Latin America and the Caribbean: Vehicle Sound Signalling Equipment Market 2020

Vehicle Sound Signalling Equipment Market Size in Latin America and the Caribbean

The revenue of the vehicle sound signalling equipment market in Latin America and the Caribbean amounted to $X in 2017, waning by -X% against the previous year. The vehicle sound signalling equipment consumption continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2009, when market value increased by X% y-o-y. Over the period under review, the vehicle sound signalling equipment market attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Vehicle Sound Signalling Equipment Production in Latin America and the Caribbean

In 2017, vehicle sound signalling equipment production in Latin America and the Caribbean stood at X units, lowering by -X% against the previous year. The vehicle sound signalling equipment production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, with an increase of X% y-o-y. Over the period under review, the vehicle sound signalling equipment production reached its peak figure volume of X units in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Vehicle Sound Signalling Equipment Exports in Latin America and the Caribbean

In 2017, vehicle sound signalling equipment exports in Latin America and the Caribbean totaled X units, jumping by X% against the previous year. The total exports indicated a mild expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vehicle sound signalling equipment exports increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2012, when exports increased by X% against the previous year. Over the period under review, the vehicle sound signalling equipment exports attained its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, vehicle sound signalling equipment exports totaled $X in 2017. The vehicle sound signalling equipment exports continue to indicate a significant increase. Over the period under review, the vehicle sound signalling equipment exports attained its peak figure level in 2017, and are likely to see steady growth in the near future.

Vehicle Sound Signalling Equipment Exports by Country in Latin America and the Caribbean

Mexico dominates vehicle sound signalling equipment exports structure, resulting at X units, which was approx. X% of total exports in 2017. Brazil (X units) followed a long way behind the leaders.

Mexico was also the fastest growing in terms of the electrical sound signalling equipment for motorcycles or motor vehicles exports, with a CAGR of +X% from 2007 to 2017. Brazil (-X%) illustrated a downward trend over the same period. While the share of Brazil (X%) increased significantly in terms of the global exports from 2007-2017, the share of Mexico (-X%) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest vehicle sound signalling equipment supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports.

In Mexico, vehicle sound signalling equipment exports increased at an average annual rate of +X% over the period from 2007-2017.

Vehicle Sound Signalling Equipment Export Prices by Country in Latin America and the Caribbean

In 2017, the vehicle sound signalling equipment export price in Latin America and the Caribbean amounted to $X per unit, reducing by -X% against the previous year. The export price indicated a measured growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vehicle sound signalling equipment export price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2009, when it surged by X% year-to-year. Over the period under review, the export prices for electrical sound signalling equipment for motorcycles or motor vehicles reached its maximum level of $X per unit in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Brazil ($X per unit) and Mexico ($X per unit), while Mexico ($X per unit) and Brazil ($X per unit) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year).

Vehicle Sound Signalling Equipment Imports in Latin America and the Caribbean

In 2017, imports of electrical sound signalling equipment for motorcycles or motor vehicles in Latin America and the Caribbean totaled X units, surging by X% against the previous year. The total imports indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vehicle sound signalling equipment imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. Over the period under review, the vehicle sound signalling equipment imports attained its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, vehicle sound signalling equipment imports stood at $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vehicle sound signalling equipment imports increased by +X% against 2009 indices. Over the period under review, the vehicle sound signalling equipment imports reached its maximum level in 2017, and are likely to continue its growth in the near future.

Vehicle Sound Signalling Equipment Imports by Country in Latin America and the Caribbean

Mexico represented the major importing country with an import of around X units, which resulted at X% of total imports. Brazil (X units) occupied the second position in the ranking, distantly followed by Argentina (X units). All these countries together occupied near X% share of total imports. Colombia (X units) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to vehicle sound signalling equipment imports into Mexico stood at +X%. At the same time, Colombia (+X%), Brazil (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. While the share of Colombia (-X%), Argentina (-X%), Brazil (-X%) and Mexico (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported electrical sound signalling equipment for motorcycles or motor vehicles in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Argentina, with a X% share.

In Mexico, vehicle sound signalling equipment imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Argentina (+X% per year).

Vehicle Sound Signalling Equipment Import Prices by Country in Latin America and the Caribbean

The vehicle sound signalling equipment import price in Latin America and the Caribbean stood at $X per thousand units in 2017, increasing by X% against the previous year. The vehicle sound signalling equipment import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the import prices for electrical sound signalling equipment for motorcycles or motor vehicles reached its maximum level of $X per thousand units in 2014; however, from 2015 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 Mexico ($X per thousand units), while Colombia ($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 Mexico (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform