Latin America and the Caribbean: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in Latin America and the Caribbean

In 2022, the Latin American flexographic printing machinery market increased by 31% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Flexographic Printing Machinery Production in Latin America and the Caribbean

In value terms, flexographic printing machinery production soared to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 436%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Flexographic Printing Machinery Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of flexographic printing machinery were exported in Latin America and the Caribbean; with an increase of 30% against 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 59%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, flexographic printing machinery exports expanded slightly to $X in 2022. In general, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 50%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X units), distantly followed by Chile (X units), Uruguay (X units), Peru (X units), Colombia (X units) and Argentina (X units) represented the key exporters of flexographic printing machinery, together achieving 91% of total exports. The Dominican Republic (X units) and Ecuador (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest flexographic printing machinery supplier in Latin America and the Caribbean, comprising 63% of total exports. The second position in the ranking was held by Chile ($X), with an 8.6% share of total exports. It was followed by Uruguay, with an 8.5% share.

In Brazil, flexographic printing machinery exports plunged by an average annual rate of -5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (-2.1% per year) and Uruguay (+5.8% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, declining by -21% against the previous year. In general, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2014 an increase of 67%. 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 stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+147.6%), while the other leaders experienced more modest paces of growth.

Flexographic Printing Machinery Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of flexographic printing machinery increased by 28% to X units, rising for the second consecutive year after three years of decline. Overall, imports recorded a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 43% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, flexographic printing machinery imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X units) and Argentina (X units) represented the main importers of flexographic printing machinery in Latin America and the Caribbean, together generating 33% of total imports. The Dominican Republic (X units) held the next position in the ranking, followed by Guatemala (X units), Ecuador (X units), Brazil (X units), Peru (X units), Barbados (X units) and Chile (X units). All these countries together took approx. 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Barbados (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flexographic printing machinery importing markets in Latin America and the Caribbean were Mexico ($X), Argentina ($X) and Brazil ($X), with a combined 50% share of total imports. Chile, Ecuador, Peru, Guatemala, the Dominican Republic and Barbados lagged somewhat behind, together comprising a further 33%.

Barbados, with a CAGR of +66.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, waning by -2.3% against the previous year. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2013 an increase of 29%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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