Latin America and the Caribbean: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Latin America and the Caribbean

In 2021, after three years of decline, there was significant growth in the Latin American feedstuff preparing machinery market, when its value increased by 11% to $X. Over the period under review, consumption, however, continues to indicate a pronounced contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Feedstuff Preparing Machinery Production in Latin America and the Caribbean

In value terms, feedstuff preparing machinery production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2014 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Feedstuff Preparing Machinery Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of machinery for preparing animal feedstuffs was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2016 with an increase of 36%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, feedstuff preparing machinery exports soared to $X in 2021. Over the period under review, exports, however, showed a perceptible setback. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, finishing at X units, which was near 92% of total exports in 2021. The following exporters - Argentina (X units) and Colombia (X units) - together made up 4.7% of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of machinery for preparing animal feedstuffs. At the same time, Colombia (+4.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +4.6% from 2012-2021. By contrast, Argentina (-10.2%) illustrated a downward trend over the same period. While the share of Brazil (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest feedstuff preparing machinery supplier in Latin America and the Caribbean, comprising 92% of total exports. The second position in the ranking was held by Argentina ($X), with a 2.7% share of total exports.

In Brazil, feedstuff preparing machinery exports contracted by an average annual rate of -1.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-14.1% per year) and Colombia (+5.1% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by 14% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+0.5%), while the other leaders experienced a decline in the export price figures.

Feedstuff Preparing Machinery Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of machinery for preparing animal feedstuffs increased by 38% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a slight reduction. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, feedstuff preparing machinery imports soared to $X in 2021. Over the period under review, imports, however, saw a noticeable shrinkage. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X units), distantly followed by Chile (X units), Paraguay (X units), Ecuador (X units), Mexico (X units), Panama (X units) and Guatemala (X units) were the main importers of machinery for preparing animal feedstuffs, together generating 71% of total imports. Honduras (X units), Uruguay (X units), the Dominican Republic (X units), Peru (X units), Venezuela (X units) and Argentina (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 leading importing countries, was attained by Guatemala (with a CAGR of +36.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported machinery for preparing animal feedstuffs in Latin America and the Caribbean, comprising 27% of total imports. The second position in the ranking was taken by Chile ($X), with a 13% share of total imports. It was followed by Ecuador, with a 9% share.

In Brazil, feedstuff preparing machinery imports increased at an average annual rate of +2.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+7.7% per year) and Ecuador (+20.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, dropping by -3.8% against the previous year. In general, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 4.9% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per unit), while Honduras ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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