Brazil: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Brazil

The Brazilian wood bending machine market skyrocketed to $X in 2021, rising by 470% against the previous year. Overall, consumption, however, saw a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wood Bending Machine Production in Brazil

In value terms, wood bending machine production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Wood Bending Machine Exports

Exports from Brazil

Wood bending machine exports from Brazil declined notably to X units in 2021, reducing by -22.4% compared with the previous year's figure. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 163% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, wood bending machine exports contracted to $X in 2021. Over the period under review, exports, however, saw a slight increase. The pace of growth appeared the most rapid in 2020 when exports increased by 201% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

India (X units), Canada (X units) and Paraguay (X units) were the main destinations of wood bending machine exports from Brazil, together comprising 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +116.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) emerged as the key foreign market for bending or assembling machines exports from Brazil, comprising 66% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports. It was followed by Paraguay, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic totaled +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+73.8% per year) and Paraguay (-8.8% per year).

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, with an increase of 16% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 896% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+50.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Brazil

After two years of decline, purchases abroad of bending or assembling machines increased by 493% to X units in 2021. In general, imports, however, faced a abrupt decrease. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wood bending machine imports soared to $X in 2021. Overall, imports, however, saw a mild setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest wood bending machine supplier to Brazil, accounting for a 88% share of total imports. Moreover, wood bending machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -14.7%.

In value terms, the largest wood bending machine suppliers to Brazil were China ($X) and Italy ($X).

In terms of the main suppliers, China, with a CAGR of +11.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, reducing by -51.3% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 748% against the previous year. The import price peaked at $X per unit in 2020, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+93.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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