Latin America and the Caribbean: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Latin America and the Caribbean

The Latin American transmission apparatus market reached $X in 2021, increasing by 4.7% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Transmission Apparatus Production in Latin America and the Caribbean

In value terms, transmission apparatus production shrank to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Transmission Apparatus Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of transmission apparatus incorporating reception apparatus was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a significant contraction. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, transmission apparatus exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the Dominican Republic (X tons) and Mexico (X tons) represented the key exporters of transmission apparatus incorporating reception apparatus in Latin America and the Caribbean, together finishing at near 60% of total exports. It was distantly followed by Chile (X tons), Guatemala (X tons) and Panama (X tons), together comprising a 28% share of total exports. Colombia (X tons) and Brazil (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +27.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission apparatus supplying countries in Latin America and the Caribbean were Mexico ($X), the Dominican Republic ($X) and Chile ($X), with a combined 87% share of total exports.

Among the main exporting countries, the Dominican Republic, with a CAGR of +32.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, which is down by -2.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 8.9%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.0%), while the other leaders experienced more modest paces of growth.

Transmission Apparatus Imports

Imports in Latin America and the Caribbean

In 2021, approx. X tons of transmission apparatus incorporating reception apparatus were imported in Latin America and the Caribbean; picking up by 11% against 2020 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, transmission apparatus imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Mexico (X tons) and Colombia (X tons) represented the main importers of transmission apparatus incorporating reception apparatus in 2021, recording approx. 20% and 17% of total imports, respectively. Peru (X tons) ranks next in terms of the total imports with an 11% share, followed by Chile (10%), Guatemala (7.3%) and Paraguay (7.1%). Brazil (X tons), Argentina (X tons), Ecuador (X tons), El Salvador (X tons), Honduras (X tons) and Costa Rica (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported transmission apparatus incorporating reception apparatus in Latin America and the Caribbean, comprising 34% of total imports. The second position in the ranking was held by Chile ($X), with a 16% share of total imports. It was followed by Colombia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at -1.3%. In the other countries, the average annual rates were as follows: Chile (+5.7% per year) and Colombia (+5.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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