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Report Latin America and the Caribbean - Cards Incorporating A Magnetic Stripe - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Latin America and the Caribbean - Cards Incorporating A Magnetic Stripe - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Magnetic Card Market 2025

Magnetic Card Market Size in Latin America and the Caribbean

The Latin American magnetic card market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, showed a abrupt slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Magnetic Card Production in Latin America and the Caribbean

In value terms, magnetic card production soared to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Magnetic Card Exports

Exports in Latin America and the Caribbean

In 2021, exports of cards incorporating a magnetic stripe in Latin America and the Caribbean plummeted to X units, which is down by -80.6% on 2020 figures. Overall, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by 289%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, magnetic card exports contracted rapidly to $X in 2021. Over the period under review, exports saw a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 202% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Colombia (X units), distantly followed by Brazil (X units), Panama (X units), Mexico (X units) and Argentina (X units) represented the main exporters of cards incorporating a magnetic stripe, together constituting 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of -16.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Panama ($X) emerged as the largest magnetic card supplier in Latin America and the Caribbean, comprising 52% of total exports. The second position in the ranking was taken by Colombia ($X), with an 18% share of total exports. It was followed by Brazil, with a 9.6% share.

In Panama, magnetic card exports increased at an average annual rate of +4.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-21.8% per year) and Brazil (-19.5% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, picking up by 60% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+30.9%), while the other leaders experienced mixed trends in the export price figures.

Magnetic Card Imports

Imports in Latin America and the Caribbean

In 2021, magnetic card imports in Latin America and the Caribbean dropped sharply to X units, which is down by -38.4% against the previous year. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 28% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic card imports reduced notably to $X in 2021. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X units) represented the major importer of cards incorporating a magnetic stripe, achieving 46% of total imports. It was distantly followed by Brazil (X units) and Peru (X units), together achieving a 31% share of total imports. The following importers - Chile (X units), Colombia (X units), Belize (X units) and Argentina (X units) - each accounted for an 8.5% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belize (with a CAGR of +18.8%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Mexico ($X) constitutes the largest market for imported cards incorporating a magnetic stripe in Latin America and the Caribbean, comprising 33% of total imports. The second position in the ranking was held by Chile ($X), with a 5% share of total imports. It was followed by Peru, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico totaled -9.1%. In the other countries, the average annual rates were as follows: Chile (-7.5% per year) and Peru (-19.4% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, waning by -1.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 when the import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+16.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of magnetic card consumption was Mexico, comprising approx. 45% of total volume. Moreover, magnetic card consumption in Mexico exceeded the figures recorded by the second-largest consumer, Argentina, twofold. Colombia ranked third in terms of total consumption with a 13% share.
Mexico constituted the country with the largest volume of magnetic card production, accounting for 55% of total volume. Moreover, magnetic card production in Mexico exceeded the figures recorded by the second-largest producer, Argentina, twofold. Colombia ranked third in terms of total production with a 17% share.
In value terms, Mexico remains the largest magnetic card supplier in Latin America and the Caribbean, comprising 54% of total exports. The second position in the ranking was occupied by Panama, with a 20% share of total exports. It was followed by Colombia, with an 11% share.
In value terms, Mexico constitutes the largest market for imported cards incorporating a magnetic stripe in Latin America and the Caribbean, comprising 28% of total imports. The second position in the ranking was occupied by Honduras, with an 11% share of total imports. It was followed by Jamaica, with an 11% share.
In 2020, the magnetic card export price in Latin America and the Caribbean amounted to $0.3 per unit, reducing by -32.7% against the previous year.
In 2020, the magnetic card import price in Latin America and the Caribbean amounted to $0.3 per unit, which is down by -5.9% against the previous year.

This report provides an in-depth analysis of the magnetic card market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26801400 - Cards incorporating a magnetic stripe

Country coverage:

  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Aruba
  • Bahamas
  • Barbados
  • Belize
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Cuba
  • Curacao
  • Dominica
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Falkland Islands (Malvinas)
  • French Guiana
  • Grenada
  • Guadeloupe
  • Guatemala
  • Guyana
  • Haiti
  • Honduras
  • Jamaica
  • Martinique
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Saint Maarten (Dutch part)
  • Suriname
  • Trinidad and Tobago
  • Turks and Caicos Islands
  • United States Virgin Islands
  • Uruguay
  • Venezuela
  • Puerto Rico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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