2.10 LATIN AMERICA
2023-01-30
Total demand in Latin America in 2022 was about 8.49 million units, a decrease of 9.3% from 2021.The market conditions in the various countries of Latin America are quite different. Brazil, the largest market, was very disappointing, showing a substantial decrease, while Mexico and Argentina grew. The declining purchasing power due to the severe economic slump and the cool summer in Brazil, the largest market, exerted significant negative impacts.
