Brazil: Bulldozer Market 2024

Bulldozer Market Size in Brazil

The Brazilian bulldozer market declined rapidly to $X in 2022, with a decrease of -44.1% against the previous year. Over the period under review, consumption showed a abrupt contraction. Bulldozer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Bulldozer Production in Brazil

In value terms, bulldozer production totaled $X in 2022 estimated in export price. In general, production, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2014 with an increase of 34% against the previous year. Bulldozer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Bulldozer Exports

Exports from Brazil

Bulldozer exports from Brazil surged to X units in 2022, with an increase of 23% against 2021. Overall, exports continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 when exports increased by 96% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bulldozer exports surged to $X in 2022. Over the period under review, exports recorded a modest expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 79% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for bulldozer exports from Brazil, accounting for a 59% share of total exports. Moreover, bulldozer exports to the United States exceeded the volume sent to the second major destination, Belgium (X units), eightfold. Mexico (X units) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.4% per year) and Mexico (-0.3% per year).

In value terms, the United States ($X) remains the key foreign market for bulldozers and angle dozers exports from Brazil, comprising 59% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.8% share of total exports. It was followed by Mexico, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-4.3% per year) and Mexico (-4.4% per year).

Export Prices by Country

The average bulldozer export price stood at $X per unit in 2022, increasing by 12% against the previous year. Overall, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+2.3%), while the prices for the other major destinations experienced a decline.

Bulldozer Imports

Imports into Brazil

In 2022, after two years of growth, there was significant decline in supplies from abroad of bulldozers and angle dozers, when their volume decreased by -58.4% to X units. Over the period under review, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 155%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bulldozer imports dropped dramatically to $X in 2022. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 273% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest bulldozer supplier to Brazil, with a 56% share of total imports. Moreover, bulldozer imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. China (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-11.5% per year) and China (-19.5% per year).

In value terms, the United States ($X) constituted the largest supplier of bulldozers and angle dozers to Brazil, comprising 79% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by China, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-11.3% per year) and China (-13.8% per year).

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, falling by -1.6% against the previous year. Overall, the import price, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 281%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained 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 the United States ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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