Latin America and the Caribbean: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Latin America and the Caribbean

The Latin American confectionery-making industrial machinery market declined remarkably to $X in 2022, with a decrease of -21.9% against the previous year. Over the period under review, consumption showed a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Confectionery-Making Industrial Machinery Production in Latin America and the Caribbean

In value terms, confectionery-making industrial machinery production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 715% against the previous year. The level of production peaked at $X in 2021, and then fell rapidly in the following year.

Confectionery-Making Industrial Machinery Exports

Exports in Latin America and the Caribbean

Confectionery-making industrial machinery exports shrank notably to X units in 2022, waning by -19.8% compared with 2021. In general, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 111% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted significantly in the following year.

In value terms, confectionery-making industrial machinery exports fell notably to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 116%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Brazil (X units) and Argentina (X units) represented roughly 78% of total exports in 2022. It was distantly followed by Chile (X units), committing an 11% share of total exports. The following exporters - Peru (X units) and Mexico (X units) - together made up 7.1% 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 Argentina (with a CAGR of +20.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery supplying countries in Latin America and the Caribbean were Brazil ($X), Argentina ($X) and Chile ($X), with a combined 90% share of total exports. Mexico and Peru lagged somewhat behind, together accounting for a further 8%.

Peru, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, falling by -5.3% against the previous year. Overall, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 27% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 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 Chile ($X per unit), while Peru ($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 (+1.6%), while the other leaders experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports in Latin America and the Caribbean

In 2022, the amount of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate imported in Latin America and the Caribbean dropped to X units, waning by -7% against the year before. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by 32% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports reduced markedly to $X in 2022. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 37%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X units), distantly followed by Argentina (X units), Brazil (X units), Colombia (X units), Peru (X units) and Guatemala (X units) represented the major importers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, together generating 83% of total imports. Chile (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), together accounting for 66% of total imports. These countries were followed by Argentina, Peru, Chile and Guatemala, which together accounted for a further 23%.

Argentina, with a CAGR of +4.4%, recorded 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, shrinking by -15.9% against the previous year. In general, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2017 an increase of 13%. The level of import peaked at $X per unit in 2021, and then fell sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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