Brazil: Dairy Machinery Market 2024

Dairy Machinery Market Size in Brazil

The Brazilian dairy machinery market contracted to $X in 2022, dropping by -6.5% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Dairy Machinery Production in Brazil

In value terms, dairy machinery production declined to $X in 2022 estimated in export price. Over the period under review, production saw a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of 57%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Dairy Machinery Exports

Exports from Brazil

In 2022, shipments abroad of dairy machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2017 when exports increased by 141% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy machinery exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by 166%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X units), Mexico (X units) and Ecuador (X units) were the main destinations of dairy machinery exports from Brazil, together comprising 76% of total exports. Paraguay, Chile, the United States, Peru and Senegal lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for dairy machinery exports from Brazil, comprising 48% of total exports. The second position in the ranking was taken by Ecuador ($X), with an 18% share of total exports. It was followed by Mexico, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+2.1% per year) and Mexico (-6.4% per year).

Export Prices by Country

The average dairy machinery export price stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 134%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-1.2%), while the prices for the other major destinations experienced a decline.

Dairy Machinery Imports

Imports into Brazil

In 2022, supplies from abroad of dairy machinery decreased by -29.9% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2019 when imports increased by 74% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, dairy machinery imports shrank to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by 164%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of dairy machinery to Brazil, with a 37% share of total imports. Moreover, dairy machinery imports from Italy exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was held by the UK (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.3% per year) and the UK (0.0% per year).

In value terms, the UK ($X), Italy ($X) and France ($X) appeared to be the largest dairy machinery suppliers to Brazil, together comprising 67% of total imports.

Among the main suppliers, France, with a CAGR of +85.0%, 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 average dairy machinery import price stood at $X per unit in 2022, with an increase of 22% against the previous year. Over the period under review, the import price, however, showed a slight setback. The growth pace was the most rapid in 2019 an increase of 52%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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