Latin America and the Caribbean: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Latin America and the Caribbean

In 2021, the Latin American digital data processing machine market increased by 30% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Digital Data Processing Machines: Presented In The Form Of Systems in Latin America and the Caribbean

In value terms, digital data processing machine production declined slightly to $X in 2021 estimated in export price. In general, production saw a mild contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports in Latin America and the Caribbean

After two years of growth, shipments abroad of digital data processing machines: presented in the form of systems decreased by -8.2% to X units in 2021. In general, exports saw a noticeable decline. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, digital data processing machine exports reached $X in 2021. Over the period under review, exports continue to indicate a slight setback. The growth pace was the most rapid in 2017 when exports increased by 42% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X units) represented roughly 100% of total exports in 2021.

Mexico was also the fastest-growing in terms of the digital data processing machines: presented in the form of systems exports, with a CAGR of -3.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest digital data processing machine supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to -1.5%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 when the export price increased by 25% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to +2.2% per year.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports in Latin America and the Caribbean

In 2021, purchases abroad of digital data processing machines: presented in the form of systems was finally on the rise to reach X units after eight years of decline. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, digital data processing machine imports soared to $X in 2021. In general, imports, however, saw a pronounced slump. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of digital data processing machines: presented in the form of systems, namely Colombia, Mexico and Chile, represented more than two-thirds of total import. Peru (X units) held the next position in the ranking, followed by Argentina (X units) and Brazil (X units). All these countries together took near 18% share of total imports. Paraguay (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +5.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 62% share of total imports.

Brazil, with a CAGR of +13.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, dropping by -11.9% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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