Latin America and the Caribbean: Resistor Market 2024

Resistor Market Size in Latin America and the Caribbean

The Latin American resistor market soared to $X in 2022, increasing by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Resistor Production in Latin America and the Caribbean

In value terms, resistor production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Resistor Exports

Exports in Latin America and the Caribbean

In 2022, the amount of electrical resistors (except heating resistors) exported in Latin America and the Caribbean rose slightly to X units, picking up by X% against 2021 figures. Over the period under review, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, resistor exports rose remarkably to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Mexico represented the largest exporting country with an export of about X units, which resulted at X% of total exports. Costa Rica (X units) held the second position in the ranking, followed by Brazil (X units). All these countries together held approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to resistor exports from Mexico stood at X%. At the same time, Costa Rica (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. While the share of Costa Rica (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics.

In value terms, the largest resistor supplying countries in Latin America and the Caribbean were Mexico ($X), Costa Rica ($X) and Brazil ($X), together accounting for X% of total exports.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per thousand units in 2022, picking up by X% against the previous year. In general, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per thousand units in 2018; however, from 2019 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 Costa Rica ($X per thousand units), while Brazil ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Resistor Imports

Imports in Latin America and the Caribbean

In 2022, imports of electrical resistors (except heating resistors) in Latin America and the Caribbean skyrocketed to X units, with an increase of X% on 2021 figures. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, resistor imports amounted to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Mexico (X units) was the largest importer of electrical resistors (except heating resistors) in Latin America and the Caribbean, making up X% of total import.

Mexico was also the fastest-growing in terms of the electrical resistors (except heating resistors) imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Mexico increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported electrical resistors (except heating resistors) in Latin America and the Caribbean.

In Mexico, resistor imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per thousand units, waning by X% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Source: IndexBox Platform

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