Latin America and the Caribbean: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Latin America and the Caribbean

The Latin American agricultural harvester market soared to $X in 2023, growing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Agricultural Harvester Production in Latin America and the Caribbean

In value terms, agricultural harvester production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a slight setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Agricultural Harvester Exports

Exports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in shipments abroad of agricultural harvesters, when their volume decreased by X% to X units. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, agricultural harvester exports expanded to $X in 2023. Overall, exports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. It was distantly followed by Argentina (X units), achieving a X% share of total exports.

Brazil was also the fastest-growing in terms of the agricultural harvesters exports, with a CAGR of X% from 2012 to 2023. Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil increased by X percentage points.

In value terms, Brazil ($X) remains the largest agricultural harvester supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

In Brazil, agricultural harvester exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, jumping by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, agricultural harvester export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Agricultural Harvester Imports

Imports in Latin America and the Caribbean

In 2023, purchases abroad of agricultural harvesters increased by X% to X units, rising for the third year in a row after three years of decline. Overall, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, agricultural harvester imports rose sharply to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X units), Argentina (X units), Mexico (X units), Paraguay (X units), Colombia (X units) and Guyana (X units) represented the key importer of agricultural harvesters in Latin America and the Caribbean, creating X% of total import. The following importers - Chile (X units), Peru (X units), Bolivia (X units), Venezuela (X units) and Uruguay (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported agricultural harvesters in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Paraguay ($X), with an X% share of total imports. It was followed by Mexico, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Paraguay (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, standing approx. at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uruguay ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform