Latin America and the Caribbean: Poultry-Keeping Machinery Market 2024

Poultry-Keeping Machinery Market Size in Latin America and the Caribbean

The Latin American poultry-keeping machinery market reached $X in 2022, remaining relatively unchanged against the previous year. In general, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Poultry-Keeping Machinery Production in Latin America and the Caribbean

In value terms, poultry-keeping machinery production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8.3%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Poultry-Keeping Machinery Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of poultry-keeping machinery increased by 21% to X units, rising for the fourth consecutive year after two years of decline. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.2% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 28%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, poultry-keeping machinery exports surged to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 34%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Brazil dominates exports structure, reaching X units, which was approx. 89% of total exports in 2022. It was distantly followed by Mexico (X units), making up a 6.9% share of total exports. Colombia (X units) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the poultry-keeping machinery exports, with a CAGR of +7.4% from 2012 to 2022. Colombia and Mexico experienced a relatively flat trend pattern. While the share of Brazil (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (-2.5 p.p.) and Mexico (-6.4 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest poultry-keeping machinery supplier in Latin America and the Caribbean, comprising 87% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +4.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (-0.0% per year) and Colombia (-3.3% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, growing by 6.8% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the export price increased by 21%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.9%), while the other leaders experienced a decline in the export price figures.

Poultry-Keeping Machinery Imports

Imports in Latin America and the Caribbean

In 2022, poultry-keeping machinery imports in Latin America and the Caribbean reduced modestly to X units, falling by -2.4% against the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 28%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, poultry-keeping machinery imports totaled $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 24%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Peru (X units), Mexico (X units), Argentina (X units), Bolivia (X units), Ecuador (X units), Brazil (X units), Guatemala (X units), Colombia (X units), Honduras (X units), the Dominican Republic (X units), Chile (X units) and Paraguay (X units) represented the key importer of poultry-keeping machinery in Latin America and the Caribbean, creating 89% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bolivia (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Argentina ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 37% of total imports. Bolivia, Ecuador, Brazil, the Dominican Republic, Colombia, Guatemala, Honduras, Chile and Paraguay lagged somewhat behind, together accounting for a further 51%.

Among the main importing countries, the Dominican Republic, with a CAGR of +20.8%, 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 more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, growing by 9.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the Dominican Republic ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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