MERCOSUR: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in MERCOSUR

The MERCOSUR sugar-manufacturing industrial machinery market expanded rapidly to $X in 2022, surging by 5.6% against the previous year. In general, consumption, however, showed a pronounced setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in MERCOSUR

In value terms, sugar-manufacturing industrial machinery production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in MERCOSUR

Sugar-manufacturing industrial machinery exports surged to X units in 2022, picking up by 68% compared with the previous year's figure. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports soared to $X in 2022. In general, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 60%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, finishing at X units, which was near 96% of total exports in 2022. Colombia (X units) took a minor share of total exports.

Exports from Brazil decreased at an average annual rate of -5.3% from 2012 to 2022. Colombia experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest sugar-manufacturing industrial machinery supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was held by Colombia ($X), with a 5.9% share of total exports.

In Brazil, sugar-manufacturing industrial machinery exports shrank by an average annual rate of -13.6% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, reducing by -20.6% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 39%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 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 Colombia ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.8%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in MERCOSUR

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of sugar increased by 167% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when imports increased by 167% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2022. Overall, imports, however, recorded a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Paraguay (X units) was the main importer of industrial machinery for the manufacture or preparation of sugar, comprising 66% of total imports. It was distantly followed by Guyana (X units), mixing up a 26% share of total imports. The following importers - Peru (X units) and Colombia (X units) - together made up 5.5% of total imports.

Paraguay was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar imports, with a CAGR of -9.6% from 2012 to 2022. Guyana (-10.8%), Colombia (-15.3%) and Peru (-20.0%) illustrated a downward trend over the same period. Paraguay (+13 p.p.) and Guyana (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Peru saw its share reduced by -6.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guyana ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in MERCOSUR, comprising 66% of total imports. The second position in the ranking was held by Paraguay ($X), with a 21% share of total imports. It was followed by Peru, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Guyana totaled +10.5%. The remaining importing countries recorded the following average annual rates of imports growth: Paraguay (-3.4% per year) and Peru (-21.0% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, picking up by 77% against the previous year. In general, the import price showed resilient growth. The pace of growth was the most pronounced in 2014 an increase of 102% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 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 Guyana ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (+24.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform