MERCOSUR: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in MERCOSUR

In 2022, after two years of growth, there was significant decline in the MERCOSUR industrial bakery machinery market, when its value decreased by -9% to $X. Over the period under review, consumption showed a noticeable curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Industrial Bakery Machinery Production in MERCOSUR

In value terms, industrial bakery machinery production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 80% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Industrial Bakery Machinery Exports

Exports in MERCOSUR

Industrial bakery machinery exports shrank to X units in 2022, waning by -7.5% compared with the previous year. Over the period under review, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 with an increase of 44% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial bakery machinery exports stood at $X in 2022. Overall, exports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of 59%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X units) represented the major exporter of industrial bakery machinery, achieving 75% of total exports. It was distantly followed by Argentina (X units) and Peru (X units), together mixing up an 18% share of total exports. Colombia (X units) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of industrial bakery machinery. At the same time, Colombia (+20.1%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +20.1% from 2012-2022. By contrast, Argentina (-7.9%) and Peru (-8.3%) illustrated a downward trend over the same period. While the share of Brazil (+17 p.p.) and Colombia (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Peru (-6.2 p.p.) and Argentina (-10.5 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest industrial bakery machinery supplier in MERCOSUR, comprising 78% of total exports. The second position in the ranking was held by Argentina ($X), with a 10% share of total exports. It was followed by Colombia, with a 4.1% share.

In Brazil, industrial bakery machinery exports increased at an average annual rate of +1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (-13.0% per year) and Colombia (+24.1% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, with an increase of 9.6% against the previous year. Overall, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2020 when the export price increased by 11% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+3.3%), while the other leaders experienced mixed trends in the export price figures.

Industrial Bakery Machinery Imports

Imports in MERCOSUR

After two years of growth, purchases abroad of industrial bakery machinery decreased by -16.3% to X units in 2022. Overall, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2018 when imports increased by 52% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial bakery machinery imports shrank sharply to $X in 2022. In general, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X units), distantly followed by Brazil (X units), Peru (X units), Venezuela (X units), Argentina (X units), Colombia (X units), Ecuador (X units), Paraguay (X units) and Uruguay (X units) were the main importers of industrial bakery machinery, together committing 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +4.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial bakery machinery importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Peru ($X), with a combined 62% share of total imports.

Chile, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, declining by -13.2% against the previous year. Overall, the import price saw a mild decline. The growth pace was the most rapid in 2021 an increase of 6% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Brazil ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform