Brazil: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Brazil

In 2021, after three years of growth, there was significant decline in the Brazilian market for grinding, sanding and polishing machines, when its value decreased by -23% to $X. Over the period under review, consumption, however, posted a measured expansion. Over the period under review, the market attained the peak level at $X in 2020, and then fell significantly in the following year.

Exports of Grinding, Sanding and Polishing Machines

Exports from Brazil

In 2021, overseas shipments of grinding, sanding and polishing machines increased by 14% to X units, rising for the second year in a row after two years of decline. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 259%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. In general, exports showed strong growth. The pace of growth was the most pronounced in 2016 with an increase of 121% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units) was the main destination for grinding, sanding and polishing machine exports from Brazil, with a 46% share of total exports. Moreover, grinding, sanding and polishing machine exports to Mexico exceeded the volume sent to the second major destination, Paraguay (X units), twofold. The third position in this ranking was held by Chile (X units), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+17.9% per year) and Chile (+27.2% per year).

In value terms, the largest markets for grinding, sanding and polishing machine exported from Brazil were Paraguay ($X), Chile ($X) and Mexico ($X), with a combined 77% share of total exports.

Chile, with a CAGR of +56.8%, recorded 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 grinding, sanding and polishing machines stood at $X per unit in 2021, jumping by 18% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 108% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Mexico ($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 China (+47.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Brazil

In 2021, supplies from abroad of grinding, sanding and polishing machines decreased by -20.5% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 317%. Imports peaked at X units in 2020, and then shrank rapidly in the following year.

In value terms, grinding, sanding and polishing machine imports fell significantly to $X in 2021. Over the period under review, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 81%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2021, China (X units) was the main supplier of grinding, sanding and polishing machine to Brazil, with a 97% share of total imports. It was followed by Finland (X units), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-98.7% per year) and Switzerland (-60.9% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machines to Brazil, comprising 51% of total imports. The second position in the ranking was held by Finland ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-99.3% per year) and Switzerland (-59.8% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, falling by -19% against the previous year. In general, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 219%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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