2022, the Latin American telephone apparatus market increased by 6.5% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Telephone Apparatus Production in Latin America and the Caribbean

In value terms, telephone apparatus production declined to $X in 2022 estimated in export price. Overall, production, however, saw mild growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 1,124% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Telephone Apparatus Exports

Exports in Latin America and the Caribbean

In 2022, exports of telephone apparatus in Latin America and the Caribbean rose rapidly to X tons, surging by 14% against the year before. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, telephone apparatus exports amounted to $X in 2022. Overall, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico dominates exports structure, accounting for X tons, which was near 94% of total exports in 2022. The following exporters - Panama (X tons) and Brazil (X tons) - each reached a 3.5% share of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of telephone apparatus. At the same time, Panama (+10.0%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +10.0% from 2012-2022. By contrast, Brazil (-10.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by +2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest telephone apparatus supplier in Latin America and the Caribbean, comprising 94% of total exports. The second position in the ranking was held by Brazil ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to -2.8%. In the other countries, the average annual rates were as follows: Brazil (-7.5% per year) and Panama (-3.7% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, which is down by -2.4% against the previous year. In general, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 14%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.0%), while the other leaders experienced a decline in the export price figures.

Telephone Apparatus Imports

Imports in Latin America and the Caribbean

After three years of decline, supplies from abroad of telephone apparatus increased by 10% to X tons in 2022. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 119%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, telephone apparatus imports reached $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of telephone apparatus imports in 2022 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), together recording 62% of total import. Colombia (X tons) took the next position in the ranking, followed by Peru (X tons) and Chile (X tons). All these countries together held approx. 20% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

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 +14.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported telephone apparatus in Latin America and the Caribbean, comprising 35% of total imports. The second position in the ranking was taken by Chile ($X), with a 10% share of total imports. It was followed by Colombia, with a 9.8% share.

In Mexico, telephone apparatus imports contracted by an average annual rate of -1.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+4.8% per year) and Colombia (+7.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, waning by -7.2% against the previous year. In general, the import price saw a mild decline. The pace of growth was the most pronounced in 2014 when the import price increased by 60%. The level of import peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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