Latin America and the Caribbean: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Latin America and the Caribbean

The Latin American industrial bakery machinery market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption saw a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Bakery Machinery Production in Latin America and the Caribbean

In value terms, industrial bakery machinery production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of industrial bakery machinery were exported in Latin America and the Caribbean; approximately reflecting the previous year's figure. Overall, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial bakery machinery exports expanded sharply to $X in 2022. In general, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil was the main exporting country with an export of around X units, which accounted for X% of total exports. Mexico (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%) and Peru (X%). The following exporters - Colombia (X units), Guatemala (X units) and Uruguay (X units) - together made up X% of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of industrial bakery machinery. At the same time, Uruguay (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Guatemala (X%), Peru (X%), Argentina (X%) and Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest industrial bakery machinery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

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

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Guatemala ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Industrial Bakery Machinery Imports

Imports in Latin America and the Caribbean

In 2022, the amount of industrial bakery machinery imported in Latin America and the Caribbean contracted significantly to X units, dropping by X% on the year before. In general, imports showed a slight downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial bakery machinery imports reduced notably to $X in 2022. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Mexico (X units) and Chile (X units) represented roughly X% of total imports in 2022. It was distantly followed by Brazil (X units), the Dominican Republic (X units), Argentina (X units), Venezuela (X units), Colombia (X units) and Guatemala (X units), together making up a X% share of total imports. Peru (X units), Trinidad and Tobago (X units), Uruguay (X units), Paraguay (X units) and Ecuador (X units) took a minor share of total imports.

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

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Dominican Republic, Guatemala, Venezuela, Argentina, Colombia, Peru, Ecuador, Trinidad and Tobago, Paraguay and Uruguay lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Trinidad and Tobago, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :