Latin America and the Caribbean: Electric Racing Set Market 2020

Electric Racing Set Market Size in Latin America and the Caribbean

The revenue of the electric racing set market in Latin America and the Caribbean amounted to $X in 2017, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The electric racing set consumption continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014, when it surged by X% year-to-year. Over the period under review, the electric racing set market reached its peak figure level in 2017, and is likely to continue its growth in the near future.

Electric Racing Set Exports in Latin America and the Caribbean

In 2017, exports of electric car racing sets in Latin America and the Caribbean stood at X units, rising by X% against the previous year. The electric racing set exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012, when exports increased by X% against the previous year. Over the period under review, the electric racing set exports attained its maximum volume of X units in 2009; however, from 2010 to 2017, it failed to regain its momentum.

In value terms, electric racing set exports totaled $X in 2017. The electric racing set exports continue to indicate a drastic deduction. In that year, the electric racing set exports attained their peak level of $X. From 2009 to 2017, growth of the electric racing set exports failed to regain its momentum.

Electric Racing Set Exports by Country in Latin America and the Caribbean

Mexico represented the major exporter of electric car racing sets in Latin America and the Caribbean, with the volume of exports recording X units, which was approx. X% of total exports in 2017. Chile (X units) held the second position in the ranking, followed by Uruguay (X units). All these countries together held near X% share of total exports. Brazil (X units) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Uruguay (+X%), Chile (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Mexico (X%) significantly strengthened its position in terms of the global exports, while Uruguay and Chile saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest electric racing set supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Chile ($X), with a X% share of global exports. It was followed by Uruguay, with a X% share.

In Mexico, electric racing set exports contracted by an average annual rate of -X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+X% per year) and Uruguay (+X% per year).

Electric Racing Set Export Prices by Country in Latin America and the Caribbean

In 2017, the electric racing set export price in Latin America and the Caribbean amounted to $X per unit, declining by -X% against the previous year. The electric racing set export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% y-o-y. The level of export price peaked of $X per unit in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Mexico ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Uruguay (-X% per year), while the other leaders experienced a decline in the export price figures.

Electric Racing Set Imports in Latin America and the Caribbean

The imports amounted to X units in 2017, growing by X% against the previous year. The electric racing set imports continue to indicate an abrupt contraction. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, the electric racing set imports reached its peak figure volume of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, electric racing set imports amounted to $X in 2017. The electric racing set imports continue to indicate an abrupt contraction. In that year, the electric racing set imports attained their peak level of $X. From 2009 to 2017, growth of the electric racing set imports failed to regain its momentum.

Electric Racing Set Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X units) and Chile (X units) were the largest importers of electric car racing sets in the globe, together constituting X% of total imports. It was distantly followed by Colombia (X units), Uruguay (X units), Brazil (X units) and Peru (X units), together creating X% share of total imports. Argentina (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

Chile (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Electric Racing Set Import Prices by Country in Latin America and the Caribbean

In 2017, the electric racing set import price in Latin America and the Caribbean amounted to $X per unit, going down by -X% against the previous year. The electric racing set import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, an increase of X% against the previous year. The level of import price peaked of $X per unit in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Argentina ($X per thousand units), while Uruguay ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform