MERCOSUR: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in MERCOSUR

The MERCOSUR fats preparation machinery market rose to $X in 2022, picking up by 3.8% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.4% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Fats Preparation Machinery Production in MERCOSUR

In value terms, fats preparation machinery production reduced to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -25.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 85% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Fats Preparation Machinery Exports

Exports in MERCOSUR

In 2022, the amount of machinery for the extraction or preparation of animal or fixed vegetable fats or oils exported in MERCOSUR fell to X units, with a decrease of -9.2% against the year before. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 297% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fats preparation machinery exports soared to $X in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, amounting to X units, which was approx. 85% of total exports in 2022. It was distantly followed by Colombia (X units), constituting a 7.4% share of total exports. Argentina (X units) held a minor share of total exports.

Brazil was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports, with a CAGR of -10.4% from 2012 to 2022. Colombia (-18.1%) and Argentina (-25.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +20 percentage points.

In value terms, Brazil ($X) remains the largest fats preparation machinery supplier in MERCOSUR, comprising 75% of total exports. The second position in the ranking was taken by Colombia ($X), with a 14% share of total exports.

In Brazil, fats preparation machinery exports shrank by an average annual rate of -12.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-15.4% per year) and Argentina (-28.6% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, growing by 57% against the previous year. In general, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 226% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 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 ($X per unit), while Brazil ($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 (+3.2%), while the other leaders experienced a decline in the export price figures.

Fats Preparation Machinery Imports

Imports in MERCOSUR

In 2022, purchases abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils was finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a deep slump. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fats preparation machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Paraguay (X units) and Colombia (X units) were the key importers of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in 2022, accounting for approx. 31% and 25% of total imports, respectively. It was distantly followed by Argentina (X units), Peru (X units) and Brazil (X units), together comprising a 33% share of total imports. Ecuador (X units), Chile (X units) and Uruguay (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, with a combined 64% share of total imports.

Brazil, with a CAGR of +6.5%, 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

The import price in MERCOSUR stood at $X per unit in 2022, falling by -4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 94%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform