Colombia: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Colombia

The Colombian meat-preparation industrial machinery market dropped to $X in 2022, waning by -14.4% 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). Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Meat-Preparation Industrial Machinery Exports

Exports from Colombia

In 2022, after two years of decline, there was significant growth in shipments abroad of industrial machinery for the preparation of meat or poultry, when their volume increased by 83% to X units. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 252% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, meat-preparation industrial machinery exports rose markedly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 210%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X units), Peru (X units) and Guyana (X units) were the main destinations of meat-preparation industrial machinery exports from Colombia, with a combined 69% share of total exports. Guatemala, the Dominican Republic, Honduras, Venezuela and Ecuador lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +51.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Colombia, comprising 35% of total exports. The second position in the ranking was held by Peru ($X), with a 14% share of total exports. It was followed by Guatemala, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+7.6% per year) and Guatemala (+58.4% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, waning by -40% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 90% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Guyana ($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 Trinidad and Tobago (+346.7%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Colombia

In 2022, the amount of industrial machinery for the preparation of meat or poultry imported into Colombia shrank remarkably to X units, with a decrease of -19.2% against the previous year. Overall, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of X units, and then dropped sharply in the following year.

In value terms, meat-preparation industrial machinery imports surged to $X in 2022. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 39% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Mexico (X units) were the main suppliers of meat-preparation industrial machinery imports to Colombia, together accounting for 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of industrial machinery for the preparation of meat or poultry to Colombia, comprising 40% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by China, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.2% per year) and China (+4.3% per year).

Import Prices by Country

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, growing by 46% against the previous year. In general, the import price, however, saw a abrupt contraction. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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