Brazil: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Brazil

The Brazilian internal combustion engine equipment market reduced to $X in 2022, shrinking by -2.9% against the previous year. In general, consumption showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Equipment For Internal Combustion Engines in Brazil

In value terms, internal combustion engine equipment production dropped to $X in 2022 estimated in export price. In general, production showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Equipment For Internal Combustion Engines

Exports from Brazil

Internal combustion engine equipment exports from Brazil reduced dramatically to X units in 2022, declining by -46.5% against the year before. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 44%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, internal combustion engine equipment exports fell notably to $X in 2022. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X units) was the main destination for internal combustion engine equipment exports from Brazil, accounting for a 41% share of total exports. Moreover, internal combustion engine equipment exports to Paraguay exceeded the volume sent to the second major destination, South Africa (X units), fourfold. The third position in this ranking was held by Argentina (X units), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Paraguay totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+59.2% per year) and Argentina (-8.6% per year).

In value terms, the United States ($X) remains the key foreign market for equipment for internal combustion engines exports from Brazil, comprising 40% of total exports. The second position in the ranking was held by Paraguay ($X), with a 15% share of total exports. It was followed by Mexico, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+5.4% per year) and Mexico (+0.7% per year).

Export Prices by Country

In 2022, the average internal combustion engine equipment export price amounted to $X per unit, rising by 24% against the previous year. Overall, the export price recorded modest growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 Italy (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Internal Combustion Engines

Imports into Brazil

In 2022, purchases abroad of equipment for internal combustion engines increased by 25% to X units, rising for the second consecutive year after five years of decline. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +50.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 90% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, internal combustion engine equipment imports surged to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of internal combustion engine equipment to Brazil, with a 58% share of total imports. Moreover, internal combustion engine equipment imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. Japan (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+72.2% per year) and Japan (+0.6% per year).

In value terms, the largest internal combustion engine equipment suppliers to Brazil were Thailand ($X), China ($X) and Japan ($X), with a combined 79% share of total imports. Germany, Italy, Hong Kong SAR and Mexico lagged somewhat behind, together accounting for a further 7.7%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +76.3%, 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

In 2022, the average internal combustion engine equipment import price amounted to $X per unit, leveling off at the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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