Latin America and the Caribbean: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Latin America and the Caribbean

The Latin American fruit-preparation industrial machinery market totaled $X in 2021, increasing by 4.2% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.6% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Fruit-Preparation Industrial Machinery Production in Latin America and the Caribbean

In value terms, fruit-preparation industrial machinery production contracted to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.2% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 109%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports in Latin America and the Caribbean

In 2021, the amount of industrial machinery for the preparation of fruits, nuts or vegetables exported in Latin America and the Caribbean skyrocketed to X units, with an increase of 68% compared with the previous year's figure. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fruit-preparation industrial machinery exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was near 96% of total exports in 2021. Peru (X units) took a little share of total exports.

Brazil was also the fastest-growing in terms of the industrial machinery for the preparation of fruits, nuts or vegetables exports, with a CAGR of +12.7% from 2012 to 2021. At the same time, Peru (+12.6%) displayed positive paces of growth. From 2012 to 2021, the share of Brazil increased by +38 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest fruit-preparation industrial machinery supplier in Latin America and the Caribbean, comprising 50% of total exports. The second position in the ranking was taken by Peru ($X), with a 3.4% share of total exports.

In Brazil, fruit-preparation industrial machinery exports plunged by an average annual rate of -7.1% over the period from 2012-2021.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, which is down by -25.1% against the previous year. In general, the export price saw a sharp curtailment. The growth pace was the most rapid in 2015 an increase of 20%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-17.6%).

Fruit-Preparation Industrial Machinery Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of industrial machinery for the preparation of fruits, nuts or vegetables increased by 9.1% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 127%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, fruit-preparation industrial machinery imports soared to $X in 2021. Overall, imports, however, saw a slight shrinkage. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Aruba (X units), El Salvador (X units), Chile (X units), Mexico (X units), Bolivia (X units) and Belize (X units) was the key importer of industrial machinery for the preparation of fruits, nuts or vegetables in Latin America and the Caribbean, making up 87% of total import. Paraguay (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belize (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported industrial machinery for the preparation of fruits, nuts or vegetables in Latin America and the Caribbean, comprising 19% of total imports. The second position in the ranking was held by Mexico ($X), with an 8.4% share of total imports. It was followed by Belize, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-6.1% per year) and Belize (+90.8% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by 34% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belize (+28.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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