MERCOSUR: Wheelchair Market 2024

Wheelchair Market Size in MERCOSUR

After two years of growth, the MERCOSUR wheelchair market decreased by X% to $X in 2023. 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, and then reduced slightly in the following year.

Wheelchair Production in MERCOSUR

In value terms, wheelchair production reached $X in 2023 estimated in export price. Overall, production, however, recorded a slight decrease. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Wheelchair Exports

Exports in MERCOSUR

In 2023, approx. X units of wheelchairs were exported in MERCOSUR; waning by X% on 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, wheelchair exports shrank to $X in 2023. Overall, exports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Brazil (X units) was the major exporter of wheelchairs, comprising X% of total exports. Chile (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%) and Colombia (X%). The following exporters - Ecuador (X units), Peru (X units) and Venezuela (X units) - each reached an X% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of wheelchairs. At the same time, Ecuador (X%) and Peru (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. Chile experienced a relatively flat trend pattern. By contrast, Argentina (X%), Colombia (X%) and Venezuela (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Chile (X p.p.), Ecuador (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Venezuela saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Chile ($X) and Argentina ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Colombia, Ecuador, Peru and Venezuela lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 MERCOSUR stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price enjoyed a moderate increase. The pace of growth was the most pronounced in 2022 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Venezuela ($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 more modest paces of growth.

Wheelchair Imports

Imports in MERCOSUR

Wheelchair imports rose significantly to X units in 2023, surging by X% against the previous year. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, wheelchair imports declined to $X in 2023. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Brazil was the key importer of wheelchairs in MERCOSUR, with the volume of imports recording X units, which was near X% of total imports in 2023. Colombia (X units) took the second position in the ranking, followed by Argentina (X units), Peru (X units), Chile (X units) and Ecuador (X units). All these countries together took approx. X% share of total imports. Venezuela (X units) held a little share of total imports.

Brazil was also the fastest-growing in terms of the wheelchairs imports, with a CAGR of X% from 2012 to 2023. At the same time, Peru (X%), Colombia (X%), Ecuador (X%), Argentina (X%) and Venezuela (X%) displayed positive paces of growth. By contrast, Chile (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 imports from 2012-2023, the share of Ecuador (X p.p.), Venezuela (X p.p.), Colombia (X p.p.), Argentina (X p.p.) and Chile (X p.p.) displayed negative dynamics.

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

In terms of the main importing countries, Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 MERCOSUR stood at $X per unit in 2023, waning by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2023, import prices remained at a 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 Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform