Latin America and the Caribbean: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Latin America and the Caribbean

The Latin American filling containers machinery market expanded rapidly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Filling Containers Machinery Production in Latin America and the Caribbean

In value terms, filling containers machinery production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Filling Containers Machinery Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a mild decline. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, filling containers machinery exports skyrocketed to $X in 2022. Overall, exports, however, saw a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X units) represented the key exporter of machinery for filling, closing, sealing, capsuling or labelling containers, mixing up X% of total exports. It was distantly followed by Chile (X units), Mexico (X units), Argentina (X units) and Ecuador (X units), together comprising a X% share of total exports. The following exporters - the Dominican Republic (X units) and Peru (X units) - each amounted to a X% share of total exports.

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

In value terms, Brazil ($X), Argentina ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Ecuador, Peru, Chile and the Dominican Republic lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Chile ($X per unit) was amongst the lowest.

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

Filling Containers Machinery Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, filling containers machinery imports stood at $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil was the major importer of machinery for filling, closing, sealing, capsuling or labelling containers in Latin America and the Caribbean, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Chile (X units) ranks second in terms of the total imports with a X% share, followed by Mexico (X%), Argentina (X%) and Ecuador (X%). The following importers - the Dominican Republic (X units) and Peru (X units) - together made up X% of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Argentina (X%), Chile (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Mexico experienced a relatively flat trend pattern. By contrast, Peru (X%) illustrated a downward trend over the same period. Argentina (X p.p.), Chile (X p.p.) and the Dominican Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Peru, Brazil and Mexico saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported machinery for filling, closing, sealing, capsuling or labelling containers in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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