Brazil: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Brazil

The Brazilian market for diesel engines (other than for motor vehicles and aircraft) totaled $X in 2022, picking up by 9.8% against the previous year. Over the period under review, consumption recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Brazil

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 1.1% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Brazil

In 2022, shipments abroad of diesel engines (other than for motor vehicles and aircraft) increased by 20% to X units, rising for the second consecutive year after seven years of decline. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 28%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. In general, exports, however, continue to indicate a perceptible curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Argentina (X units) and Peru (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Brazil, with a combined 61% share of total exports. India, Spain, Mexico, Colombia, Nicaragua, Canada, Ecuador, Italy, Guam and Paraguay lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Guam (with a CAGR of +786.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Argentina ($X) and India ($X) constituted the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Brazil worldwide, with a combined 66% share of total exports. Peru, Mexico, Spain, Colombia, Ecuador, Canada, Italy, Guam, Paraguay and Nicaragua lagged somewhat behind, together comprising a further 24%.

Guam, with a CAGR of +207.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, growing by 12% against the previous year. Over the period under review, the export price saw a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by 111%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Nicaragua ($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 the United States (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Brazil

In 2022, purchases abroad of diesel engines (other than for motor vehicles and aircraft) increased by 34% to X units, rising for the fifth consecutive year after four years of decline. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. In general, imports saw notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 72%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest diesel engines (other than for motor vehicles and aircraft) supplier to Brazil, with a 69% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Argentina (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.6% per year) and Argentina (+18.5% per year).

In value terms, the United States ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Brazil, comprising 35% of total imports. The second position in the ranking was held by Argentina ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+16.7% per year) and China (+22.7% per year).

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, dropping by -3.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :