Latin America and the Caribbean: Photo-Copying Apparatus Market 2024

Photo-Copying Apparatus Market Size in Latin America and the Caribbean

In 2022, the Latin American photo-copying apparatus market increased by 5.8% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Photo-Copying Apparatus Production in Latin America and the Caribbean

In value terms, photo-copying apparatus production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 9.4% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Photo-Copying Apparatus Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of photo-copying apparatus were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, photo-copying apparatus exports soared to $X in 2022. In general, exports, however, continue to indicate a deep contraction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mexico (X units) represented the key exporter of photo-copying apparatus, creating 64% of total exports. It was distantly followed by Costa Rica (X units) and Guatemala (X units), together making up a 24% share of total exports. The following exporters - Panama (X units), Brazil (X units), Peru (X units) and Chile (X units) - together made up 8.2% of total exports.

From 2012 to 2022, average annual rates of growth with regard to photo-copying apparatus exports from Mexico stood at +16.1%. At the same time, Guatemala (+25.8%), Brazil (+12.0%), Peru (+11.2%) and Costa Rica (+3.0%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +25.8% from 2012-2022. By contrast, Chile (-1.9%) and Panama (-26.8%) illustrated a downward trend over the same period. While the share of Mexico (+49 p.p.), Guatemala (+8.8 p.p.), Costa Rica (+3.2 p.p.) and Brazil (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Panama (-64.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Panama ($X), Mexico ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 52% of total exports. Guatemala, Costa Rica, Chile and Peru lagged somewhat behind, together comprising a further 42%.

Guatemala, with a CAGR of +26.2%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by 2.2% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 31% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+19.5%), while the other leaders experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of photo-copying apparatus increased by 10% to X units, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 51% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, photo-copying apparatus imports expanded rapidly to $X in 2022. In general, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico prevails in imports structure, finishing at X units, which was approx. 50% of total imports in 2022. Chile (X units) took a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by Peru (9.5%), Brazil (6.1%) and Argentina (5.6%). Colombia (X units), Nicaragua (X units) and Ecuador (X units) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +10.3% from 2012 to 2022. At the same time, Peru (+19.6%), Nicaragua (+19.1%), Argentina (+8.0%), Chile (+3.6%) and Ecuador (+2.3%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +19.6% from 2012-2022. By contrast, Colombia (-2.0%) and Brazil (-10.2%) illustrated a downward trend over the same period. Mexico (+31 p.p.), Peru (+7.9 p.p.), Argentina (+2.9 p.p.), Chile (+2.7 p.p.) and Nicaragua (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -12.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported photo-copying apparatus in Latin America and the Caribbean, comprising 46% of total imports. The second position in the ranking was held by Mexico ($X), with a 13% share of total imports. It was followed by Peru, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at -2.4%. In the other countries, the average annual rates were as follows: Mexico (-2.5% per year) and Peru (+5.3% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, rising by 1.6% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when the import price increased by 9% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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