Latin America and the Caribbean: Mobile Phone Market 2025

Mobile Phone Market Size in Latin America and the Caribbean

The Latin American mobile phone market contracted remarkably to $X in 2022, which is down by -15.4% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Mobile Phone Production in Latin America and the Caribbean

In value terms, mobile phone production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 14%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mobile Phone Exports

Exports in Latin America and the Caribbean

In 2022, the amount of mobile phones exported in Latin America and the Caribbean declined notably to X units, dropping by -35.8% on 2021 figures. In general, exports faced a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 31%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, mobile phone exports shrank notably to $X in 2022. Overall, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Dominican Republic represented the largest exporting country with an export of around X units, which amounted to 51% of total exports. Chile (X units) ranks second in terms of the total exports with a 31% share, followed by Brazil (5%) and Peru (4.6%). Mexico (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +23.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest mobile phone supplying countries in Latin America and the Caribbean were the Dominican Republic ($X), Chile ($X) and Brazil ($X), with a combined 88% share of total exports.

The Dominican Republic, with a CAGR of +23.6%, recorded 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

The export price in Latin America and the Caribbean stood at $X per unit in 2022, surging by 4.7% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone export price decreased by -22.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while Mexico ($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 (+15.8%), while the other leaders experienced more modest paces of growth.

Mobile Phone Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of mobile phones were imported in Latin America and the Caribbean; dropping by -27.5% on the previous year. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, mobile phone imports reduced markedly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 25% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Colombia (X units), distantly followed by Peru (X units), Brazil (X units), Chile (X units) and Ecuador (X units) were the main importers of mobile phones, together achieving 77% of total imports. Paraguay (X units), the Dominican Republic (X units), Costa Rica (X units), Venezuela (X units) and Uruguay (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ecuador (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, with a combined 65% share of total imports.

Colombia, with a CAGR of +14.7%, recorded 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

The import price in Latin America and the Caribbean stood at $X per unit in 2022, rising by 7.9% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone import price decreased by -1.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 16%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :