Latin America and the Caribbean: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Latin America and the Caribbean

The Latin American gravimetric filling machine market soared to $X in 2022, with an increase of 28% against the previous year. Over the period under review, consumption recorded a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Gravimetric Filling Machine Production in Latin America and the Caribbean

In value terms, gravimetric filling machine production surged to $X in 2022 estimated in export price. Over the period under review, production showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,352%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Gravimetric Filling Machine Exports

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of automatic gravimetric filling machines increased by 85% to X units in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 2,368%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, gravimetric filling machine exports soared to $X in 2022. Over the period under review, exports, however, showed a deep reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil was the major exporter of automatic gravimetric filling machines in Latin America and the Caribbean, with the volume of exports reaching X units, which was near 55% of total exports in 2022. Argentina (X units) ranks second in terms of the total exports with a 15% share, followed by Nicaragua (7.6%), Colombia (5.9%) and Panama (5.5%). Mexico (X units) took a little share of total exports.

Exports from Brazil increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Nicaragua (+51.0%), Colombia (+8.4%) and Panama (+4.2%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +51.0% from 2012-2022. By contrast, Argentina (-5.2%) and Mexico (-11.8%) illustrated a downward trend over the same period. Brazil (+14 p.p.), Nicaragua (+7.6 p.p.), Colombia (+3.1 p.p.) and Panama (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Mexico and Argentina saw its share reduced by -5% and -12.9% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest gravimetric filling machine supplier in Latin America and the Caribbean, comprising 63% of total exports. The second position in the ranking was taken by Argentina ($X), with a 20% share of total exports. It was followed by Colombia, with an 8.3% share.

In Brazil, gravimetric filling machine exports declined by an average annual rate of -1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (-14.3% per year) and Colombia (+5.2% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by 3.5% against the previous year. In general, the export price, however, saw a deep reduction. The growth pace was the most rapid in 2018 when the export price increased by 1,532% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-3.0%), while the other leaders experienced a decline in the export price figures.

Gravimetric Filling Machine Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of automatic gravimetric filling machines increased by 35% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 51%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, gravimetric filling machine imports soared to $X in 2022. In general, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Brazil was the largest importing country with an import of around X units, which reached 42% of total imports. Mexico (X units) ranks second in terms of the total imports with a 20% share, followed by Ecuador (18%) and Bolivia (5.7%). The following importers - Peru (X units), Chile (X units) and Argentina (X units) - together made up 9.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to gravimetric filling machine imports into Brazil stood at -3.2%. At the same time, Ecuador (+41.8%), Argentina (+16.9%), Peru (+6.2%), Chile (+4.8%) and Mexico (+1.4%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +41.8% from 2012-2022. By contrast, Bolivia (-9.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador, Mexico, Argentina and Peru increased by +18, +3, +2.4 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, with a combined 69% share of total imports.

In terms of the main importing countries, Argentina, with a CAGR of +11.5%, saw the highest growth rate of 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 Latin America and the Caribbean stood at $X per unit in 2022, growing by 4.3% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gravimetric filling machine import price increased by +44.0% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :