Brazil: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Brazil

In 2022, the Brazilian market for turbo, rotary and reciporating displacement compressors increased by 0.4% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Brazil

In value terms, production of turbo, rotary and reciporating displacement compressors fell rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate slight growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 80%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Brazil

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors increased by 48% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. In general, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 158%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Argentina (X units) and Switzerland (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Brazil, with a combined 58% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Brazil, comprising 47% of total exports. The second position in the ranking was taken by Argentina ($X), with a 13% share of total exports. It was followed by Switzerland, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-6.6% per year) and Switzerland (+42.1% per year).

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, which is down by -8.8% against the previous year. Overall, the export price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 113%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to India ($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 Argentina (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Brazil

In 2022, purchases abroad of turbo, rotary and reciporating displacement compressors increased by 13% to X units, rising for the third year in a row after two years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of turbo, rotary and reciporating displacement compressors expanded rapidly to $X in 2022. Overall, imports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2016 with an increase of 17% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Brazil, accounting for a 79% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+42.2% per year) and the United States (-11.2% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Brazil were China ($X), the United States ($X) and Mexico ($X), with a combined 52% share of total imports.

Mexico, with a CAGR of +25.3%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, approximately mirroring the previous year. In general, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 41%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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