Brazil: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Brazil

The Brazilian cranks and crankshafts market shrank to $X in 2022, with a decrease of -5.9% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cranks And Crankshafts Production in Brazil

In value terms, cranks and crankshafts production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Cranks And Crankshafts Exports

Exports from Brazil

Cranks and crankshafts exports from Brazil dropped to X tons in 2022, shrinking by -6.6% compared with the year before. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 35%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cranks and crankshafts exports expanded markedly to $X in 2022. Overall, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cranks and crankshafts exports from Brazil, with a 62% share of total exports. Moreover, cranks and crankshafts exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), ninefold. Mexico (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-0.2% per year) and Mexico (-21.6% per year).

In value terms, the United States ($X) remains the key foreign market for cranks and crankshafts exports from Brazil, comprising 57% of total exports. The second position in the ranking was held by Argentina ($X), with an 8.7% share of total exports. It was followed by the UK, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+3.2% per year) and the UK (+8.5% per year).

Export Prices by Country

The average cranks and crankshafts export price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Brazil

In 2022, purchases abroad of cranks and crankshafts increased by 2.3% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cranks and crankshafts imports surged to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and Germany (X tons) were the main suppliers of cranks and crankshafts imports to Brazil, with a combined 58% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts suppliers to Brazil were China ($X), the United States ($X) and France ($X), together accounting for 52% of total imports.

Among the main suppliers, China, with a CAGR of +18.6%, 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 cranks and crankshafts import price stood at $X per ton in 2022, increasing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2014 when the average import price increased by 13%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :