Latin America and the Caribbean: Microscope Market 2024

Microscope Market Size in Latin America and the Caribbean

The Latin American microscope market declined slightly to $X in 2022, almost unchanged from the previous year. In general, consumption recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of consumption peaked at $X.8B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Microscope Production in Latin America and the Caribbean

In value terms, microscope production contracted modestly to $X.3B in 2022 estimated in export price. Overall, production saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X.3B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Microscope Exports

Exports in Latin America and the Caribbean

Microscope exports shrank rapidly to X units in 2022, with a decrease of X% compared with the previous year. Over the period under review, exports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then declined dramatically in the following year.

In value terms, microscope exports reduced to $X in 2022. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Antigua and Barbuda (X units) was the major exporter of microscopes and diffraction apparatus, achieving X% of total exports. It was distantly followed by Brazil (X units), comprising a X% share of total exports. Mexico (X units), Panama (X units), Costa Rica (X units), Trinidad and Tobago (X units) and Guatemala (X units) took a relatively small share of total exports.

Antigua and Barbuda was also the fastest-growing in terms of the microscopes and diffraction apparatus exports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%), Guatemala (X%) and Costa Rica (X%) displayed positive paces of growth. By contrast, Panama (X%), Trinidad and Tobago (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Antigua and Barbuda (X p.p.), Brazil (X p.p.) and Costa Rica (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Panama (X p.p.), Trinidad and Tobago (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest microscope supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Costa Rica ($X), with a combined X% share of total exports. Trinidad and Tobago, Panama, Guatemala and Antigua and Barbuda lagged somewhat behind, together comprising a further X%.

Guatemala, with a CAGR of X%, 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, jumping by X% against the previous year. Over the period under review, the export price, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood 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 Mexico ($X per unit), while Antigua and Barbuda ($X per unit) was amongst the lowest.

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

Microscope Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in supplies from abroad of microscopes and diffraction apparatus, which increased by X% to X units in 2022. Over the period under review, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, microscope imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Argentina represented the largest importing country with an import of around X units, which finished at X% of total imports. Peru (X units) ranks second in terms of the total imports with a X% share, followed by Brazil (X%) and Chile (X%). Bolivia (X units) held a little share of total imports.

Argentina was also the fastest-growing in terms of the microscopes and diffraction apparatus imports, with a CAGR of X% from 2012 to 2022. At the same time, Chile (X%), Peru (X%) and Bolivia (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.), Peru (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported microscopes and diffraction apparatus in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with an X% share of total imports. It was followed by Peru, with a X% share.

In Brazil, microscope imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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