Latin America and the Caribbean: First-Aid Kit Market 2024

First-Aid Kit Market Size in Latin America and the Caribbean

The Latin American first-aid kit market declined to $X in 2022, waning by -4.2% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

First-Aid Kit Production in Latin America and the Caribbean

In value terms, first-aid kit production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 27%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

First-Aid Kit Exports

Exports in Latin America and the Caribbean

In 2022, the amount of first-aid boxes and kits exported in Latin America and the Caribbean rose rapidly to X tons, increasing by 14% compared with the previous year. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by 25%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, first-aid kit exports soared to $X in 2022. In general, exports, however, continue to indicate a pronounced downturn. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Mexico (X tons), together accounting for 96% of total export.

Mexico was also the fastest-growing in terms of the first-aid boxes and kits exports, with a CAGR of -12.9% from 2012 to 2022. Mexico (-3.7 p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest first-aid kit supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled -3.9%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by 33% against the previous year. Overall, the export price showed prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 86% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, 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 +10.3% per year.

First-Aid Kit Imports

Imports in Latin America and the Caribbean

In 2022, the amount of first-aid boxes and kits imported in Latin America and the Caribbean plummeted to X tons, falling by -16.7% against the previous year. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 110%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, first-aid kit imports contracted significantly to $X in 2022. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 84% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Chile dominates imports structure, resulting at X tons, which was near 67% of total imports in 2022. Panama (X tons), Venezuela (X tons), the Dominican Republic (X tons) and Suriname (X tons) held a little share of total imports.

Chile was also the fastest-growing in terms of the first-aid boxes and kits imports, with a CAGR of +26.9% from 2012 to 2022. At the same time, the Dominican Republic (+16.0%), Panama (+16.0%) and Venezuela (+15.0%) displayed positive paces of growth. By contrast, Suriname (-10.7%) illustrated a downward trend over the same period. While the share of Chile (+49 p.p.) and Panama (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Suriname (-17.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported first-aid boxes and kits in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was taken by Panama ($X), with a 4% share of total imports. It was followed by the Dominican Republic, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile amounted to +23.7%. The remaining importing countries recorded the following average annual rates of imports growth: Panama (+16.2% per year) and the Dominican Republic (+14.4% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, approximately mirroring the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Dominican Republic ($X per ton) and Panama ($X per ton), while Suriname ($X per ton) and Venezuela ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (+12.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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