MERCOSUR: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in MERCOSUR

The MERCOSUR electrical circuit apparatus market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Production in MERCOSUR

In value terms, electrical circuit apparatus production shrank slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Electrical Circuit Apparatus Exports

Exports in MERCOSUR

In 2021, electrical circuit apparatus exports in MERCOSUR soared to X units, rising by X% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports soared to $X in 2021. In general, exports, however, showed a mild downturn. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the largest exporting country with an export of around X units, which amounted to X% of total exports. Colombia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Chile (X%). Argentina (X units) and Peru (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electrical circuit apparatus exports from Brazil stood at X%. At the same time, Chile (X%) and Peru (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Chile increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest electrical circuit apparatus supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, shrinking by X% against the previous year. In general, the export price showed a slight slump. The pace of growth was the most pronounced in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained 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 Argentina ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Electrical Circuit Apparatus Imports

Imports in MERCOSUR

After two years of decline, purchases abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units in 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the main importing country with an import of about X units, which recorded X% of total imports. Colombia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%), Argentina (X%), Peru (X%) and Ecuador (X%). Paraguay (X units) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2021. At the same time, Paraguay (X%), Chile (X%), Colombia (X%), Peru (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2021. Argentina experienced a relatively flat trend pattern. While the share of Chile (X p.p.), Colombia (X p.p.) and Paraguay (X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Chile, with an X% share.

In Brazil, electrical circuit apparatus imports expanded at an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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