MERCOSUR: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in MERCOSUR

In 2023, the MERCOSUR electrical board and console market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in MERCOSUR

In value terms, electrical board and console production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in overseas shipments of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, which increased by X% to X units in 2023. In general, exports, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, electrical board and console exports soared to $X in 2023. Over the period under review, exports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil was the key exporter of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in MERCOSUR, with the volume of exports resulting at X units, which was near X% of total exports in 2023. Colombia (X units) ranks second in terms of the total exports with a X% share, followed by Argentina (X%). Chile (X units) and Peru (X units) held a minor share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%), Chile (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Peru (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Chile (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, electrical board and console exports remained relatively stable over the period from 2012-2023. 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 2023, jumping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Chile ($X per unit) and Peru ($X per unit), while Colombia ($X per unit) and Argentina ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in MERCOSUR

In 2023, electrical board and console imports in MERCOSUR rose markedly to X units, surging by X% against the previous year. Overall, imports posted tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X units. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, electrical board and console imports contracted slightly to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Brazil was the largest importer of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in MERCOSUR, with the volume of imports accounting for X units, which was near X% of total imports in 2023. Chile (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Argentina (X%), Peru (X%) and Ecuador (X%). Paraguay (X units) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to electrical board and console imports into Brazil stood at X%. At the same time, Colombia (X%), Paraguay (X%), Ecuador (X%), Argentina (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Peru (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil, Colombia, Ecuador and Argentina increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Colombia, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2023, the import price in MERCOSUR amounted to $X per unit, declining by X% against the previous year. In general, the import price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, 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 Paraguay ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform