Latin America and the Caribbean: Industrial Brewery Machinery Market 2024

Industrial Brewery Machinery Market Size in Latin America and the Caribbean

For the fourth consecutive year, the Latin American industrial brewery machinery market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a perceptible contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Industrial Brewery Machinery Production in Latin America and the Caribbean

In value terms, industrial brewery machinery production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Industrial Brewery Machinery Exports

Exports in Latin America and the Caribbean

Industrial brewery machinery exports declined remarkably to X units in 2022, which is down by X% on 2021. Over the period under review, exports, however, recorded modest growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial brewery machinery exports fell markedly to $X in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Brazil (X units) represented the main exporter of industrial brewery machinery, making up X% of total exports. It was distantly followed by Chile (X units), Argentina (X units), Peru (X units), Colombia (X units) and Trinidad and Tobago (X units), together constituting a X% share of total exports. The following exporters - Antigua and Barbuda (X units), Bahamas (X units), the Dominican Republic (X units), Guatemala (X units) and Panama (X units) - each resulted at a X% 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 Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest industrial brewery machinery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Bahamas ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

In Brazil, industrial brewery machinery exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahamas (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price showed a deep setback. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Bahamas ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

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

Industrial Brewery Machinery Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of industrial brewery machinery were finally on the rise to reach X units after two years of decline. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial brewery machinery imports contracted sharply to $X in 2022. Over the period under review, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Grenada prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. The following importers - Chile (X units) and Colombia (X units) - each amounted to a X% share of total imports.

Grenada was also the fastest-growing in terms of the industrial brewery machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) and Chile (X%) displayed positive paces of growth. From 2012 to 2022, the share of Grenada increased by X percentage points.

In value terms, the largest industrial brewery machinery importing markets in Latin America and the Caribbean were Chile ($X), Colombia ($X) and Grenada ($X), together accounting for X% of total imports.

Grenada, with a CAGR of X%, 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, with a decrease of X% against the previous year. In general, the import price showed a abrupt downturn. The growth pace was the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Grenada ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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