MERCOSUR: Poultry Incubator Market 2024

Poultry Incubator Market Size in MERCOSUR

The MERCOSUR poultry incubator market reduced slightly to $X in 2022, dropping by -3% against the previous year. Over the period under review, consumption recorded a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Poultry Incubator Production in MERCOSUR

In value terms, poultry incubator production reduced slightly to $X in 2022 estimated in export price. Overall, production faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Poultry Incubator Exports

Exports in MERCOSUR

In 2022, approx. X units of poultry incubators and brooders were exported in MERCOSUR; picking up by 40% against the year before. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 224% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, poultry incubator exports soared to $X in 2022. Overall, exports recorded mild growth. The pace of growth appeared the most rapid in 2020 when exports increased by 271% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X units) was the main exporter of poultry incubators and brooders, comprising 85% of total exports. It was distantly followed by Argentina (X units), making up an 11% share of total exports. Chile (X units) took a minor 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, Chile (+24.6%) and Argentina (+13.9%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +24.6% from 2012-2022. From 2012 to 2022, the share of Argentina and Chile increased by +8 and +2 percentage points, respectively.

In value terms, Brazil ($X) remains the largest poultry incubator supplier in MERCOSUR, comprising 85% of total exports. The second position in the ranking was taken by Argentina ($X), with a 12% share of total exports.

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

In 2022, the export price in MERCOSUR amounted to $X per unit, rising by 28% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poultry incubator export price increased by +73.5% against 2019 indices. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

Poultry Incubator Imports

Imports in MERCOSUR

In 2022, purchases abroad of poultry incubators and brooders increased by 15% to X units, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, poultry incubator imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 17%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X units) and Venezuela (X units) represented the main importers of poultry incubators and brooders in MERCOSUR, together finishing at approx. 67% of total imports. Colombia (X units) ranks next in terms of the total imports with a 12% share, followed by Argentina (10%). Ecuador (X units), Chile (X units) and Peru (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) constitutes the largest market for imported poultry incubators and brooders in MERCOSUR, comprising 44% of total imports. The second position in the ranking was held by Brazil ($X), with a 21% share of total imports. It was followed by Colombia, with a 14% 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 MERCOSUR stood at $X per unit in 2022, reducing by -9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 an increase of 11%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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