Brazil: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Brazil

In 2022, the Brazilian gearboxes and speed changers market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Gearboxes and Speed Changers in Brazil

In value terms, gearboxes and speed changers production fell remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Gearboxes and speed changers production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports from Brazil

In 2022, approx. X tons of gearboxes and speed changers were exported from Brazil; surging by X% against 2021 figures. Over the period under review, exports, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports surged to $X in 2022. Overall, exports, however, recorded a pronounced contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Argentina (X tons) and Colombia (X tons) were the main destinations of gearboxes and speed changers exports from Brazil, together comprising X% of total exports. Mexico, Germany, Italy, Chile, Paraguay, Peru, Spain, Bolivia, Poland and Guatemala lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Argentina ($X) and Mexico ($X) constituted the largest markets for gearboxes and speed changers exported from Brazil worldwide, together accounting for X% of total exports. Colombia, Germany, Chile, Peru, Paraguay, Italy, Bolivia, Guatemala, Poland and Spain lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, 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 gearboxes and speed changers export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Spain ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Brazil

For the fourth year in a row, Brazil recorded growth in purchases abroad of gearboxes and speed changers, which increased by X% to X tons in 2022. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, gearboxes and speed changers imports rose significantly to $X in 2022. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest gearboxes and speed changers supplier to Brazil, accounting for a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of gearboxes and speed changers to Brazil, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

Import Prices by Country

The average gearboxes and speed changers import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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