Brazil: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Brazil

The Brazilian grinding and sharpening machine market rose significantly to $X in 2022, surging by 15% against the previous year. Overall, consumption, however, saw a deep slump. Grinding and sharpening machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in Brazil

In value terms, grinding and sharpening machine production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 16%. Grinding and sharpening machine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Brazil

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by -15.8% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2014 when exports increased by 259%. Over the period under review, the exports hit record highs at X units in 2021, and then fell significantly in the following year.

In value terms, grinding and sharpening machine exports skyrocketed to $X in 2022. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belize (X units), Mexico (X units) and Malta (X units) were the main destinations of grinding and sharpening machine exports from Brazil, with a combined 49% share of total exports. Bahamas, Guatemala, the United States, Liberia, Argentina, Bolivia, Paraguay, Angola, Peru and Spain lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Liberia (with a CAGR of +1,550.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from Brazil, comprising 59% of total exports. The second position in the ranking was taken by Argentina ($X), with a 10% share of total exports. It was followed by Paraguay, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-4.0% per year) and Paraguay (-3.9% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, surging by 69% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $X per unit. 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 Mexico ($X per unit), while the average price for exports to Belize ($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 Paraguay (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Brazil

For the third consecutive year, Brazil recorded growth in overseas purchases of grinding and sharpening metal finishing machines, which increased by 28% to X units in 2022. Overall, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 69%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and the United States (X units) were the main suppliers of grinding and sharpening machine imports to Brazil, with a combined 75% share of total imports. Taiwan (Chinese), Sweden, India, Denmark and Germany lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +112.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest grinding and sharpening machine suppliers to Brazil, with a combined 52% share of total imports. The United States, Sweden, Italy, India and Denmark lagged somewhat behind, together accounting for a further 10%.

In terms of the main suppliers, Denmark, with a CAGR of +41.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 94% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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