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

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

The Latin American meat-preparation industrial machinery market expanded notably to $X in 2022, increasing by 8.7% against the previous year. Over the period under review, consumption saw resilient growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, meat-preparation industrial machinery production amounted to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 148%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Meat-Preparation Industrial Machinery Exports

Exports in Latin America and the Caribbean

In 2022, exports of industrial machinery for the preparation of meat or poultry in Latin America and the Caribbean skyrocketed to X units, with an increase of 87% compared with the previous year's figure. Over the period under review, exports continue to indicate a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat-preparation industrial machinery exports skyrocketed to $X in 2022. In general, exports, however, showed a pronounced shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil represented the main exporting country with an export of about X units, which recorded 76% of total exports. It was distantly followed by Mexico (X units), making up a 19% share of total exports. The following exporters - the Dominican Republic (X units) and Colombia (X units) - each reached a 3.2% share of total exports.

Exports from Brazil increased at an average annual rate of +16.9% from 2012 to 2022. At the same time, the Dominican Republic (+66.0%) and Colombia (+16.5%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +66.0% from 2012-2022. By contrast, Mexico (-9.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and the Dominican Republic increased by +54 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest meat-preparation industrial machinery supplier in Latin America and the Caribbean, comprising 63% of total exports. The second position in the ranking was held by Mexico ($X), with a 21% share of total exports. It was followed by Colombia, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to +4.2%. In the other countries, the average annual rates were as follows: Mexico (-10.7% per year) and Colombia (+0.1% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, falling by -11.7% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 33% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Colombia ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-1.9%), while the other leaders experienced a decline in the export price figures.

Meat-Preparation Industrial Machinery Imports

Imports in Latin America and the Caribbean

Meat-preparation industrial machinery imports skyrocketed to X units in 2022, rising by 19% against the previous year. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, meat-preparation industrial machinery imports soared to $X in 2022. Overall, imports, however, saw a noticeable descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X units) and Chile (X units) represented the major importers of industrial machinery for the preparation of meat or poultry in Latin America and the Caribbean, together resulting at approx. 52% of total imports. Argentina (X units) ranks next in terms of the total imports with an 11% share, followed by Colombia (6.3%) and Ecuador (5.1%). The following importers - the Dominican Republic (X units), Brazil (X units), Peru (X units), Uruguay (X units), Bolivia (X units) and Paraguay (X units) - together made up 20% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Dominican Republic (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported industrial machinery for the preparation of meat or poultry in Latin America and the Caribbean, comprising 37% of total imports. The second position in the ranking was held by Mexico ($X), with a 16% share of total imports. It was followed by Argentina, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled -1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+1.2% per year) and Argentina (+0.9% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by 12% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 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 Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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