Latin America and the Caribbean: Milking Machine Market 2024

Milking Machine Market Size in Latin America and the Caribbean

The Latin American milking machine market totaled $X in 2022, surging by X% against the previous year. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Milking Machine Production in Latin America and the Caribbean

In value terms, milking machine production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Milking Machine Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of milking machines increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, milking machine exports soared to $X in 2022. Overall, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil represented the key exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Colombia (X units), generating a X% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of milking machines. At the same time, Colombia (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. Brazil (X p.p.) and Colombia (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 ($X) remains the largest milking machine supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

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

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. In general, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 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 Brazil ($X per unit), while Colombia amounted to $X per unit.

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

Milking Machine Imports

Imports in Latin America and the Caribbean

Milking machine imports skyrocketed to X units in 2022, picking up by X% against 2021 figures. Overall, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, milking machine imports totaled $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Brazil was the main importer of milking machines in Latin America and the Caribbean, with the volume of imports resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Argentina (X units), Chile (X units) and Uruguay (X units), together committing a X% share of total imports. Colombia (X units) and Bolivia (X units) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the milking machines imports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%), Colombia (X%) and Chile (X%) displayed positive paces of growth. By contrast, Bolivia (X%) and Uruguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Argentina, Chile and Colombia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest milking machine importing markets in Latin America and the Caribbean were Brazil ($X), Argentina ($X) and Chile ($X), together comprising X% of total imports.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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, with a decrease of X% against the previous year. Overall, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices failed to regain momentum.

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 Argentina ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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