Brazil: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Brazil

The Brazilian metal broaching machine market skyrocketed to $X in 2021, jumping by 43% against the previous year. Overall, consumption showed slight growth. Metal broaching machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Broaching Machine Production in Brazil

In value terms, metal broaching machine production soared to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2019 with an increase of 49% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Broaching Machine Exports

Exports from Brazil

In 2021, approx. X units of broaching machines for working metal were exported from Brazil; surging by 20% against the year before. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 3,200%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal broaching machine exports reduced sharply to $X in 2021. Over the period under review, exports, however, saw a significant contraction. The pace of growth appeared the most rapid in 2014 with an increase of 3,767% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Guatemala (X units) and Paraguay (X units) were the main destinations of metal broaching machine exports from Brazil, together comprising 67% of total exports. Moreover, metal broaching machine exports in the United States exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Mexico ($X) remains the key foreign market for broaching machines for working metal exports from Brazil, comprising 34% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at -18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.6% per year) and Italy (-5.1% per year).

Export Prices by Country

The average metal broaching machine export price stood at $X per unit in 2021, dropping by -48% against the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2019 an increase of 874%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Paraguay ($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 Italy (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Brazil

In 2021, the amount of broaching machines for working metal imported into Brazil soared to X units, rising by 575% compared with the previous year's figure. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 1,830% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, metal broaching machine imports surged to $X in 2021. Overall, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by 886%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest metal broaching machine supplier to Brazil, with a 78% share of total imports. Moreover, metal broaching machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was held by the United States (X units), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.2% per year) and the United States (0.0% per year).

In value terms, Taiwan (Chinese) ($X), Japan ($X) and South Korea ($X) appeared to be the largest metal broaching machine suppliers to Brazil, with a combined 91% share of total imports. These countries were followed by the United States, Germany, France and China, which together accounted for a further 3.3%.

The United States, with a CAGR of +28.8%, 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 2021, the average metal broaching machine import price amounted to $X per unit, surging by 11% against the previous year. In general, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2013 an increase of 55% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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