Latin America and the Caribbean: Poultry Incubator Market 2024

Poultry Incubator Market Size in Latin America and the Caribbean

The Latin American poultry incubator market dropped slightly to $X in 2022, which is down by -2.8% against the previous year. In general, consumption showed a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Poultry Incubator Production in Latin America and the Caribbean

In value terms, poultry incubator production dropped to $X in 2022 estimated in export price. Overall, production faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry Incubator Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of poultry incubators and brooders were exported in Latin America and the Caribbean; with an increase of 42% compared with 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 197%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, poultry incubator exports soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 259%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil represented the largest exporter of poultry incubators and brooders in Latin America and the Caribbean, with the volume of exports resulting at X units, which was near 77% of total exports in 2022. Argentina (X units) ranks second in terms of the total exports with a 10% share, followed by Guatemala (5.8%). El Salvador (X units) and Chile (X units) held a relatively small share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of poultry incubators and brooders. At the same time, Guatemala (+44.5%), Chile (+24.6%), Argentina (+13.9%) and El Salvador (+13.0%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +44.5% from 2012-2022. Argentina (+7.3 p.p.), Guatemala (+5.8 p.p.), El Salvador (+2.7 p.p.) and Chile (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -5.1% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest poultry incubator supplier in Latin America and the Caribbean, comprising 83% of total exports. The second position in the ranking was held by Argentina ($X), with an 11% share of total exports. It was followed by Chile, with a 2.5% share.

In Brazil, poultry incubator exports increased at an average annual rate of +1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (+12.5% per year) and Chile (+73.6% 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 19% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 21%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Chile ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.2%), while the other leaders experienced mixed trends in the export price figures.

Poultry Incubator Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of poultry incubators and brooders increased by 17% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, poultry incubator imports stood at $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) and Venezuela (X units) represented the key importers of poultry incubators and brooders in Latin America and the Caribbean, together amounting to near 51% of total imports. It was distantly followed by the Dominican Republic (X units), Colombia (X units) and Argentina (X units), together achieving a 26% share of total imports. Bolivia (X units), Ecuador (X units), Mexico (X units), Guatemala (X units), Chile (X units) and Peru (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Dominican Republic (with a CAGR of +40.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) constitutes the largest market for imported poultry incubators and brooders in Latin America and the Caribbean, comprising 34% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Colombia, with an 11% share.

In Venezuela, poultry incubator imports increased at an average annual rate of +1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+7.4% per year) and Colombia (+5.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, shrinking by -13.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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