Latin America and the Caribbean: Poultry Incubator Market 2024

Poultry Incubator Market Size in Latin America and the Caribbean

The Latin American poultry incubator market totaled $X in 2022, picking up by X% against the previous year. In general, consumption, however, continues to indicate a slight decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Poultry Incubator Production in Latin America and the Caribbean

In value terms, poultry incubator production rose remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a slight contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Poultry Incubator Exports

Exports in Latin America and the Caribbean

In 2022, the amount of poultry incubators and brooders exported in Latin America and the Caribbean surged to X units, increasing by X% on the previous year's figure. In general, exports, however, showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, poultry incubator exports surged to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, recording X units, which was near X% of total exports in 2022. Chile (X units) ranks second in terms of the total exports with a X% share, followed by Guatemala (X%). Panama (X units) and El Salvador (X units) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of poultry incubators and brooders. At the same time, Chile (X%), Guatemala (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Panama (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Chile, Guatemala, Panama and El Salvador increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, poultry incubator exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Guatemala (X% per year).

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. Export price indicated a buoyant expansion from 2012 to 2022: its price 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, poultry incubator export price increased by X% against 2019 indices. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; afterwards, it flattened through to 2022.

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 Brazil ($X per unit), while El Salvador ($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.

Poultry Incubator Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of poultry incubators and brooders increased by X% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, poultry incubator imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X units), distantly followed by Colombia (X units), Ecuador (X units), the Dominican Republic (X units), Argentina (X units) and Venezuela (X units) represented the major importers of poultry incubators and brooders, together comprising X% of total imports. The following importers - Bolivia (X units), Peru (X units), Mexico (X units), Guatemala (X units) and Chile (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

The Dominican Republic, 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, falling by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a 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 Venezuela ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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