Latin America and the Caribbean: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Latin America and the Caribbean

The Latin American sugar-manufacturing industrial machinery market totaled $X.8B in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a deep setback. The level of consumption peaked at $X.4B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Latin America and the Caribbean

In value terms, sugar-manufacturing industrial machinery production rose to $X.2B in 2022 estimated in export price. In general, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X.5B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were exported in Latin America and the Caribbean; surging by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports expanded notably to $X in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. El Salvador (X units) ranks second in terms of the total exports with a X% share, followed by Colombia (X%). Costa Rica (X units) and Panama (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sugar-manufacturing industrial machinery exports from Brazil stood at X%. At the same time, Colombia (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, El Salvador (X%) and Panama (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Colombia (X p.p.), El Salvador (X p.p.) and Costa Rica (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest sugar-manufacturing industrial machinery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports. It was followed by El Salvador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and El Salvador (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 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 Colombia ($X per unit), while Panama ($X per unit) was amongst the lowest.

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

Sugar-Manufacturing Industrial Machinery Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of sugar increased by X% to X units, rising for the second consecutive year after six years of decline. Over the period under review, imports, however, recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports shrank significantly to $X in 2022. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Paraguay (X units), distantly followed by Guatemala (X units), Guyana (X units), Suriname (X units), Belize (X units), Ecuador (X units) and El Salvador (X units) were the major importers of industrial machinery for the manufacture or preparation of sugar, together achieving X% of total imports. Costa Rica (X units), Honduras (X units), the Dominican Republic (X units), Mexico (X units), Panama (X units) and Bolivia (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 Suriname (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guyana ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total imports. It was followed by Paraguay, with an X% share.

In Guyana, sugar-manufacturing industrial machinery imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and Paraguay (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced notably in the following year.

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 Guyana ($X per unit), while Suriname ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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