Latin America and the Caribbean: Optical Telescope Market 2025

Optical Telescope Market Size in Latin America and the Caribbean

The Latin American optical telescope market soared to $X in 2021, increasing by 234% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Optical Telescope Production in Latin America and the Caribbean

In value terms, optical telescope production expanded remarkably to $X in 2021 estimated in export price. Overall, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 36% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Optical Telescope Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of optical telescopes increased by 24% to X units, rising for the third consecutive year after two years of decline. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 40%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, optical telescope exports totaled $X in 2021. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Mexico (X units) represented the largest exporter of optical telescopes, committing 52% of total exports. It was distantly followed by Colombia (X units), Trinidad and Tobago (X units) and Chile (X units), together committing a 41% share of total exports. The following exporters - Ecuador (X units), Costa Rica (X units) and Venezuela (X units) - each resulted at a 6% share of total exports.

From 2012 to 2021, the biggest increases were in Colombia (with a CAGR of +60.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest optical telescope supplier in Latin America and the Caribbean, comprising 62% of total exports. The second position in the ranking was held by Chile ($X), with a 29% share of total exports. It was followed by Trinidad and Tobago, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at -13.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+46.1% per year) and Trinidad and Tobago (+45.2% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, which is down by -12.3% against the previous year. In general, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by 77%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+34.8%), while the other leaders experienced more modest paces of growth.

Optical Telescope Imports

Imports in Latin America and the Caribbean

Optical telescope imports skyrocketed to X units in 2021, picking up by 271% against the year before. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, optical telescope imports surged to $X in 2021. Overall, imports enjoyed a pronounced increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the largest importing country with an import of around X units, which recorded 48% of total imports. It was distantly followed by Chile (X units), Mexico (X units) and Argentina (X units), together comprising a 42% share of total imports. The following importers - Colombia (X units) and Costa Rica (X units) - each finished at a 4.1% share of total imports.

Brazil was also the fastest-growing in terms of the optical telescopes imports, with a CAGR of +51.3% from 2012 to 2021. At the same time, Chile (+20.5%), Argentina (+9.0%) and Costa Rica (+4.1%) displayed positive paces of growth. By contrast, Mexico (-2.4%) and Colombia (-3.0%) illustrated a downward trend over the same period. While the share of Brazil (+45 p.p.) and Chile (+13 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Colombia (-5.8 p.p.) and Mexico (-23.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest optical telescope importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Mexico ($X), together comprising 79% of total imports.

In terms of the main importing countries, Chile, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, which is down by -28.1% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+6.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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