Report Latin America and the Caribbean - Wiring Sets Used in Vehicles, Aircraft or Ships - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Latin America and the Caribbean - Wiring Sets Used in Vehicles, Aircraft or Ships - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in Latin America and the Caribbean

In 2022, the Latin American market for wiring sets used in vehicles, aircraft or ships decreased by -10.6% to $X, falling for the third year in a row after six years of growth. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -30.0% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in Latin America and the Caribbean

In value terms, production of wiring sets used in vehicles, aircraft or ships fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports in Latin America and the Caribbean

In 2022, exports of wiring sets used in vehicles, aircraft or ships in Latin America and the Caribbean rose significantly to X tons, increasing by 11% compared with the previous year's figure. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 65%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of wiring sets used in vehicles, aircraft or ships rose rapidly to $X in 2022. The total export value increased at an average annual rate of +6.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Mexico dominates ships structure, reaching X tons, which was near 81% of total exports in 2022. It was distantly followed by Nicaragua (X tons) and Honduras (X tons), together constituting a 14% share of total exports. Paraguay (X tons) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Paraguay (+45.7%) and Honduras (+6.9%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +45.7% from 2012-2022. Nicaragua experienced a relatively flat trend pattern. Nicaragua (+7.1 p.p.) and Paraguay (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by -9.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest wiring sets used in vehicles, aircraft or ships supplier in Latin America and the Caribbean, comprising 83% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 6.2% share of total exports. It was followed by Honduras, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled +5.7%. In the other countries, the average annual rates were as follows: Nicaragua (+3.0% per year) and Honduras (+1.8% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 2.5% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wiring sets used in vehicles, aircraft or ships decreased by -26.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 38%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Paraguay ($X per ton) and Mexico ($X per ton), while Honduras ($X per ton) and Nicaragua ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in Latin America and the Caribbean

In 2022, purchases abroad of wiring sets used in vehicles, aircraft or ships increased by 53% to X tons, rising for the second consecutive year after four years of decline. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% 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 +117.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 70%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of wiring sets used in vehicles, aircraft or ships surged to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +84.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico was the largest importer of wiring sets used in vehicles, aircraft or ships in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was near 70% of total imports in 2022. Brazil (X tons) took the second position in the ranking, followed by Argentina (X tons). All these countries together took near 23% share of total imports. Honduras (X tons) took a minor share of total imports.

Mexico was also the fastest-growing in terms of the wiring sets used in vehicles, aircraft or ships imports, with a CAGR of +10.3% from 2012 to 2022. At the same time, Brazil (+9.0%) displayed positive paces of growth. Argentina and Honduras experienced a relatively flat trend pattern. While the share of Mexico (+16 p.p.) and Brazil (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Honduras (-2.8 p.p.) and Argentina (-8.8 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) constitutes the largest market for imported wiring sets used in vehicles, aircraft or ships in Latin America and the Caribbean, comprising 66% of total imports. The second position in the ranking was held by Brazil ($X), with an 18% share of total imports. It was followed by Argentina, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled +10.1%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+9.1% per year) and Argentina (+2.6% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with a decrease of -15.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 13% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 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 Brazil ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Brazil, Mexico and Colombia, together accounting for 80% of total consumption. These countries were followed by the Dominican Republic, El Salvador, Honduras, Paraguay, Costa Rica and Panama, which together accounted for a further 16%.
The countries with the highest volumes of in 2021 were Mexico, Brazil and Colombia, with a combined 81% share of total production. These countries were followed by Nicaragua, Honduras, Paraguay and the Dominican Republic, which together accounted for a further 13%.
In value terms, Mexico remains the largest wiring sets used in vehicles, aircraft or ships supplier in Latin America and the Caribbean, comprising 84% of total exports. The second position in the ranking was occupied by Nicaragua, with a 6.1% share of total exports. It was followed by Honduras, with a 4.9% share.
In value terms, Mexico constitutes the largest market for imported wiring sets used in vehicles, aircraft or ships in Latin America and the Caribbean, comprising 65% of total imports. The second position in the ranking was occupied by Brazil, with a 22% share of total imports. It was followed by Argentina, with an 8.1% share.
The aft or ships in Latin America and the Caribbean stood at $22,133 per ton in 2021, dropping by -26.8% against the previous year.
The aft or ships in Latin America and the Caribbean stood at $26,389 per ton in 2021, with an increase of 24% against the previous year.

This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico
  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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