Latin America and the Caribbean: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Latin America and the Caribbean

In 2022, after five years of decline, there was significant growth in the Latin American electrical signalling apparatus market, when its value increased by 12% to $X. Overall, consumption recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Electrical Signalling Apparatus Production in Latin America and the Caribbean

In value terms, electrical signalling apparatus production rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports in Latin America and the Caribbean

After three years of growth, shipments abroad of electrical apparatus for sound or visual signalling decreased by -61.5% to X units in 2022. Over the period under review, exports, however, continue to indicate slight growth. The pace of growth appeared the most rapid in 2021 when exports increased by 242%. As a result, the exports reached the peak of X units, and then declined sharply in the following year.

In value terms, electrical signalling apparatus exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 50%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Mexico dominates exports structure, finishing at X units, which was approx. 92% of total exports in 2022. Panama (X units) held a little share of total exports.

Mexico was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling exports, with a CAGR of +6.3% from 2012 to 2022. Panama (-6.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by +34 percentage points.

In value terms, Mexico ($X) remains the largest electrical signalling apparatus supplier in Latin America and the Caribbean, comprising 97% of total exports. The second position in the ranking was held by Panama ($X), with a 0.5% share of total exports.

In Mexico, electrical signalling apparatus exports increased at an average annual rate of +18.0% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by 250% against the previous year. Overall, the export price posted a buoyant increase. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.0%).

Electrical Signalling Apparatus Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of electrical apparatus for sound or visual signalling increased by 0.5% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electrical signalling apparatus imports expanded significantly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of electrical apparatus for sound or visual signalling, namely Mexico, Argentina and Brazil, represented more than half of total import. Colombia (X units) held the next position in the ranking, followed by Peru (X units) and Guatemala (X units). All these countries together took approx. 20% share of total imports. The following importers - Ecuador (X units), Uruguay (X units), Chile (X units), Panama (X units), Costa Rica (X units) and Paraguay (X units) - each finished at a 13% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported electrical apparatus for sound or visual signalling in Latin America and the Caribbean, comprising 54% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Argentina, with a 7.5% share.

In Mexico, electrical signalling apparatus imports expanded at an average annual rate of +2.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+0.7% per year) and Argentina (+7.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :