Latin America and the Caribbean: Food Sorting Machine Market 2024

Food Sorting Machine Market Size in Latin America and the Caribbean

The Latin American food sorting machine market stood at $X.1B in 2022, with an increase of X% against the previous year. The total consumption indicated a prominent 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 decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X.2B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Food Sorting Machine Production in Latin America and the Caribbean

In value terms, food sorting machine production rose markedly to $X.7B in 2022 estimated in export price. The total production indicated a strong expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X.1B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Food Sorting Machine Exports

Exports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in overseas shipments of machines for cleaning, sorting or grading eggs and fruit, when their volume decreased by X% to X units. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, food sorting machine exports declined to $X in 2022. In general, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Uruguay (X units), Mexico (X units) and Argentina (X units), together creating a X% share of total exports. Chile (X units) and Guatemala (X units) held a minor share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Uruguay (X%), Guatemala (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Uruguay (X p.p.), Mexico (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (X p.p.) and Argentina (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X), Uruguay ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Argentina, Chile and Guatemala lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Guatemala, with a CAGR of X%, recorded the highest growth rate of 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, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The level of export peaked at $X per unit in 2012; however, from 2013 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 Uruguay ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Food Sorting Machine Imports

Imports in Latin America and the Caribbean

In 2022, food sorting machine imports in Latin America and the Caribbean shrank sharply to X units, which is down by X% compared with 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, food sorting machine imports reduced sharply to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Chile (X units) was the key importer of machines for cleaning, sorting or grading eggs and fruit, comprising X% of total imports. Brazil (X units) took the second position in the ranking, followed by Peru (X units). All these countries together held approx. X% share of total imports. Argentina (X units), Mexico (X units), Uruguay (X units), Colombia (X units), the Dominican Republic (X units), Nicaragua (X units), Guatemala (X units) and Ecuador (X units) took a minor share of total imports.

Chile experienced a relatively flat trend pattern with regard to volume of imports of machines for cleaning, sorting or grading eggs and fruit. At the same time, Nicaragua (X%), the Dominican Republic (X%), Uruguay (X%), Ecuador (X%), Colombia (X%), Peru (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%), Mexico (X%) and Guatemala (X%) illustrated a downward trend over the same period. Peru (X p.p.), Uruguay (X p.p.), the Dominican Republic (X p.p.), Nicaragua (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Guatemala, 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, Chile ($X) constitutes the largest market for imported machines for cleaning, sorting or grading eggs and fruit in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Peru, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Chile was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Nicaragua ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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