Brazil: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Brazil

The Brazilian wood drilling machine market expanded remarkably to $X in 2021, with an increase of 6.9% against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Production in Brazil

In value terms, wood drilling machine production rose notably to $X in 2021 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 70%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports from Brazil

In 2021, approx. X units of drilling or morticing machines were exported from Brazil; growing by 25% against the year before. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 282%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood drilling machine exports surged to $X in 2021. Over the period under review, exports showed a pronounced expansion. The growth pace was the most rapid in 2019 when exports increased by 249% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Argentina (X units) and Paraguay (X units) were the main destinations of wood drilling machine exports from Brazil, together accounting for 90% of total exports.

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 +415.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for drilling or morticing machines exports from Brazil, comprising 54% of total exports. The second position in the ranking was held by Argentina ($X), with a 16% share of total exports. It was followed by Chile, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +640.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-14.0% per year) and Chile (+19.2% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, rising by 60% against the previous year. In general, the export price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2013 when the average export price increased by 193% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Mexico ($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 Chile (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Brazil

Wood drilling machine imports into Brazil fell dramatically to X units in 2021, declining by -24.4% against the previous year's figure. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 192% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wood drilling machine imports contracted to $X in 2021. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 187%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main wood drilling machine supplier to Brazil, with a 93% share of total imports. It was followed by Italy (X units), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-19.7% per year) and Germany (-17.5% per year).

In value terms, China ($X) constituted the largest supplier of drilling or morticing machines to Brazil, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-22.2% per year) and Italy (-22.7% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, surging by 18% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 323% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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