MERCOSUR: X-Ray Apparatus Market 2024

X-Ray Apparatus Market Size in MERCOSUR

After three years of growth, the MERCOSUR x-ray apparatus market decreased by -33.4% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then fell rapidly in the following year.

X-Ray Apparatus Production in MERCOSUR

In value terms, x-ray apparatus production amounted to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

X-Ray Apparatus Exports

Exports in MERCOSUR

X-ray apparatus exports soared to X units in 2022, rising by 38% against the previous year. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +107.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, x-ray apparatus exports surged to $X in 2022. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 46%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, finishing at X units, which was approx. 88% of total exports in 2022. It was distantly followed by Colombia (X units), committing a 6.4% share of total exports. Argentina (X units) held a minor share of total exports.

Brazil was also the fastest-growing in terms of the x-ray apparatus exports, with a CAGR of +5.3% from 2012 to 2022. Colombia (-1.6%) and Argentina (-7.8%) illustrated a downward trend over the same period. Brazil (+7.8 p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Colombia saw its share reduced by -4.4% and -5.1% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest x-ray apparatus supplier in MERCOSUR, comprising 75% of total exports. The second position in the ranking was held by Colombia ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +6.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+4.4% per year) and Argentina (-4.8% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, with an increase of 2.3% against the previous year. Over the period under review, the export price saw a modest increase. The growth pace was the most rapid in 2020 an increase of 58%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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 Argentina ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+6.0%), while the other leaders experienced more modest paces of growth.

X-Ray Apparatus Imports

Imports in MERCOSUR

In 2022, the amount of x-ray apparatus imported in MERCOSUR shrank remarkably to X units, waning by -53.3% on the previous year. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 66%. Over the period under review, imports hit record highs at X units in 2021, and then reduced markedly in the following year.

In value terms, x-ray apparatus imports contracted modestly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) was the key importer of x-ray apparatus, committing 33% of total imports. Peru (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Chile (16%), Colombia (16%) and Argentina (6.2%). Ecuador (X units) and Venezuela (X units) took a little share 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 Argentina (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported x-ray apparatus in MERCOSUR, comprising 37% of total imports. The second position in the ranking was taken by Argentina ($X), with a 15% share of total imports. It was followed by Colombia, with a 13% share.

In Brazil, x-ray apparatus imports declined by an average annual rate of -2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (+4.1% per year) and Colombia (+3.8% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, increasing by 113% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Argentina ($X per unit), while Peru ($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 (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform