Brazil: Boring Machinery Market 2025

Boring Machinery Market Size in Brazil

In 2022, the Brazilian boring machinery market decreased by -11.1% to $X, falling for the second consecutive year after four years of growth. Overall, consumption showed a deep reduction. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Boring Machinery Production in Brazil

In value terms, boring machinery production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Boring Machinery Exports

Exports from Brazil

In 2022, after two years of decline, there was significant growth in overseas shipments of boring or sinking machinery, when their volume increased by 24% to X units. In general, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 157% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, boring machinery exports soared to $X in 2022. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 126% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X units) was the main destination for boring machinery exports from Brazil, accounting for a 38% share of total exports. Moreover, boring machinery exports to Argentina exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was taken by the United States (X units), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.4% per year) and the United States (-9.6% per year).

In value terms, Argentina ($X) remains the key foreign market for boring or sinking machinery exports from Brazil, comprising 52% of total exports. The second position in the ranking was held by Chile ($X), with a 9.3% share of total exports. It was followed by the United States, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-6.6% per year) and the United States (-13.7% per year).

Export Prices by Country

In 2022, the average boring machinery export price amounted to $X per unit, shrinking by -1.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to the Netherlands ($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 Angola (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into Brazil

In 2022, supplies from abroad of boring or sinking machinery decreased by -1.5% to X units, falling for the second year in a row after four years of growth. In general, imports recorded a perceptible decrease. The growth pace was the most rapid in 2019 when imports increased by 995% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, boring machinery imports shrank sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 2,913% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest boring machinery supplier to Brazil, with a 44% share of total imports. Moreover, boring machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. South Korea (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.5% per year) and South Korea (+1.7% per year).

In value terms, China ($X), Sweden ($X) and the United States ($X) were the largest boring machinery suppliers to Brazil, together comprising 72% of total imports. Portugal, Japan, South Korea, India and Canada lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Japan, with a CAGR of +12.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average boring machinery import price stood at $X per unit in 2022, reducing by -44.3% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 175% against the previous year. The import price peaked at $X per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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