Latin America and the Caribbean: Spectrometers And Spectrophotometers Market 2025

Spectrometers And Spectrophotometers Market Size in Latin America and the Caribbean

The Latin American spectrometers and spectrophotometers market reached $X in 2022, picking up by X% against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Spectrometers And Spectrophotometers Production in Latin America and the Caribbean

In value terms, spectrometers and spectrophotometers production amounted to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Spectrometers And Spectrophotometers Exports

Exports in Latin America and the Caribbean

In 2022, after four years of growth, there was significant decline in shipments abroad of spectrometers and spectrophotometers, when their volume decreased by X% to X units. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021, and then contracted sharply in the following year.

In value terms, spectrometers and spectrophotometers exports contracted rapidly to $X in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Mexico dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. Brazil (X units) held a minor share of total exports.

Mexico was also the fastest-growing in terms of the spectrometers and spectrophotometers exports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. From 2012 to 2022, the share of Mexico increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest spectrometers and spectrophotometers supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spectrometers and spectrophotometers export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 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 Mexico ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Spectrometers And Spectrophotometers Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of spectrometers and spectrophotometers increased by X% to X units, rising for the fourth consecutive year after five years of decline. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, spectrometers and spectrophotometers imports reached $X in 2022. In general, imports, however, saw a slight decrease. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bolivia (X units), distantly followed by Brazil (X units), Peru (X units), Mexico (X units), Chile (X units), Colombia (X units) and Argentina (X units) were the key importers of spectrometers and spectrophotometers, together generating X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bolivia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, flattening at the previous year. In general, the import price showed a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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