Manostat Market Overview in Latin America and the Caribbean
In value terms, manostat production expanded slightly to $ in 2018 estimated in export prices. In general, production saw a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2018, production failed to regain the momentum.
Mexico ( units) constituted the country with the largest volume of manostat production, accounting for % of total volume. Moreover, manostat production in Mexico exceeded the figures recorded by the second-largest producer, Panama ( units), more than tenfold.
From 2007 to 2018, the average annual growth rate of volume in Mexico stood at -%.
The value of the manostat market in Latin America and the Caribbean expanded notably to $ in 2018, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated temperate growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption decreased by -% against 2014 indices. The pace of growth appeared the most rapid in 2009 with an increase of % year-to-year. The level of consumption peaked at $ in 2014; however, from 2015 to 2018, consumption failed to regain the momentum.
From 2007 to 2018, the average annual rate of growth in terms of volume in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Brazil (+% per year) and Panama (+% per year).
In value terms, Mexico ($) led the market, alone. The second position in the ranking was occupied by Panama ($). It was followed by Brazil.
In Mexico, the manostat market expanded at an average annual rate of +% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Panama (+% per year) and Brazil (+% per year).
The countries with the highest levels of manostat per capita consumption in 2018 were Panama ( units per persons), Mexico ( units per persons) and Brazil ( units per persons).
From 2007 to 2018, the most notable rate of growth in terms of manostat per capita consumption, amongst the main consuming countries, was attained by Colombia, while manostat per capita consumption for the other leaders experienced mixed trends in the per capita consumption figures.