Latin America and the Caribbean: Line Telephone Market 2024

Line Telephone Market Size in Latin America and the Caribbean

After three years of growth, the Latin American line telephone market decreased by -0.8% to $X in 2022. Overall, consumption continues to indicate a noticeable setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Line Telephone Production in Latin America and the Caribbean

In value terms, line telephone production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decrease. The pace of growth appeared the most rapid in 2019 with an increase of 18% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Line Telephone Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of line telephone sets with cordless handsets decreased by -87.9% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a dramatic downturn. The growth pace was the most rapid in 2019 with an increase of 224% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, line telephone exports dropped notably to $X in 2022. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2019 when exports increased by 308% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Chile (X units) and Mexico (X units) represented the main exporters of line telephone sets with cordless handsets in Latin America and the Caribbean, together amounting to approx. 60% of total exports. Brazil (X units) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Panama (14%) and El Salvador (4.9%). The Dominican Republic (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by El Salvador (with a CAGR of +29.4%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the largest line telephone supplier in Latin America and the Caribbean, comprising 52% of total exports. The second position in the ranking was held by Chile ($X), with a 20% share of total exports. It was followed by Panama, with an 11% share.

In Mexico, line telephone exports contracted by an average annual rate of -21.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+15.4% per year) and Panama (-33.1% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, waning by -28.4% against the previous year. In general, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 31% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 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 Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+9.9%), while the other leaders experienced more modest paces of growth.

Line Telephone Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of line telephone sets with cordless handsets were imported in Latin America and the Caribbean; falling by -25.1% compared with the previous year. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, line telephone imports fell remarkably to $X in 2022. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 58%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Venezuela (X units), distantly followed by Mexico (X units), Colombia (X units) and Chile (X units) represented the largest importers of line telephone sets with cordless handsets, together mixing up 77% of total imports. The following importers - Ecuador (X units), Argentina (X units), Brazil (X units) and Costa Rica (X units) - together made up 11% of total imports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +22.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Venezuela ($X) constitutes the largest market for imported line telephone sets with cordless handsets in Latin America and the Caribbean, comprising 66% of total imports. The second position in the ranking was held by Mexico ($X), with a 12% share of total imports. It was followed by Colombia, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Venezuela totaled +29.5%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-13.3% per year) and Colombia (-12.8% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, rising by 4.5% against the previous year. Over the period under review, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the import price increased by 40%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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