Latin America and the Caribbean: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in Latin America and the Caribbean

The Latin American hide preparing machinery market declined rapidly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Hide Preparing Machinery Production in Latin America and the Caribbean

In value terms, hide preparing machinery production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Hide Preparing Machinery Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of machinery for preparing, tanning or working hides, skins or leather increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, hide preparing machinery exports declined dramatically to $X in 2022. In general, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Brazil dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. The Dominican Republic (X units) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the machinery for preparing, tanning or working hides, skins or leather exports, with a CAGR of X% from 2012 to 2022. At the same time, the Dominican Republic (X%) displayed positive paces of growth. Brazil (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 ($X) remains the largest hide preparing machinery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 the Dominican Republic ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%).

Hide Preparing Machinery Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of machinery for preparing, tanning or working hides, skins or leather increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hide preparing machinery imports shrank markedly to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Peru (X units), Brazil (X units) and Argentina (X units) was the key importer of machinery for preparing, tanning or working hides, skins or leather in Latin America and the Caribbean, committing X% of total import. Mexico (X units) ranks next in terms of the total imports with a X% share, followed by the Dominican Republic (X%) and Colombia (X%). Chile (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest hide preparing machinery importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined X% share of total imports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while the Dominican Republic ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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