Brazil: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Brazil

The Brazilian agricultural forestry machinery market expanded to $X in 2022, surging by 1.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Agricultural Forestry Machinery Production in Brazil

In value terms, agricultural forestry machinery production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports from Brazil

In 2022, overseas shipments of agricultural forestry machinery (lawn or sportsground rollers) decreased by -13.8% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 30% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, agricultural forestry machinery exports expanded sharply to $X in 2022. Overall, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 45%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for agricultural forestry machinery exports from Brazil, with a 38% share of total exports. Moreover, agricultural forestry machinery exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X units), twofold. Bolivia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Uruguay totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+1.8% per year) and Bolivia (+3.8% per year).

In value terms, the largest markets for agricultural forestry machinery exported from Brazil were Uruguay ($X), Paraguay ($X) and Bolivia ($X), together accounting for 66% of total exports. Argentina, Angola, the Dominican Republic, Chile, Honduras, Ecuador and Venezuela lagged somewhat behind, together accounting for a further 19%.

The Dominican Republic, with a CAGR of +49.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, surging by 28% against the previous year. In general, the export price, however, recorded a slight descent. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+0.3%), while the prices for the other major destinations experienced a decline.

Agricultural Forestry Machinery Imports

Imports into Brazil

In 2022, after two years of growth, there was significant decline in supplies from abroad of agricultural forestry machinery (lawn or sportsground rollers), when their volume decreased by -12% to X units. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 93%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, agricultural forestry machinery imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of agricultural forestry machinery imports to Brazil, together comprising 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +66.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery suppliers to Brazil were China ($X), Germany ($X) and Belgium ($X), together comprising 91% of total imports.

Belgium, with a CAGR of +75.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, with an increase of 5.2% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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