Latin America and the Caribbean: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Latin America and the Caribbean

In 2021, the Latin American market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables increased by 17% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.7% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Latin America and the Caribbean

In value terms, production of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables soared to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 decreased by -22.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 44% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports in Latin America and the Caribbean

In 2021, overseas shipments of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables were finally on the rise to reach X units after three years of decline. In general, exports, however, saw a noticeable curtailment. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables skyrocketed to $X in 2021. Overall, exports, however, recorded a perceptible setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in vegetables structure, reaching X units, which was approx. 86% of total exports in 2021. It was distantly followed by Argentina (X units), achieving a 5.2% share of total exports. Costa Rica (X units) and Colombia (X units) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables. At the same time, Costa Rica (+3.5%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +3.5% from 2012-2021. By contrast, Argentina (-10.5%) and Colombia (-12.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest seed cleaning, sorting and grading machine supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was held by Argentina ($X), with a 6.5% share of total exports. It was followed by Costa Rica, with a 5.4% share.

In Brazil, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables shrank by an average annual rate of -2.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-7.9% per year) and Costa Rica (-2.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, shrinking by -6.1% against the previous year. In general, the export price showed a mild shrinkage. The pace of growth was the most pronounced in 2014 an increase of 6.7% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2016; however, from 2017 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 Costa Rica ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.9%), while the other leaders experienced a decline in the export price figures.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports in Latin America and the Caribbean

In 2021, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables in Latin America and the Caribbean surged to X units, growing by 17% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables skyrocketed to $X in 2021. In general, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 19% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Paraguay (X units), Chile (X units), Brazil (X units), Peru (X units), Colombia (X units), Mexico (X units), Argentina (X units), Ecuador (X units), Honduras (X units), Guatemala (X units), Bolivia (X units) and Uruguay (X units) represented roughly 83% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Colombia (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest seed cleaning, sorting and grading machine importing markets in Latin America and the Caribbean were Argentina ($X), Brazil ($X) and Chile ($X), together comprising 38% of total imports.

In terms of the main importing countries, Chile, with a CAGR of +7.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, almost unchanged from the previous year. In general, the import price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2017 when the import price increased by 4.4% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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