Brazil: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Brazil

The Brazilian sugar-manufacturing industrial machinery market contracted to $X in 2022, shrinking by -7.6% against the previous year. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -18.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Production in Brazil

In value terms, sugar-manufacturing industrial machinery production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 19%. Sugar-manufacturing industrial machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Brazil

In 2022, exports of industrial machinery for the manufacture or preparation of sugar from Brazil skyrocketed to X units, rising by 73% on the previous year. Over the period under review, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 90%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports soared to $X in 2022. Overall, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 69% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X units) was the main destination for sugar-manufacturing industrial machinery exports from Brazil, with a 68% share of total exports. Moreover, sugar-manufacturing industrial machinery exports to Paraguay exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The United States (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Paraguay amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.4% per year) and the United States (+0.9% per year).

In value terms, Paraguay ($X), Mexico ($X) and the United States ($X) appeared to be the largest markets for sugar-manufacturing industrial machinery exported from Brazil worldwide, together accounting for 71% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of -2.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, shrinking by -21.2% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Paraguay ($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 Venezuela (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Brazil

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of sugar decreased by -92.9% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 319% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports contracted markedly to $X in 2022. Overall, imports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 594% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of sugar-manufacturing industrial machinery to Brazil, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +17.7%.

In value terms, China ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Brazil.

From 2012 to 2022, the average annual growth rate of value from China totaled +16.2%.

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, declining by -15.5% against the previous year. Overall, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 152% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +12.6% per year.

Source: IndexBox Platform

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