Latin America and the Caribbean: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Latin America and the Caribbean

The Latin American fats preparation machinery market rose rapidly to $X in 2022, picking up by 13% against the previous year. Over the period under review, consumption recorded a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fats Preparation Machinery Production in Latin America and the Caribbean

In value terms, fats preparation machinery production dropped to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -22.2% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Fats Preparation Machinery Exports

Exports in Latin America and the Caribbean

In 2022, fats preparation machinery exports in Latin America and the Caribbean dropped to X units, shrinking by -9.3% compared with 2021. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 293% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fats preparation machinery exports skyrocketed to $X in 2022. Overall, exports faced a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 70% against the previous year. 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 prevails in exports structure, reaching X units, which was approx. 84% of total exports in 2022. It was distantly followed by Colombia (X units), making up a 7.3% share of total exports. Argentina (X units) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports, with a CAGR of -10.4% from 2012 to 2022. Colombia (-18.1%) and Argentina (-25.3%) illustrated a downward trend over the same period. Brazil (+21 p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Argentina saw its share reduced by -6.1% and -15.2% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest fats preparation machinery supplier in Latin America and the Caribbean, comprising 73% of total exports. The second position in the ranking was taken by Colombia ($X), with a 14% share of total exports.

In Brazil, fats preparation machinery exports decreased by an average annual rate of -12.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (-15.4% per year) and Argentina (-28.6% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 58% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The growth pace was the most rapid in 2020 an increase of 217%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Colombia ($X per unit), while Brazil ($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 (+3.2%), while the other leaders experienced a decline in the export price figures.

Fats Preparation Machinery Imports

Imports in Latin America and the Caribbean

In 2022, the amount of machinery for the extraction or preparation of animal or fixed vegetable fats or oils imported in Latin America and the Caribbean surged to X units, picking up by 173% on 2021. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 955%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, fats preparation machinery imports soared to $X in 2022. Overall, imports, however, saw a perceptible decline. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bolivia prevails in imports structure, accounting for X units, which was near 87% of total imports in 2022. The following importers - Paraguay (X units) and Colombia (X units) - each accounted for a 3.9% share of total imports.

Bolivia was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils imports, with a CAGR of +52.3% from 2012 to 2022. At the same time, Colombia (+9.5%) displayed positive paces of growth. By contrast, Paraguay (-6.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bolivia increased by +81 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bolivia ($X), Colombia ($X) and Paraguay ($X) were the countries with the highest levels of imports in 2022, with a combined 36% share of total imports.

Among the main importing countries, Bolivia, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, dropping by -43% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by 702%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per unit), while Bolivia ($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 (-5.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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