Latin America and the Caribbean: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Latin America and the Caribbean

The Latin American respiration apparatus market was finally on the rise to reach $X in 2023, after two years of decline. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Respiration Apparatus Production in Latin America and the Caribbean

In value terms, respiration apparatus production rose rapidly to $X in 2023 estimated in export price. The total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Respiration Apparatus Exports

Exports in Latin America and the Caribbean

Respiration apparatus exports rose slightly to X units in 2023, with an increase of X% against the previous year's figure. Overall, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, respiration apparatus exports soared to $X in 2023. Total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, reaching X units, which was near X% of total exports in 2023. Costa Rica (X units) and the Dominican Republic (X units) held a little share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Costa Rica (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, the Dominican Republic (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) and Costa Rica (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Dominican Republic (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest respiration apparatus supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports.

In Mexico, respiration apparatus exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Costa Rica (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Overall, the export price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while Mexico ($X per unit) was amongst the lowest.

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

Respiration Apparatus Imports

Imports in Latin America and the Caribbean

In 2023, supplies from abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X units. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, respiration apparatus imports stood at $X in 2023. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Mexico was the largest importing country with an import of about X units, which finished at X% of total imports. Brazil (X units) ranks second in terms of the total imports with a X% share, followed by Colombia (X%) and Chile (X%). Argentina (X units), Peru (X units), Ecuador (X units) and Costa Rica (X units) took a relatively small share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Costa Rica (X%), Peru (X%), Chile (X%), Brazil (X%), Argentina (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Brazil (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Ecuador (X p.p.), Argentina (X p.p.) and Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Chile, Argentina, Peru, Costa Rica and Ecuador lagged somewhat behind, together comprising a further X%.

Costa Rica, with a CAGR of X%, recorded 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

The import price in Latin America and the Caribbean stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Costa Rica ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform